Q4 FY2026 Quarterly Result Highlights of Jio Financial Services, Angel One, Five-Star Biz Finance, Motherson Wiring & E2E Networks

Jio Financial Services Q4 FY2026 Result: Revenue doubles, PAT falls

Jio Financial Services (JFS) Q4 FY2026 results showed massive top-line growth with revenue doubling to ₹1,019 crore (+106% YoY), driven by lending and payment expansion. However, consolidated net profit (PAT) fell 14% YoY to ₹272 crore due to higher operational expenses. The board declared a ₹0.60 per share dividend for FY26.

• Key Financial Highlights (Q4 FY2026 – Ended March 31, 2026):
• Revenue from Operations: Surged 106.5% Year-on-Year (YoY) to ₹1,018.51 crore.
• Net Profit (PAT): Dropped 13.88% YoY to ₹272.22 crore.
• Total Expenses: Increased by 326.9% YoY to ₹719.99 crore, reflecting heavy investment in digital infrastructure, employee costs, and expansion.
• Sequential Growth: Profit increased by 1.2% compared to Q3 FY26.
• Business Operations & Metrics:
• Jio Credit: Assets under management (AUM) crossed ₹25,000 crore.
• Jio Payment Solutions: Processed over ₹50,000 crore in total payment value in FY26.
• Jio Payments Bank: Deposits grew 84% YoY to ₹544 crore.
• JioBlackRock: AUM exceeded ₹15,200 crore within nine months of launch.
• App Usage: The JioFinance app reached 23 million users.
• Corporate Updates:
• Dividend: A final dividend of ₹0.60 per equity share was approved.
• Management Change: Annapoorna Venkataramanan was appointed as Group CFO, effective May 11, 2026, succeeding Abhishek Haridas Pathak.
• The company highlighted that this period represented a shift from “foundational groundwork to sustained operational velocity,” despite the pressure on margins caused by rapid scaling and volatility in treasury income
• Stock Verdict: Neutral
• 20 Apr 2026 Deven Choksey Target 298.00
• 18 Apr 2026 Motilal Oswal Target 315.00

Motherson Sumi Wiring Q4 FY2026 Result: Revenue up 32%, PAT flat

• Motherson Sumi Wiring India Ltd reported record Q4 FY2026 results, with revenue jumping 32.9% YoY to ₹3,335 crore, driven by strong demand and 8.6% EV revenue contribution.
• Net profit increased 1.44% YoY to ₹167.3 crore, while high copper prices pressured margins.
• Key Highlights for Q4 FY2026 (Ended March 2026):
• EBITDA: Stood at ₹274 crore, representing a 1.1% growth, with margins constrained by high input costs.
• EV Contribution: Revenue from electric vehicles reached 8.6% in Q4 FY26.
• Dividend: The board recommended a final dividend of ₹0.58 per equity share of face value ₹1.
• Full Year (FY2026) Performance:
• Total Revenue: Crossed the ₹11,400 crore mark, growing 23.2% to ₹11,478 crore, marking the company’s highest-ever annual performance.
• Net Profit: Rose 3.19% to ₹625.18 crore.
• Operational Status: The company maintains a debt-free status.
• Operational Context:
• Profitability faced pressure due to elevated copper prices and a time lag in passing on costs to customers.
• The company continues to supply to nine of the top 10 best-selling passenger vehicle models in India
• Stock Verdict: Negative

Five-Star Business Finance Q4 FY2026 Results Highlights:

• Five-Star Business Finance reported robust Q4 FY2026 results, with a PAT of ₹269.27 crore, representing significant growth. Total income for the quarter reached ₹826.06 crore. The company maintained strong asset quality, with a 98.1% collection efficiency.
• Key Financial Highlights (Q4 FY2026 & FY26):
• Q4 FY26 PAT of ₹269.27 crore & Total Income of ₹826.06 crore.
• Annual FY26 PAT: ₹1,098.75 crore, up from ₹1,072.49 crore in FY25.
• Loan Portfolio: Stood at ₹13,224.6 crore, representing strong 11% YoY growth.
• Asset Quality: The 90+ days past due (DPD) NPA ratio remained stable, and the slippage ratio improved to 0.70% in Q4 FY26.
• Net Interest Margin for the quarter was recorded at 20.07%, with a Return on Equity of 15.09%
• Operational & Strategic Highlights:
• Disbursements: Q4 disbursements reached ₹1,213 crore, reflecting a 24% growth QoQ.
• Collection Efficiency: Unique customer collection efficiency reached a record 98.1%.
• Capital Adequacy: Strong capital position with a 51.89% capital to risk-weighted assets ratio as of March 31, 2026.
• Expansion: The company continues to target the underserved MSME market, primarily in South India, with plans to increase branch footprint.
• Outlook:
• Five-Star Business Finance continues to show resilience in its portfolio, benefiting from high-yield loans in the MSME segment. The company maintains strong margins despite a slight increase in the cost of borrowing, supported by efficient collection mechanisms.
• Stock Verdict: Neutral

Angel One Q4 FY2026 Result: Profit Jumps Over 19%, Revenue Sees Uptick

Angel One reported strong Q4 FY26 results with a consolidated net profit (PAT) of ₹320.24 crore, marking a 19.1% increase sequentially and an ~83.5% surge YoY. Total revenue for the quarter rose to ₹1,459-1,467 crore, driven by high client engagement. The client base reached 37.4 million, reflecting 20.5% growth.

Key Highlights of Q4 FY26 Results:
Consolidated Net Profit: ₹320.24 crore (up 19.2% QoQ, 83.5% YoY).
Total Revenue: ₹1,459.42 crore (up 9.33% QoQ, 38.20% YoY).
EBDAT (Earnings Before Depreciation, Amortisation, and Tax): ₹472.8 crore (up 16.74% QoQ).
EBDAT Margin: Improved to 41.7% in Q4 FY26, up from 39.4% in the previous quarter.
Client Acquisition: Gross client acquisition was 1.80 million, a 12.7% increase YoY.
Return on Equity (Avg): Stood at 30.19%.

Operational & Strategic Highlights:
Client Base: Total client base grew to 37.39 million as of March 2026, compared to 31.02 million in March 2025.
Average Daily Orders (ADO): 7.37 million (up 31.6% YoY).
Expansion: The board approved increasing the borrowing limit to ₹20,000 crore and investing ₹150 crore each into its subsidiaries, Angel Fincap Private Limited and Angel One Wealth Limited.
AI Adoption: The company highlighted the integration of AI within its platform, with 25% of code generated by AI, enhancing operational efficiency.
The company showed a strong recovery in operating margins (41.02%, highest in 8 quarters).

Stock Verdict: Positive

17 Apr 2026 Angel One Motilal Oswal TP = 400

E2E Networks Q4 FY2026 Result: Revenue up 185%, PAT flat

E2E Networks reported a 48% surge in Q4 FY2026 standalone revenue to ₹95.64 crore, driven by AI/GPU demand, but net profit dropped 51-53% YoY to ₹6.4–8.56 crore. The profit decline is attributed to high depreciation from heavy GPU infrastructure investments (H100). The board approved a 1:10 stock split, and EBITDA margins remained strong at 60.7%.
Q4 FY26 Key Financials (Standalone)
Revenue: ₹95.64 crore, up 185.75% YoY and 36.59% QoQ.
Net Profit (PAT): ₹6.43 crore, down 51.37% YoY from ₹17.59 crore in Q4 FY25.
EBITDA: ₹58.1 crore, up 335.6% YoY.
EBITDA Margin: 60.7% (compared to 56.6% in Q4 FY25).
Monthly Runrate (March ’26): ₹37.4 crore (up 233.9% YoY).
QoQ Turnaround: Swung to net profit from a net loss of ₹5.69 crore in Q3 FY26.

Key Highlights
Stock Split: Approved a 1:10 split, reducing face value from ₹10 to ₹1 per share.
GPU Expansion: Significant investment in high-performance GPU infrastructure for AI demand caused higher depreciation costs.