Q4 FY2026 Quarterly Result Highlights of Amber Enterprises, Apollo Tyres, Muthoot Finance, Devyani International and Vishal Mega Mart

Amber Enterprises Q4 FY2026 results: Net profit up 15% YoY, Revenue up 11%

• Amber Enterprises reported its Q4 FY26 financial results, revealing a consolidated net profit of ₹134 crore (a 15.3% YoY increase) and a total revenue of ₹4,147 crore (a 10.5% YoY increase). The company’s strong top-line and bottom-line growth was primarily driven by diversification into high-margin electronic components.
• Q4 FY26 Revenue from Operations: ₹4,147 crore, up 10.5% YoY from ₹3,753.7 crore.
• Consolidated Net Profit: ₹134 crore, up 15.3% YoY from ₹116 crore.
• EBITDA: ₹358.2 crore, registering a 21.5% YoY increase from ₹294.7 crore.
• EBITDA Margin: Expanded to 8.6%, up from 7.9% in the same quarter last year.
• Division-Wise Revenue Performance:
• Amber Enterprises continued its strategic expansion into non-RAC (Room Air Conditioner) sectors. The quarterly revenue breakdown highlights the rising importance of electronics and specialized components:
• Consumer Durables (RAC/Components): ₹8,383 crore (Full Year), up 14% YoY.
• Electronics Division: ₹3,268 crore (Full Year), up 49% YoY.
• Railway Sub-systems & Defense Division: ₹535 crore (Full Year), up 19% YoY.
• Operational & Strategic Updates
• Profit Exceeded Estimates: The Q4 net profit of ₹134 crore beat Street estimates (which sat around ₹129 crore).
• Acquisitions & Expansion: Management highlighted successful strategic buyouts to continuously boost the Electronics division.
• Order Book: The company secured a strong defense and railway order book worth ₹2,600 crore.
• Revenue from the consumer durable segment rose 6% year-on-year, while the electronics division and railway sub-system business reported growth of 21% and 22%, respectively.
• On the margin front, the consumer durable segment saw margins decline 40 basis points to 7.2%. Margins in the electronics division expanded sharply by 480 basis points to 10.8%, while margins in the railway sub-system business declined due to a higher base effect.
• Overall EBITDA margin improved 70 basis points year-on-year to 8.6%, ahead of the Street estimate of 7.8%. The company also reported its highest EBITDA margin in the last 20 quarters.
• Stock Reaction: Negative. The stock fell 15% following Q4 results.

Apollo Tyres reported its Q4 FY26 results: Net profit doubled, Revenue up 14% YoY

• Apollo Tyres reported its Q4 FY26 results delivering a consolidated net profit of ₹630.97 crore (a 242% year-over-year surge) and revenue of ₹7,336 crore (a 14% YoY increase).
• Growth was heavily driven by robust domestic performance in India and solid vehicle replacement demand across both Indian and European markets.
• Key Financial HighlightsRevenue from Operations: ₹7,335.67 crore, up 14.19% from ₹6,423.60 crore in Q4 FY25.
• Net Profit (PAT): ₹630.97 crore, compared to ₹184.62 crore in the corresponding quarter last year.
• EBITDA: Rose 28% YoY to ₹1,069 crore, with EBITDA margins expanding to 14.6% (up from 13% the previous year).
• Full-Year FY26: Total annual revenue grew 9% YoY to ₹28,471 crore, while full-year net profit increased 22.3% YoY to ₹1,372 crore.
• Dividend: The board recommended a final dividend of ₹2.50 per equity share (face value of ₹1). Combined with the interim dividend of ₹3.50 paid earlier in the year, the total dividend for FY26 stands at ₹6 per share.
• Divisional & Strategic Performance
• Regional Growth: Both the India/APMEA region and the European operations registered roughly 15% YoY growth during the quarter.
• Debt Reduction: The company registered a significant ₹900 crore YoY reduction in consolidated net debt, bringing the total down to ₹1,600 crore, significantly improving financial flexibility.
• Premiumization: The company’s Ultra High Performance (UHP) tire mix reached 50% in its European operations, reflecting its ongoing focus on premium segment growth.
• Stock Reaction: Negative
• 19 May 2026 Apollo Tyres ICICI Direct  Target=425
• Citi Buy rating on the stock with a target price of Rs 540

Muthoot Finance Q4 FY26 Results: net profit doubles, Revenue up 65% YoY

• Muthoot Finance reported stellar Q4 FY26 earnings, with consolidated net profit surging 135% year-on-year (YoY) to ₹3,397.48 crore and total revenue rising 65% YoY to ₹9,291.36 crore. The stellar performance was primarily driven by robust growth in the core gold loan business amid soaring gold prices.
• Q4 FY26 Key Financial Highlights
• Net Profit: Consolidated profit after tax (PAT) soared to ₹3,397 crore (up 135% YoY), while standalone PAT reached ₹3,086 crore (up 105% YoY).
• Revenue: Total consolidated income rose to ₹9,291.36 crore, a 65.1% YoY increase from ₹5,627.37 crore in Q4 FY25.
• Assets Under Management (AUM): Consolidated loan AUM reached ₹1.82 trillion, a 49% YoY jump. The core gold loan AUM alone grew 54% YoY to ₹1,65,030 crore.
• Operating Margins: Operating margins improved to an impressive 83.55%.
• Operational & Strategic Updates
• Active Customer Base: Despite the massive AUM growth, the number of active customers dropped roughly 2% sequentially. Management attributed this to a strategic shift where lower-ticket borrowers (loans below ₹30,000) exited the system, offset by an increase in higher-ticket customers.
• Expansion: Backed by sustained demand and higher loan-to-value (LTV) ratios, the company plans to open 300 new branches.
• Stock Reaction: Negative. The stock down 6% following Q4 results.

Devyani International strong Q4 FY26 results: Revenue up 18.5% YoY, Loss reduced significantly

• Devyani International reported strong Q4 FY26 results with consolidated revenue from operations at Rs 1,436.86 crore, an 18.5% year-on-year increase.
• The company’s net loss narrowed to Rs 9.84 crore compared to a loss of Rs 16.76 crore in Q4 FY25.
• Operating Margins: The operating margin stood flat QoQ at 15.34%.
• Brand Performance: KFC stood out as the strongest performer, marking positive same-store sales growth (SSSG) of 4.9% and nearly 15% YoY revenue growth.
• Expansion: During FY26, the company focused on expanding its own brands (such as Biryani By Kilo, Vaango, and Goila Butter Chicken), adding 121 units compared to just 9 new Pizza Hut outlets.
• For the financial year 2026, Devyani International’s total income rose by 13.4% year-on-year, amounting to ₹5,656.59 crore compared to ₹4,988.04 crore in the previous year.
• Operating Profit (EBITDA): Stood at Rs 232.11 crore, a 16.43% YoY increase.
• Operating Margin: Remained flat at around 15.34%.
• Store Expansion: The company aggressively expanded its network to 2,256 global outlets, adding a net total of 217 new stores throughout FY26.
• Brand Portfolio: As the largest franchisee for Yum! Brands in India, operations for KFC, Pizza Hut, and Costa Coffee continue to be primary revenue drivers alongside new additions like Biryani By Kilo.
• Stock Reaction: Positive.

Vishal Mega Mart strong Q4 FY26 results: net profit surging 46% YoY, Revenue up 22%

• Vishal Mega Mart reported strong Q4 FY26 results with consolidated net profit surging 45.9% year-on-year (YoY) to Rs 167.92 crore, and revenue from operations rising 22.2% YoY to Rs 3,114.03 crore.
• Net Profit: Rs 167.92 crore, up 45.9% compared to Rs 115.12 crore in Q4 FY25.
• Revenue (Q4): Rs 3,114.03 crore, an increase of 22.2% YoY.
• EBITDA: Rs 424.76 crore, marking an 18.9% YoY growth.
• EBITDA Margin: 13.6%, which compressed slightly from 14% in the year-ago period due to higher operating and expansion costs.
• Annual Net Profit: Reached Rs 839.27 crore for the full FY26, a 32.8% increase YoY.
• Annual Revenue: Rose 20.4% YoY to Rs 12,906.32 crore.
• Expansion: The value retail chain added 105 gross stores during the fiscal year, reaching a total footprint of 795 stores across 535 cities.
• Share Reaction: Neutral