Q4 Results 19th May Live: BEL, BPCL, Bosch, Mankind Pharma, Zydus Lifesciences, Zee, Hatsun Agro, RITES, BASF India, Trident to announce Q4 results, IOC, Apollo Micro, Zydus Wellness shares in focus

Quarterly results

Uno MInda Q4 results live: Brokerages view

CLSA on Uno Minda

OP,TP Rs 1469

4Q operating performance was in line

In FY26, MNDA sustained strong execution, delivering c.1.5x revenue growth (16% Ebitda growth) relative to PV+2W OEM production volume growth of 11%.

With OEM commentary pointing to cautiously optimistic high single-digit volume growth in FY27, expect MNDA to continue outperform the industry, growing 25% YoY, driven by new product additions, capacity expansion, premiumisation (higher content per vehicle) and increasing EV penetration.

Additional upside potential to growth exists from inorganic opportunities, with MNDA having a lean balance sheet.

Nomura on Uno Minda

Buy, TP Rs 1494

4QFY26 EBITDA in line; rising EV adoption, premiumization and export push key medium-term growth catalysts

Management commentary: Uno Minda has gained market share across segments from both new and existing customers; plans to focus on higher value addition and execution in new segments; most orders announced have >2x asset turnover, providing growth visibility

Lower EBITDA estimates by 4%/0.3% for FY27F/28F to factor in near-term cost pressure & cut EPS by 6%/3% on higher investments

Stock is currently trading at 33x FY28F EPS of INR32, which believe is attractive

Quarterly results

Power Grid Q4 results live: Brokerage view

Jefferies on Power Grid

Buy, TP Rs 340

March Qtr adj. PAT was in-line

Capex is up 53% YoY to Rs132bn and capitalization is up 10x YoY to Rs153bn.

FY26 capitalization at Rs282bn was up 3.1x YoY and exceeded the company’s upgraded guidance of Rs250bn.

Given this, raise earnings estimate for FY27E-28E by 3%.

Execution uptick gives confidence on PGCIL meeting its FY27E-28E capitalization targets.

Bernstein on Power Grid

OP,TP Rs 305

Co increased their full year capitalization guidance from Rs 220 Bn to Rs 250 Bn (& delivered Rs 282 Bn in FY26).

Co retained their capitalization and capex guidance for FY27 at Rs 300 Bn & Rs 370 Bn respectively.

Worst for capitalization might be behind, but core issues on land (right-of-way), while better, still persist

Like transmission theme long term, but with TBCB being >80% of new build- think street is still missing that

EBITDA might come but earnings will be a miss in FY27 as well

Further in TBCB projects Power Grid will struggle to pass on the high input cost (conductor, transformer, cost of debt) and longer construction timelines.

On transformers management highlighted (similar to their peers) that availability is improving.

CLSA on Power Grid

OP,TP Rs 324

PWGR’s capitalization has shown a lofty pick-up, up 221% in FY26.

PWGR’s backlog slowed to +10% YoY with a loss of market share in India’s green corridors.

Its capex in FY26 rose 52% and it guided that it is on-track to achieve capitalization growth of 14% over FY26-28.

Consolidated rec. FY26 PAT grew just 3% YoY on weak capitalization in 1H and a shift towards tariff-based competitive bidding (TBCB) in capitalization, while it kept its dividend flat YoY

Forecast regulated & competitive (RAC) equity Cagrs of 9% over FY25-30CL.

HSBC on Power Grid

Hold, TP Rs 295

PWGR beats capex and capitalization guidance for FY26, guides for upcoming beat for its FY27 guidance as well

Also see new opportunities from intra-state transmission projects and BESS, which can increase TAM

Quarterly results

IOC Q4 results live: 56% jump in Q4 profit to Rs 11,377 crore on strong margins

IOC reports record FY26 profit as Q4 net jumps 56% to Rs 11,377 crore

IOC net profit rose 56% to Rs 11,377 crore in Q4 FY26, while full-year earnings doubled to Rs 36,802 crore on strong refining and marketing performance.

Quarterly results

Shivalik Bimetal Q4 results live:

Q4 Cons Net Profit Rs. 26 Cr vs 21.10 Cr (YoY), Q4 Revenue Rs. 162 Cr vs 130 Cr (YoY), Q4 EBITDA margin 21.80% vs 21.52% (YoY). Company set to introduce its ISG ECU on variants of 3 popular top-10 two-wheeler motorcycle models across 3 of the top-4 OEMS, leveraging its key SLC wet magneto technology (Positive)

Quarterly results

Monte Carlo Fashions: Q4 SL Net Profit Rs. 5 Cr vs loss 10.30 Cr (YoY), Q4 Revenue Rs. 280 Cr vs 210 Cr (YoY), Q4 EBITDA margin 9.23% vs 2.9% (YoY) (Positive)

Quarterly results

Yasho Industries: Q4 SL Net Profit Rs. 9.50 Cr vs 4.30 Cr (YoY), Q4 Revenue Rs. 250 Cr vs 188 Cr (YoY), Q4 EBITDA margin 16.5% vs 16.86% (YoY) (Positive)

Quarterly results

Visaka Industries Q4 results live:

Visaka Industries: Q4 Cons Net Profit Rs. 40 Cr vs 14.60 Cr (YoY), Q4 Revenue Rs. 480 Cr vs 430 Cr (YoY), Q4 EBITDA margin 10.60% vs 10.45% (YoY) (Positive)

Quarterly results

IndusInd Nippon Life Q4 results live:

IndusInd Nippon Life Insurance reports 18% NBP growth along with highest ever profits

Marks first year of brand transition

India, May 18, 2026: IndusInd Nippon Life Insurance (formerly Reliance Nippon Life Insurance) today announced its financial results and key business highlights for FY2025–26, its first year following the brand transition and the coming together of IndusInd International Holdings Limited (IIHL) and Nippon Life Insurance.

The Company delivered a steady and well-rounded performance, balancing growth with profitability and customer commitment.

Total Premium grew by 6% to ₹6,051 crore, while New Business Premium (NBP) saw a robust 18% growth to ₹1,475 crore, reflecting strong traction across distribution channels.

Profit After Tax rose by 15% to ₹248 crore, underlining the Company’s focus on disciplined growth and operational efficiency. Assets Under Management (AUM) increased to ₹40,214 crore, reinforcing its financial strength and long-term stability.

The Company continued to build on its strong customer promise, with a claims settlement ratio of 98.98%. The solvency ratio stood at 218%, well above regulatory requirements, reflecting a strong capital position.

Additionally, the Company maintained a 13-month persistence ratio of 80.2%, indicating strong customer retention and satisfaction.

Quarterly results

Triveni Turbine Q4 results live:

Key highlights for Q4 FY 26

Highest ever quarterly Revenue at ₹ 6.80 billion, increase of 26.3% YoY

Export revenue constituting 60% of revenue, increased by 45.8% YoY. Aftermarket revenue constitutes 24.6%, up by 16.2% YoY

EBITDA stands at ₹ 1.44 billion, up by 2.9% YoY, with margin of 21.2% vs 26.1% in Q4FY25 down by 478bps. Margins got impacted on account of project and segment mix during the period

Profit After Tax (PAT) stands at ₹ 1.02 billion, 7.7% increase year-on-year,

Order booking of ₹ 7.47 billion during the quarter, increase of 19.0% YoY; 174.1% increase in export order booking contributing to 69% of order booking

Highlights for FY 26 – Consolidated Performance

Highest ever annual Revenue at ₹ 21.81 billion, increase of 9% YoY

Exports contributed 58% of total revenue and grew 30.1% YoY. Aftermarket revenue contributed 27.5%, down 6.7% YoY.

EBITDA stands at ₹ 5.27 billion, up by 1.8%YoY, with margin of 24.2% vs 25.8% in FY 25 down by 164bps

PBT (before exceptional items) stands at ₹ 4.90 billion, flat on YoY, with margin of 22.5% vs 24.3% in FY25, down by 186bps

Profit After Tax (PAT) stands at ₹ 3.49 billion, decline of 2.5% YoY, impacted by exceptional items recognized on account of the new wage code

Order booking remained resilient at ₹ 23.26 billion, marginally down by 1.6% YoY, with exports contributing 52% of the order booking.

Healthy outstanding order book, at ₹ 20.5 billion, increase by 7.6%YoY. Export outstanding order book constitutes 51% of the overall closing order book.

Aftermarket order booking grew 41.3%, increasing its share in total order booking to 38% from 26% in FY25. Closing aftermarket orders increased by 106.9% YoY to 5.39 billion.

Quarterly results

DOMS Industries Q4 results live:

DOMS Industries: Performance Highlights for Q4’FY26

▪️ Revenue from Operations for Q4’FY26 grew by 18.7% to ₹ 604.0 Cr as compared to Q4’FY25 highlighting our sustained growth trajectory.

▪️ EBITDA for Q4’FY26 grew by 14.4% to ₹ 100.9 Cr as compared to Q4’FY25. EBIDTA margin for Q4’FY26 stood at 16.7% as compared to 17.3% in Q4’FY25.

▪️ PAT for Q4’FY26 grew by 13.5% to ₹ 58.2 Cr as compared to Q4’FY25. PAT margin for Q4’FY26 stood at 9.6% as compared to 10.1% in Q4’FY25.

Performance Highlights for FY26

▪️ Revenue from Operations for FY26 grew by 21.6% to ₹ 2,326.4 Cr as compared to FY25, surpassing our guided range.

▪️ EBITDA for FY26 grew by 15.5% to ₹ 402.6 Cr as compared to FY25. EBIDTA margin for FY26 stood at 17.3% as compared to 18.2% in FY25.

▪️ PAT for FY26 grew by 12.2% to ₹ 239.6 Cr as compared to FY25. PAT margin for FY26 stood at 10.3% as compared to 11.2% in FY25.

Commenting on the results and performance, Mr. Santosh Raveshia, Managing Director, DOMS Industries Limited said:

“We reported another year of steady growth, with revenues increasing by 21.6% for FY26 as we continued to expand our presence across the kids’ consumer ecosystem. This performance reflects the underlying strength of our portfolio and is resultant of our continued focus on disciplined execution, despite a challenging and evolving operating environment. Consolidated sales growth was supported by stable demand across key product categories aided by capacity additions and new product introductions. The baby hygiene segment also recorded positive growth, driven by improved capacity utilization and healthy consumer demand.

Quarterly results

DRC Systems Q4 results live:

DRC Systems India Limited announces fourth quarter and year

ended results for FY 2025-26

Full Year Ended March 31, 2026

Key Highlights (Consolidated)

Revenue from Operations up 46% YoY at INR 9,550.5 Lakhs.

EBITDA up 34% YoY at INR 2,832.6 Lakhs.

Net Profit up 28% YoY at INR 1,932.2 Lakhs.

EBITDA Margin and Net Margin at 30% and 20% respectively.

Quarter Ended March 31, 2026

Revenue from Operations up 61% YoY at INR 2,719.9 Lakhs.

EBITDA up 33% YoY at INR 816.0 Lakhs.

Net Profit up 32% YoY at INR 581.8 Lakhs.

EBITDA Margin and Net Margin at 30% and 21% respectively.

Gandhinagar, India, May 18, 2026: Information Technology and Software Consultancy Services provider, DRC Systems

India Limited (BSE: 543268) (NSE: DRCSYSTEMS), DRC Systems The Company today announced its financial results

for the fourth quarter (Q4) and year ended March 31, 2026, as approved by its Board of Directors.