Q4 FY2026 Quarterly Result Highlights of Stylam Industries, Polycab, Hexaware Technologies, Gravita India and KPIT Technologies

Stylam Industries Q4 FY2026 Result: PAT up 30%, Revenue up 7%

• Stylam Industries Ltd. announced robust Q4 FY26 results, featuring a 30.7% YoY increase in net profit to ₹37.9 crore and a revenue rise of 6.7% to ₹282.95 crore.
• The EBITDA margin expanded significantly to ~20%, driven by high-end product demand, while the company maintains a near-debt-free status.
• Key Highlights: Q4 FY26 (Standalone)
• Net Profit: ₹37.90 Cr to ₹38.25 Cr (vs ₹28.97 Cr in Q4 FY25), showing ~31% growth.
• Revenue: ₹282.95 Cr (up 6.66% YoY).
• EBITDA: ~₹552M (rising over 30% YoY, indicating strong operational efficiency).
• Earnings Per Share (EPS): Increased to ₹22.16 (vs ₹17.15 in Mar 2025).
• Outlook: A new manufacturing plant in Panchkula is set to begin operations in June 2026 to increase capacity.
• Annual Performance FY26
• Net Profit: Surged to ₹149.87 Cr (vs ₹121.83 Cr in FY25).
• Revenue: Grew to over ₹1,129 Cr.
• Operating Margin: Improved significantly to ~20.1%.
• The company showed strong growth in high-pressure laminates, driven by domestic demand and exports to the Middle East and Southeast Asia.
• Share Reaction: Positive

Polycab Q4 FY2026 Results: Revenue up 27%, PAT up 7%

• Polycab India Ltd announced its Q4 FY26 results, reporting record consolidated revenue of approximately ₹8,860–8,865 crore, a 26.9% year-on-year (YoY) increase, driven by strong growth in wires & cables and a 47% surge in FMEG business.
• Net profit rose by 7% YoY to ₹786 crore, and a dividend of ₹47 per share was declared.
• EBITDA: ₹1,161 crore, up 13% YoY and EBITDA Margin: 13.1%.
• Key Highlights: Q4 FY26 (Ended March 31, 2026)
• Revenue: ~₹8,865 crore, up 27% YoY, marking the highest-ever quarterly revenue.
• Net Profit (PAT): ₹786 crore, up 7% YoY.
• EBITDA: ₹1,161 crore, up 13.3% YoY, with margins at 13.1%.
• Segment Performance: Wires and Cables grew 30% YoY, while the FMEG (Fast-Moving Electrical Goods) segment grew 47% YoY.
• Dividend: The board declared a dividend of ₹47 per share, up from ₹35 in FY25.
• Stock Impact: Positive
• Share rose over 6% following the announcement to a new 52-week high, with brokerage HSBC raising its target price to ₹9,500.
• Full Year FY26 Performance
• Revenue: Grew 28.9% to ₹28,884 crore.PAT: Increased 32.3% to ₹2,672 crore.
• Market Share: Gained approximately 3%–4% in the domestic market during FY26.

Hexaware Technologies Q4 FY26 results: Revenue up 12.4% YoY and PAT up 6.4%

• Hexaware Technologies reported strong Q4 FY26 results, with consolidated net profit rising approximately 7.5% year-on-year (YoY) to ₹352 crore and revenue growing 12.63% YoY to ₹3,613 crore. The company achieved its highest-ever quarterly revenue, driven by strong performance in Cloud and AI services.
• Key Q4 FY26 Results Highlights (Reported May 2026):
• Net Revenue: ₹3,613.00 crore, up 3.88% sequentially and 12.63% YoY.
• Net Profit: ₹351.60 crore, up 20.58% QoQ and 7.49% YoY.
• Total Income: ₹3634.70 crores, up 13.15% YoY.
• Operating Profit: ₹570.80 crore, a 113.94% increase sequentially, highlighting improved margins.
• EBITDA stands at Rs. 592.50 crore in March 2026 up 11.33%
• Performance Drivers and Context:Growth Drivers: The company experienced significant expansion in cloud and digital transformation segments.
• Previous Quarter Comparison: The company recovered from a slight dip in Q3 FY26, showing strong sequential growth of 3.88% in Q4.
• Margins: Despite salary inflation pressures, the company maintained stable margins, with strong operating profit growth
• Share Reaction: Positive

Gravita India Q4 FY26 results: Revenue grew 13% YoY, PAT pressured on margin pressure

• Gravita India Q4 FY26 results showed a mixed performance: revenue grew 13% YoY to ₹1,173-₹1,181 crore, while net profit slightly declined (~3-3.5% YoY) to ₹91-₹92 crore due to margin pressure. Full-year FY26 saw robust 10% revenue growth and 21% PAT growth. The board announced a new ₹160 crore copper recycling plant in Gujarat.
• Key Q4 FY26 Financial Metrics (Consolidated)
• Revenue: ₹1,172.76 crore, up 13.08% YoY from ₹1,037.07 crore (Q4 FY25).Net Profit: ₹91.81 crore, a 3.28% YoY decrease from ₹94.92 crore (Q4 FY25).
• EBITDA: Reported at ₹113 crore-₹121 crore, with margins showing slight compression, falling from 11.78% in Q3 FY26 to 9.59% in Q4 FY26.
• Segment Performance: Revenue growth was driven by increased sales in recycled lead and aluminum.
• Full Year FY26 Highlights
• Annual Revenue: ₹4,265.27 crore (+10% YoY).
• Annual PAT: ₹378.33 crore (+21% YoY).
• Strategic Announcements & Corporate Updates
• Expansion: A new Green Field Copper Recycling Plant with a capacity of ~29,400 MTPA will be established in Mandvi, Gujarat, with an estimated capex of ₹160 crore, targeted for completion in 12 months.
• Subsidiary: The board approved the closure of subsidiary Recycling Infotech LLP.
• Expansion Strategy: Commissioned a 6,000 MTPA lithium-ion battery recycling plant and is expanding domestic scrap sourcing.
• Q4 Earnings Call Takeaways
• Margin Compression: Despite record quarterly sales, profit was pressured by reduced “other income” (falling from ₹11.69 cr to ₹8.86 cr) and increased operational costs.
• Operational Capacity: Total capacity reached ~4.57 lakh MTPA, with a long-term goal of over 8 lakh MTPA by FY29.
• Guidance: Management expects 20% to 25% growth, with slightly higher expectations for FY27

Share Reaction: Positive

KPIT Technologies Q4 FY26 results: Cons profit falls 33% YoY despite 12% revenue uptick

• KPIT Technologies Q4 FY26 results showed a subdued end to the fiscal year, with FY26 YoY constant currency growth at 1.3%. However, in the March 2026 quarter specifically, net profit reached ₹163 crore, with a 5.8% sequential revenue increase to ₹1,711 crore. The company declared a final dividend of ₹5.25 per share.
• Key Financial Highlights (Q4 FY26):
• Revenue: ₹1,711 Crore, up 5.8% sequentially.
• Net Profit: ₹163 Crore, showing a 22.6% increase compared to the previous quarter (Q3).
• EBITDA Margin: 18.8%, compared to 19.4% in the previous quarter, indicating a 60 basis point decline.
• Key Growth Drivers: Continued investment in AI, software-defined vehicles, and high demand in the passenger car segment.
  Key Developments: Leadership Loss: KPIT Technologies reported the sad demise of its Founder and Chairman, Ravi Pandit, on May 8, 2026.
• Contract Shift: Over 80% of new contracts are now fixed-price and outcome-based, aiming to improve margins, with plans to convert existing contracts to 75% under this model.
  Market Outlook: The company experienced a 39% decline in share price over the past six months as of early May 2026.
  Operational Performance:Employee benefit expenses rose, with costs increasing to ₹1,047 crore.The company expects FY27 to look more promising, with expected margins between 20.5% and 21.2%.
  EBITDA margin of 20.6% and a 12% YoY revenue growth (₹17.1 billion). Full-year FY26 EBITDA stood at 20.8%, with 9.4% growth over FY25, while the company maintains a robust outlook for FY27 with projected EBITDA margins of 20.5%–21.2%