Q4 Results 23rd Apr Live: Infosys, Adani Energy, Cyient, Aditya Birla Sun Life AMC, Himadri Speciality, Tata Capital, Union Bank of India to announce Q4 results, Trent, Tech Mahindra, LTTS, OFSS, BCCL, Havells in focus

Stock down

LTTS Q4 results live: Shares in focus

LTTS shares traded 1% lower at Rs 3,498.60 on the NSE at 10.23 am, hitting a low of Rs 3,458 from the previous close of Rs 3,550.20.

Company posted standalone net profit for the quarter ended March 2026 at Rs 302.4 crore compared to Rs 314.4 crore in the same quarter last year.

Board recommended final dividend of Rs 40 per share.

Stock down

Bharat Coking Coal Q4 results live: Shares fall

Bharat Coking Coal shares fell 5% to Rs 34.12 at 10.19 am.

Company reported net profit for the quarter ended March 2026 at Rs 27.28 crore compared to Rs 66.50 crore in the same quarter last year. 

As per approved mechanism of import parity pricing, and in line with the MoU with SAIL, the Board has approved the price of Washed Coking Coal, effective from 00:00 hours of 1st April, 2026 for Q1 of FY 2026–27. The basic price is ₹13,403/- per MT for Washed Prime Coking Coal and ₹10,937/- per MT for Washed Medium Coking Coal. Other charges, levies and taxes shall be applicable over and above. Further, the Board has approved revision of evacuation charges for washery products w.e.f. 1st April, 2026. The approved recovery amounts are ₹731/₹878 per MT (PCC/MCC) for Washed Coal @ 65%, ₹225/₹270 per MT for Washed Power Coal @ 20%, and ₹169/₹202 per MT for Rejects/Slurry @ 15%, which shall be recovered through invoices in addition to existing evacuation charges. 

BCCL Board has approved the waiver of Performance Incentive and Discount in Price to Power Consumers (upto 10% in various slabs) for lifting beyond 100% of Annual Contracted Quantity

Quarterly results

OFSS Q4 results live: Shares gain

Oracle Financial Services Software shares traded 5% higher on the NSE at Rs 8,552.50.

Company posted standalone net profit for the quarter ended March 2026 at Rs 1111.1 crore compared to Rs 1835.5 crore in the same quarter last year.

Revenue from operations increased to Rs 1566.3 crore during the quarter under review compared to Rs 1289.5 crore in the same quarter previous year.

Board approved second interim dividend of Rs 270 pre share.

Quarterly results

Delta Corp Q4 results live: Shares reverse early loss

Delta Corp shares traded 6% higher on the NSE at Rs 72.13, soaring to Rs 73.44 from the previous close of Rs 68. Stock opened at Rs 66.50.

Standalone profit for the quarter ended March 2026 stood at Rs 50.58 crore compared to Rs 59.35 crore in the same quarter last year.

Board recommended final dividend of Rs 0.50 per share.

Info tech

Tech Mahindra Q4 results live:

CITI on Tech Mahindra

Sell, TP Rs 1275

Inline 4Q on EBIT vs Citi ests.

Subcontractor expenses were +17% qoq (12% of revenue vs 10.7% qoq); OCF/EBITDA TTM at 68% vs 83% yoy.

Forward looking indicators –

(a) Commentary – Accelerating transition to an AI-led organization; on track to deliver FY27 commitments (above peer average growth & 15% EBIT margins)

(b) Deal TCV (net new) +41% yoy on TTM basis

(c) IT headcount -6.5% yoy; utilization running at close to highs

TechM has been executing reasonably well in a tough industry environment; valuations at 19.2x FY27E consensus EPS (vs HCLT – 17.6x, TCS – 16.3x, Infosys – 16.5x) price in +ves.

HSBC on Tech Mahindra

Buy, TP Rs 1780

Reported a good quarter & reiterated its FY27 targets of 15% EBIT margin and above-peer group revenue growth

Telecom remains a strong vertical market for TechM, largely driven by its market share gains in European telcos

Expect higher earnings growth in the medium to long term compared to larger peers

Jefferies on Tech Mahindra

U-P, TP Rs 1225

Revenues/margins were in line, but profits missed estimates due to Fx losses

Raise EPS by 2-3% on INR depreciation.

Strong deal wins, improving outlook for comms vertical and improving margins will support 3.6%/13% CAGRs in cc revenues and EPS over FY26-29.

TechM’s 16% premium to Infosys limits upsides in our view.

Stock market

Q4 results live: Trent | Brokerages view

CITI on Trent

Sell, TP raised to Rs 4100

While revenue growth of 20% YoY was 2% above Citi est, EBITDA/PAT growth of 40%/30% was 12%/23% ahead of Citi est. Beat on EBITDA was primarily GM-led (+171bps YoY to 44.3% vs Citi est of 42.5%)

Believe GM likely benefited from inventory provisioning reversal.

Trent’s execution on operating cost remained strong: employee/rent expense (pre–IND AS) on per sq ft basis declined 19%/11% YoY.

Board also approved proposal for Rs25bn equity fund raise (for store upgradation, new formats, supply chain, select investments in retail real estate for Star, etc).

Bernstein on Trent

O-P, TP Rs 5000

Back on track with growth and margin beat again

Rights issue doesn’t excite.

This quarter (finally) delivered both – a return to 20% growth profile with margin expansion.

Medium term, expect Trent to maintain a 20% growth trajectory with a stable 11% Operating EBIT margin.

Near term, look for (i) Impact of macro conditions which can be potential headwinds – input cost inflation, supply disruptions, demand uncertainty ++ (ii) More details about rights issue & usage of proceeds.

HSBC on Trent

Buy, TP Rs 4830

Beat on EBITDA (15% to consensus) driven by higher gross margins; LFL was low-single digits for fashion concepts

Fund raise of INR25bn announced; await granularity, but Star business expansion is monitorable

Key downside risk: a larger negative impact on store productivity than expect, especially from competition, which could drive further multiple compression.

Jefferies on Trent

Hold, TP Rs 4675

Strong growth in 4Q helped by store expansion (esp. Zudio) and an improving LFL.

Op leverage benefits along with self-help measures drove c40% YoY growth in Op EBITDA, well ahead of ours/consensus estimates.

Mgmt commentary seemed cautious on near-term demand due to geopolitical uncertainty which may also feed into higher costs.

Trent continues to stay focused on densifying key markets and expanding further into smaller cities.

Morgan Stanley On Trent

Recommendation Overweight, Target ₹4835 

Key Points:Q4: Margin Beat

Consumer sentiment was stable, although discretionary spending moderated owing to macro uncertainties

Management saw early raw material inflation and supplier labour tightness, which was mitigated through calibrated sourcing

Strategy remains intact to drive the share of revenues in proximate markets

Info tech

Oracle Financial Services Software Q4 results live: Highlights

Oracle Financial Services Software Limited Q4FY26 Results:-

Revenue 2065.20 Cr vs 1716.30 Cr

(+20.33% YoY┃+5.05% QoQ)

EBITDA 1056.30 Cr vs 764.70 Cr

(+38.13% YoY ┃+28.88% QoQ)

EBITDA Margin 51.15% vs 44.56% YoY & 41.69% QoQ

PBT 1120.10 Cr vs 839.00 Cr

(+33.50% YoY┃+30.64% QoQ)

PAT 841.70 Cr vs 643.90 Cr

(+30.72% YoY┃+38.07% QoQ)

Stock down

Tech Mahindra Q4 results live: Shares in red

Tech Mahindra shares down 2% to Rs 1,427.80 after a positive opening at Rs 1,470.20 and soaring to Rs 1,473.90.

The company reported a 16 percent annual increase in net profit of ₹1,353 crore in the March-ending quarter

Stock up

Trent Q4 results live: Shares flat

Trent shares flat on the NSE at Rs 4,451.60 after opening at Rs 4,440 and soaring to Rs 4,460. It reported a 13 per cent rise in consolidated net profit to ₹1,741 crore in FY26.

Stock market

Stock market live, Q4 results today live updates: Sensex, Nifty 50 trade lower

Sensex traded 814.86 pts or 1.04% lower at 77,701.63 at 9.16 am after opening at 77,983.66 from the previous close of 78,516.49, and Nifty 50 fell 186.25 pts or 0.76% to 24,191.85.