Q4 FY2026 Quarterly Result Highlights of Dixon Technologies, Bharti Airtel, Kaynes Technology, Zaggle and Dynamic Cable

Dixon Technologies Q4 FY2026 results: Net profit falls 36% YoY, Revenue up 2%

• Dixon Technologies reported a 36% year-on-year decline in consolidated net profit to ₹256 crore for Q4 FY26, despite a 2.1% revenue rise to ₹10,511 crore, marking its first profit drop in 17 quarters due to lower mobile volumes and higher costs. Despite the dip, shares rose over 7% on May 13, 2026, due to optimism over a potential Vivo joint venture.
• Key Financial Results (Q4 FY26 vs Q4 FY25):
• Net Profit: Fell 36.03% to ₹256.41 crore (against ₹400.82 crore last year).
• Revenue from Operations: Rose 2.12% to ₹10,510.51 crore (from ₹10,292.54 crore).
• EBITDA reduced 8% to Rs 418 crore from Rs 454 crore  in Q4 FY25.
• EBITDA Margin: Narrowed to 3.9% (from 4.3% in the year-ago quarter).
• Dividend: The board declared a 500% dividend (₹10 per share).
• Underlying Factors: Profit decline was partly due to a large one-time gain in the previous year and higher input costs (especially chip prices) in the current quarter.
• Segment Performance: The core Mobile & Electronics Manufacturing Services (EMS) division (contributing ~90% of revenue) recorded a 4% YoY revenue increase.
• Stock Reaction: Positive. The stock gained over 9% following Q4 results.
• Market Action: Despite initial falls, the stock surged on May 13, 2026, to around ₹10,939, fueled by management commentary on deep engagement regarding a potential joint venture with Vivo.

Bharti Airtel Q4 results: Revenue up 16% YoY, PAT falls 34% YoY

• Bharti Airtel’s Q4 FY2026 results showed a 10.5% sequential rise in net profit to ₹7,325 crore, driven by strong India operations, but saw a ~34% year-on-year drop due to a high base effect. Revenue grew 16% YoY to ₹55,383 crore, with a ₹24/share final dividend declared.
• Key Financial Highlights (Q4 FY2026)
• Consolidated Revenue: ₹55,383 crore, up 16% YoY and 3% QoQ.
• Net Profit: ₹7,325 crore, up 10.5% sequentially but down 34% YoY (vs ₹11,021 crore in Q4 FY25). Airtel’s profit in the year-ago quarter was boosted by a net tax gain of Rs 2,892 crore.
• EBITDA: ₹32,038 crore, up 17% YoY.
• EBITDA Margin: 57.8%, expanding 60 basis points YoY.
• Dividend: Final dividend of ₹24 per fully paid-up equity share announced.
• Operational Highlights
• India Mobile Revenue: Increased by 8% YoY to ₹39,566 crore, with sequential growth of 1%.
• ARPU (Average Revenue Per User): Stood at ₹257 (up from ₹245 YoY, slightly down from ₹259 sequentially).
• Subscriber Base: Increased to 37.32 crore users, with 4G customer base rising to 29.68 crore.
• Africa Performance: Continued to show robust growth with a 1.1% constant currency growth sequentially.Debt: Consolidated net debt reduced to ₹1.65 lakh crore from ₹1.83 lakh crore in Q3 FY26.
• Stock Reaction: Positive

Kaynes Technology Q4 Results: Profit falls 22% YoY and Revenue up 26%

• Kaynes Technology reported mixed Q4 FY2026 results with a 26.2% YoY revenue increase to ₹1,242.6 crore but a 21.5% drop in PAT to ₹91.2 crore due to margin pressure. While annual revenue grew 33% to ₹3,626 crore, the quarter fell short of high market expectations.
• Key highlights included a massive ₹8,366 crore order book.
• Kaynes Technology Q4 FY2026 Key Financials (Consolidated)
• Revenue: ₹1,242.6 crore (up 26.2% YoY)
• PAT (Profit After Tax): ₹91.2 crore (down 21.5% YoY)
• EBITDA: ₹193.7 crore (up 15.4% YoY)
• EBITDA Margin: 15.6% (contracted from 17.1% YoY)
• Full Year FY2026 Results
• Annual Revenue: ₹3,626.4 crore (up 33.2% YoY)
• Annual PAT: ₹363.9 crore (up 24% YoY)
• Order Book: Reached ₹8,366.3 million (approx ₹8,366 crore).
• Key Highlights & Takeaways
• Growth vs. Margins: High-volume growth (26%) was achieved, but elevated raw material or operational costs pressured margins, leading to lower net profits than the year-ago period.
• Performance vs. Expectations: The company missed projections, with revenue notably lower than the expected ₹1,700 crore predicted by company guidance in previous quarters.
• Operational Expansion: The firm highlighted the launch of its OSAT facility in Sanand and ongoing capacity expansion.
• Stock Reaction: Negative. The stock hit Lower Circuit following Q4 results.

Zaggle strong Q4 FY2026 results: PAT rising 30% YoY and Revenue up 50%

• Zaggle Prepaid Ocean Services reported strong Q4 FY2026 results with consolidated net profit rising 30.6% year-on-year to ₹41 crore and revenue jumping nearly 50% to ₹618 crore, driven by robust growth in digital payments and SaaS-based expense management. The company also achieved a 62.4% EBITDA increase, reaching ₹58.3 crore.
• Key Financial Highlights (Q4 FY2026 vs. Q4 FY2025):
• Net Profit: Increased to ₹41 crore, up from ₹31.14 crore (approx 30.6% YoY).
• Revenue from Operations: Surged to ₹617.92 crore, up 49.9% from ₹412.11 crore.
• EBITDA: Rose 62.4% to ₹58.3 crore, compared to ₹35.9 crore in the same period last year.
• EBITDA Margin: Improved to 9.4%, up from 8.7% in the year-ago quarter.
• Earnings Per Share (EPS): Increased to ₹3.02 in March 2026, up from ₹2.32 in March 2025.
• Annual Performance (FY26):Annual Revenue: Grew 46.3% to ₹19,076 million. Annual Profit (PAT): Increased by 51.8% to ₹1,388 million.
• Operational Highlights & Outlook: Zaggle achieved its third consecutive quarter of record financial results. The growth was driven by deepening penetration of its SaaS-based expense management and employee benefits platforms, such as Zaggle Save and Propel. The company reported strong performance in its proprietary fintech ecosystem.

Dynamic Cable Q4 FY26 Result: Steady Quarter, Modest YoY

• Q4 FY26 revenue came in at Rs. 355.46 crore, up 7.4% from Rs. 331.18 crore in Q4 FY25, a softer year-on-year rate than the full-year pace, partly because Q4 FY25 was itself a strong quarter.
• PAT for Q4 stood at Rs. 24.17 crore, up 2.6% from Rs. 23.56 crore.
• Sequentially, Q4 FY26 revenue improved from Q3 FY26’s Rs. 298.77 crore, and PAT was broadly comparable to Q3’s Rs. 22.42 crore.
• For the full financial year 2025-26, the company posted a 17% YoY growth in revenue at ₹1,198 crore, while net profit rose 30% YoY to ₹84 crore from ₹64.8 crore reported in the previous year.
• Total capex outflow for FY26 was Rs. 57.41 crore, the largest single year of investment in the company’s visible history. The company operates three manufacturing plants in Jaipur and Reengus, and the CWIP suggests another facility or line expansion is underway.
• Trade receivables rose from Rs. 236.75 crore to Rs. 287.88 crore in absolute terms, though debtor days improved from 106 to 84 days on the back of higher revenue, an operational positive. Inventories grew from Rs. 149.64 crore to Rs. 172.79 crore, consistent with the revenue trajectory. 
• ROCE stands at 26.4 percent among the higher return profiles in the mid-cap cable sector.
• The company’s order book stood at ₹808 crore at the end of Q4FY26, higher than ₹787 crore reported in Q3FY26.
• During FY26, the company said it launched FR-LSH and HR-FRLSH housing wires for the B2B segment, received PGCIL approval for ACSR and AL-59 conductors, and entered into a technical partnership with TS Conductor Corp, USA, to manufacture and market HTLS carbon core conductors.
• Share Reaction: Negative. Dynamic Cables share plunges 20% after Q4 results.