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Q4 Results Today, April 28, 2026, Live Updates: Find all the latest Q4 results 2026 updates of Apt Packaging Ltd, Artson Ltd, AWL Agri Business Ltd, Bandhan Bank Ltd, Brigade Hotel Ventures Ltd, Canara HSBC Life Insurance Company Ltd, Castrol India Ltd, Consolidated Construction Consortium Ltd, Ceat Ltd, Dalmia Bharat Ltd, Dhanlaxmi Bank Ltd, Elpro International Ltd, Emmvee Photovoltaic Power Ltd, Eternal Ltd, Fabtech Technologies Cleanrooms Ltd, Fedbank Financial Services Ltd, Five-Star Business Finance Ltd, Go Digit General Insurance Ltd, Greenply Industries Ltd, Garden Reach Shipbuilders & Engineers Ltd, IFCI Ltd, Infobeans Technologies Ltd, Lakhotia Polyesters (India) Ltd, Mahindra Lifespace Developers Ltd, Maruti Suzuki India Ltd, Mishka Exim Ltd, Mitshi India Ltd, Motherson Sumi Wiring India Ltd, Orient Cement Ltd, Panyam Cements & Mineral Industries Ltd, Panth Infinity Ltd, Piccadily Agro Industries Ltd, Piramal Pharma Ltd, Rajoo Engineers Ltd, REC Ltd, Macfos Ltd, Sanofi India Ltd, Sanofi Consumer Healthcare India Ltd, Sapphire Foods India Ltd, Satchmo Holdings Ltd, Skipper Ltd, Star Health and Allied Insurance Company Ltd, Leela Palaces Hotels & Resorts Ltd, Typhoon Holdings Ltd, and Vardhman Special Steels Ltd.
UltraTech, Coal India, ATGL, AU SFB, SBI Cards, Nippon Life AMC, TMB, CUB, Canara Robeco in focus
Stay tuned for more updates from businessline
FILTERS UPDATES
- April 28, 2026 09:18
Stock market
Stock market live updates, Q4 results live: Markets dip
Sensex fell 169.17 pts or 0.22% to 77,134.46 at 9.16 am after lower opening at 77,094.79 from the previous close of 77,303.63. Nifty 50 dipped by 48.40 pts or 0.2% to 24,044.30 after a flat opening at 24,049.90 from the previous close of 24,092.70.
- April 28, 2026 09:15
Quarterly results
Coal India Q4 results live: Brokerages view
Jefferies on Coal India
Buy, TP Rs 500
COAL’s Mar-Q cash EBITDA grew 8% YoY, 14% above JEFe, mainly led by better FSA ASP and e-auction volumes.
An intense summer and weak rainfall are likely to boost power demand and thereby COAL’s volumes in FY27.
Higher global coal prices should lift e-auction prices too.
After 12% EPS fall over FY24-26, expect COAL’s earnings trajectory to improve with 5% CAGR over FY26-28.
Its 9.3x FY27E PE and 6% div-yield are attractive
HSBC on Coal India
Hold, TP Rs 440
Earnings beat expectations in 4QFY26 on higher other income; restatement makes y/y and q/q comparisons difficult
Inventory increased 40MT q/q, even as power plant inventory remains elevated
Employee costs declined y/y, which is a positive
Elevated inventories put a cap on E-auction premiums
Potential large cost increase ahead if diesel prices are increased
Lacking earnings catalysts given oversupplied domestic coal markets. but dividend yield supports stock price
- April 28, 2026 09:15
Quarterly results
Adani Energy Q4 results live: Jefferies view
Jefferies on Adani Energy
Buy, TP Raised to Rs 1,665 from Rs1,170
Lower FY27E-28E EBITDA by 5-6% to factor some execution delays on transmission, which led to a miss on March Qtr estimates.
Management, based on won projects and bid pipeline, is confident of Rs153 bn FY26 capitalisation rising to Rs200-220 bn run-rate in FY27E & further
ramping up in FY28E-30E
- April 28, 2026 09:14
Quarterly results
AU Small Finance Q4 results live: Brokerages view
Nomura on AU Small Fin BK
Neutral, TP Rs 975
4QFY26: All moving parts align in a seasonally strong quarter
Margin expansion & easing credit costs drive 1.8% ROA
Strong growth momentum; profitability to improve gradually
Asset quality shapes up well across segments in a seasonally strong quarter
Trades at 2.8x FY28F BVPS, which believe adequately captures positives.
UBS on AU Small Fin BK
Neutral, TP Rs 1150
Strong quarter; Asset Quality/NIMs improve sharply
4Q: PAT beat driven by higher NII and lower provisions
Business growth healthy, margins expanded 26bp QoQ
Management reiterates RoA guidance of 1.8%; credit cost to trend lower
Jefferies on AU Small Fin BK
Buy, TP Rs 1250
AU Bank’s Mar-Qtr profit of Rs8.3bn, up 65% YoY, was ahead of est., aided by significantly lower credit costs.
AUM grew 21% YoY, aided by strong momentum in wheels & commercial bk.
NIMs rose 24bps QoQ but may fall in coming quarters as banks raised peak deposit rates by 15-25bps.
Transition to Universal Bank is a key opportunity to aid growth and lift ROA.
See ROA rising to 1.7% in FY27E
CITI on AU Small Fin BK
Buy, TP Rs 1225
4Q PAT surging 65% YoY/25% QoQ to register RoA of 1.8% — decisively ahead of expectations.
NIMs expanded a robust 24bps QoQ to 5.96%, decomposed as: 12bps CoF tailwind, 7bps day-count benefit, and 6bps from lower slippage drag.
Notwithstanding a Rs210mn contingency provision, credit cost sustained its normalization trajectory, compressing sharply to 0.84% (vs 1.11% in 3Q), underpinned by unsecured as well as secured segments.
Mgmt reiterated confidence in sustaining 1.8% RoA on a full-year basis in FY27 (vs 1.6% in FY26), anchored by resilient growth momentum and an intensified efficiency drive.
- April 28, 2026 09:14
Quarterly results
SBI Cards Q4 results live: Highlights | Brokerages view
HSBC on SBI Cards
Reduce, TP cut to Rs 500
Slower growth and pressure on nearly all core operating metrics underscored SBICARD’s 4QFY26 performance
Cut EPS estimates by 1.0/9.4% for 27/28e, respectively, cutting growth and revenue estimates
Value SBICARD at 2.3x FY28e BVPS
Jefferies on SBI Cards
Hold, TP Rs 700
SBI Cards’ March Q adj PAT fell 2% YoY to Rs5.2bn, well below our Rs6.0bn est, led by weaker NII & fee-income growth
Net slippages fell 50bps QoQ and credit cost was in line, despite building overlay provision, but receivables growth disappointed & revolver mix fell QoQ
Credit cost should ease further as card stress abates, but portfolio de-risking should cap asset growth & weigh on revolver mix, curbing earnings & returns
Cut FY27– 28E EPS by 4-6%
UBS on SBI Cards
Neutral, TP cut to Rs 780
Muted growth; Asset quality improves sequentially Q4
Miss overall; Credit cost declines but growth remains subdued
Q4 spends grew 31% YoY while receivables were up c2.0% YoY
Management expect loan growth to lag spends growth even in FY27
Stock trades at 3.5x March 2027 P/BV/21.5x PE which appears fair with no immediate catalysts
JPM on SBI Cards
UW, TP Rs 625
Continued to deliver AQ improvement in 4Q as well
Net slippages declined to 5.95% (vs 7.93% in 3Q) and write-offs declined to 7.7% of receivables (vs 8.4% in 3Q) with Gross Stage-3 improving q/q to 2.4% (vs 2.9% in 3Q)
Despite long awaited decline in credit costs, continue to see downside risks to earnings from
(i) potential NIM contraction on deteriorating loan mix (lower revolver and EMIs) & risk of higher funding costs from here with rate cuts largely behind
(ii) subdued receivable growth in FY27 post muted 2% growth in FY26
(iii) elevated opex on costs related to potential acceleration of new card acquisition in FY27
STK still trades at FY27/28E PER (x) of 22.6/19.3, implying limited valuation support
- April 28, 2026 09:13
Quarterly results
Q4 results live: Highlights | Piramal Finance
Nomura on Piramal Fin
Buy, TP Rs 2150
Cleaning up and scaling up well
25% loan growth guidance for FY27E
ROAUM guidance of 2.5% by 4Q27E & >3% by FY28E
4Q26: Reduction of legacy book, one-off gains with slight beat on NII
Multiple levers for margin expansion: unsecured loans, gold loans, cost of fund
Stock currently trades at 1.4x one year fwd.
Jefferies on Piramal Fin
Hold. TP Rs 1940
Piramal’s March Q adj. loss was Rs10.9bn vs Rs4.8bn PAT est. as it utilised one-off gains to make large provn towards legacy assets
Reported PAT was Rs5bn. AUM grew in-line; NIM expanded.
Growth business AQ was steady.
Piramal’s profit & returns should improve over FY26-28e on retail AUM growth, lower CoF post rating upgrade & improving opex ratio.
However, at 1.4x FY27e BV, upside seems capped as expect subdued ROA/ROE of 2.1%/10% by FY28e.
- April 28, 2026 09:13
Quarterly results
Q4 results live: UltraTech Cement | Brokerages view
Goldman Sachs on Ultratech Cement
Maintain Buy; Target price ₹13,230 (vs ₹13,640 earlier)
Strong Q4 with EBITDA/t at ₹1,167 vs estimates
Volume growth at 9% YoY
India cement volumes up 18% YoY
Realizations improved ~3% QoQ
Strong cost control driving sequential EBITDA/t expansion
Brand integration of India Cements and Kesoram completed
Near-term margins impacted by higher energy costs
Long-term outlook strong with capacity expansion and efficiency
EBITDA CAGR of ~14% expected over next 2 years
CLSA on Ultratech
High Conviction O-P, TP 14000
Delivered strong 4Q with volume up 9% YoY and Ebitda/tonne of Rs1,192, both beating est.
While an extended Middle East conflict could weigh on profitability in near term, sustained cost efficiency leaves UTCEM better positioned to absorb such
Expect capacity-led volume growth & margin improvement to drive mid-to-high-teen Ebitda growth over medium term
Jefferies on Ultratech
Buy, TP Rs 14050
UTCEM ended FY26 on a strong note, with Mar-qtr EBITDA up 21% YoY, driving FY26 EBITDA growth of 36% YoY
FY26 also saw 14% vol growth, with over half of planned savings delivered
Co announced a record 85% + div payout as a special dividend, alongside crossing the 200MTPA capacity milestone
FY27 will be tougher yr amid cost headwinds, though company may still target YoY EBITDA/T growth via price hikes and cost
Savings
HSBC on Ultratech
Buy, TP Rs 14200
UTCEM reported a beat on EBITDA and PAT driven by strong volume growth, and lower costs
Special dividends (Rs 240/sh) a positive; UTCEM’s capex intensity should drop sharply over FY27-29
Increase FY28-29 EBITDA est 2.4%/4.6%
- April 28, 2026 09:12
Quarterly results
Q4 results live: HIGHLIGHTS
AFTER MARKET HOURS🕞27-04-2026
ECO Recycling(397) 30DH/L 461/225
ConPBT:11.04 vs 4.23 vs 6.27 cr.
PAT:7.14 VS 2.05 VS 2.2 Cr
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Rossari Bio(Fv2)505 30D H/L 525/373
ConPBT:64.24 vs 42.5 vs 47.7 cr.
PAT:45.97 VS 32.77 VS 34.44 Cr
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Websol Energy(Fv1)116.49 30DH/L 116.49/64
ConPBT:125 vs 84 vs 66 cr
PAT:124.5 VS 64.98 VS 48.27 Cr
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AGI Green(Fv2)565 30DH/L 589/465
ConPBT:152.6 vs 94.46 vs 126 cr.
PAT:115.38 VS 71.45 VS 96.61 Cr
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The Phoenix mills(Fv2)1800 30DH/L 1835/1466
ConPAT:485.4 VS 366.16 VS 347.7 Cr
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COAL INDIA(453) 30D H/L 465/427
ConPAT:10908 VS 7166 VS 9740 Cr
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Kotyark Ind(427) 30D H/L 449/341
ConPBT:13.58 vs 4.11 vs 0.45 cr.
PAT:9.38 VS 3.16 VS 1.51 Cr
- April 28, 2026 09:11
Quarterly results
Q4 results live: HIGHLIGHTS
EQUITY PREVIEW:
* Adani Total Gas (ATGL): 4Q Net Income INR1.68B vs. 1.55 b y/y. (1)
* Apollo Hospitals (APHS): Says NCLT Division Bench - II, Chennai approves proposed scheme of arrangement
* AU Small Finance (AUBANK): 4Q Net Income +65% Y/y to INR8.32b (1)
* Bajaj Housing Finance (BAJAJHFL): 4Q Net Income +14% Y/y to 6.69B Rupees (1)
* Central Bank of India (CBOI): To mull FY27 fund raising plan on April 30, via FPO, rights issue, QIP or bonds
* City Union Bank (CUBK): 4Q Net Income +25% Y/y to INR3.6b, Meets Estimates
* Jindal Saw (JSAW): To set up another plant in Saudi Arabia via Jv.
* McLeod Russel India (MCLR): Approves sle of assets of some proposed tea estates
* Mahindra Holidays (MHRL): Buys Coffee Plantation Firm for $4 Million
* Nippon Life India AM (NAM): 4Q Net Income +29% Y/y to INR3.85b, Beats Estimates
* Oil & Natural Gas Corp (ONGC): Unit ONGC Petro additions says parent ONGC approves Jv. in the ratio of 50:25:25 by ONGC, MRPL, OPaL
* Phoenix Mills (PHNX): 4Q Net Income Beats Estimates
* Piramal Finance (PIRMALF): 4Q Net Income 6.03B Rupees Vs. 638.9M Rupees Y/y
* Power Grid Corp (PWGR): To consider fundraising on April 30
* Punjab & Sind Bank (PJSB): 4Q Net Income +35% Y/y to 4.22B Rupees
* Railtel Corp. (RAILTEL): Gets INR1.45b order from Eastern Coalfields
* Rallis India (RALI): 4Q Net Loss 150M Rupees, Est. Loss 282.3M Rupees
* Supreme Industries (SI): 4Q Net Income +48% Y/y to INR4.34b, Beats Estimates
* Surya Roshni (SYR): Gets INR178.9m export order from USA
* Tamilnad Mercantile (TMB): 4Q Net Income +28% Y/y to 3.74B Rupees; to pay INR12.5/shr as dividend
* UltraTech Cement (UTCEM): 4Q Net Income +20% Y/y to INR29.8b, Beats Estimates
Published on April 28, 2026
