Q4 Results Live Updates: M&M Profit Beats Estimates; Marico Profit Surges On Higher Other Income

DCW Q4FY26 (YoY)

Net Profit up 60.2% at Rs 18.1 crore versus Rs 11.3 crore
Revenue up 13.2% at Rs 609 crore versus Rs 538 crore
EBITDA up 16% at Rs 64.6 crore versus Rs 55.7 crore
EBITDA Margin at 10.6% versus 10.35%

Lloyds Engineering Q4FY26 (Cons, QoQ)

• Net Profit down 23.3% at Rs 46.8 crore versus Rs 61 crore
• Revenue up 81.7% at Rs 495 crore versus Rs 273 crore
• EBITDA up 15.5% at Rs 61 crore versus Rs 53 crore
• EBITDA Margin at 12.4% versus 19.4%

Other Updates

• Other Income at Rs 8.8 crore versus Rs 24.1 crore

Emcure Pharma Q4FY26 (Cons, YoY)

Net Profit up 28.8% at Rs 243 crore versus Rs 189 crore
Revenue up 16.7% at Rs 2,470 crore versus Rs 2,116 crore
EBITDA up 19.2% at Rs 480 crore versus Rs 402 crore
EBITDA Margin at 19.4% versus 19%

Other Updates

Final dividend of Rs 3.60 per share

Marico Q4FY26

• India business revenue rose 21% to Rs 2,505 crore YoY.
• International business revenue up 25% at Rs 828 crore YoY.

Raymond Q4FY26 (Cons, YoY)

• Net Profit down 99.2% at Rs 1.1 crore versus Rs 133 crore
• Revenue up 8.1% at Rs 603 crore versus Rs 558 crore
• EBITDA up 37.8% at Rs 75.5 crore versus Rs 54.8 crore
• EBITDA Margin at 12.5% versus 9.8%

Other Updates

• One-time loss of Rs 200 crore
• Other Income at Rs 9.6 crore versus Rs 43.9 crore
• Tax credit at Rs 7.8 crore versus tax expense of Rs 8.8 crore

Voltamp Transformers Q4FY26 (YoY)

• Net Profit down 50.5% at Rs 47.9 crore versus Rs 96.8 crore
• Revenue down 1.2% at Rs 617 crore versus Rs 625 crore
• EBITDA down 29% at Rs 113 crore versus Rs 158 crore
• EBITDA Margin at 18.3% versus 25.4%

Other Updates

• Tax expense at Rs 19.2 crore versus Rs 32.5 crore
• Dividend of Rs 100 per share

Ather Energy To NDTV Profit On Q4 Earnings

• See Scope To Further Improve Market Share
• Market Share Improved To 18% From 9% 2 Years Ago
• Iran War Is Rewiring The Consumers' Mindset 
• Can Absorb A Chunk Of Commodity Price Hikes 
•  Undertook Price Hikes Each Month Jan Onwards
• Margins Improved By 100 BPS In Q4 FY26 
• Easier To Secure Cells Vs Raw Material From China
• Tech, Vendors, Geography Diversified For Batteries
•  Pressure On Margins Due To Commodity Prices
•  Margin To Stay Under Pressure For Next Few Qtrs 
• Saw Sales Growth Across Products In Last Few Mths
•  There Is Considerable Momentum In The EV Industry

Read More: Ather Energy Shares Fall After Early Rally — Here's Why The Stock Is Moving

• Bank to pay dividend of Rs 3 per equity share
• Operating Expenses at Rs. 7042 cr vs Rs. 8697 cr, down -19% YoY
• Other Income at Rs. 4162 cr vs Rs. 4716 cr, down -11.7% YoY

PNB Q4 Results (Standalone, QoQ)

• Gross NPA at 2.95% versus 3.19%
• Net NPA at 0.29% versus 0.32%

PNB Q4 Results 

• Interest Income at Rs. 32157 cr vs Rs. 31989 cr, up 0.5% YoY
• NII at Rs. 10380 cr vs Rs. 10757 cr, down -3.5% YoY
• PAT at Rs. 5225 cr vs Rs. 4567 cr, up 14.4% YoY
• Operating Profit at Rs. 7500 cr vs Rs. 6776 cr, up 10.7% YoY
• Provisions at Rs. 906 cr vs Rs. 1341 cr, down -32.5% QoQ

Marico is set to announce its Q4FY26 results today. Bloomberg estimates revenue to rise 21.8% year-on-year to Rs 3,325 crore, while EBITDA may increase 16.4% to Rs 533 crore. Margin is estimated at 16.1% against 16.8% a year earlier.

Net profit is expected to rise 14.3% to Rs 392 crore. Investors will watch management commentary on West Asia, price hikes, volume growth, urban demand and FY27 growth after Marico said Q4 revenue grew in the low twenties and India business sustained high single-digit volume growth.

M&M announces final dividend of Rs 33 per share.

READ MORE: Mahindra And Mahindra Declares Final Dividend For FY26 — Check Record Date

M&M Standalone Q4FY26 (YoY)

• Net Profit up 53.4% at Rs 3,737 crore versus Rs 2,437 crore
• Revenue up 26.2% at Rs 39,554 crore versus Rs 31,353 crore
• EBITDA up 18.8% at Rs 5,564 crore versus Rs 4,682 crore
• EBITDA Margin at 14.1% versus 14.9%

M&M Q4 Results

• Net Profit at Rs 3,737 crore versus estimate of Rs 3,491 crore
• Revenue at Rs 39,554 crore versus estimate of Rs 38,115 crore
• EBITDA at Rs 5,564 crore versus estimate of Rs 5,364 crore
• EBITDA Margin at 14.1% versus estimate of 14.1%

Larsen & Toubro is set to report its Q4FY26 results today. Revenue is expected to rise 8.7% year-on-year to Rs 80,869 crore, while EBITDA may increase 7.5% to Rs 8,818 crore. EBITDA margin is expected to be nearly flat at 10.9% against 11% a year earlier, with project mix and cost pressures in focus.

Net profit is expected to rise 6.8% to Rs 5,435 crore. Revenue growth is seen supported by execution across core segments, while the projects and manufacturing business is expected to drive steady growth. Investors will watch order inflows against a high base, the order pipeline, Middle East exposure, execution across large EPC projects and management commentary on margins.

L&T earnings will be a key monitorable amid business impact in the Middle East. Can the India Inc. giant still register solid growth numbers? 

Hello and welcome to NDTV Profit’s live coverage of the Q4FY26 earnings season.

It’s a packed day on Dalal Street, with around 70 companies set to announce their March-quarter results. Heavyweights such as Larsen & Toubro, Mahindra & Mahindra, Punjab National Bank, Marico, Hero MotoCorp, SRF, Coforge, Emcure Pharmaceuticals, Poonawalla Fincorp and United Breweries will be in focus.