Q4 FY2026 Quarterly Result Highlights of CDSL, Coforge, Hero MotoCorp, Zen Technologies, APL Apollo Tubes, Netweb Technologies and Marico

CDSL Q4 FY26 results: Revenue 17% up, PAT decline 20% YoY

• CDSL announced its Q4 FY26 results, reporting a 20% YoY decline in consolidated net profit to ₹80 crore despite a 17% rise in revenue to ₹263-268 crore. The results indicate a “margin squeeze” due to rising operational costs, though the company celebrated a milestone of 18 crore+ demat accounts. A dividend of ₹12.75 per share was declared.

• Key Q4 FY26 Results Highlights (Consolidated):
  Net Profit: ₹80 crore, down 20% YoY from ₹100 crore in Q4 FY25.
  Total Income: ₹268 crore, up ~5% YoY (vs ₹256 crore in Q4 FY25).
  EBITDA Margin: Declined to 44.41% from 48.7%.
• Key Milestone: First depository to reach 18 crore+ demat accounts, up from 15.30 crore as of March 31, 2025.
• Full Year FY26 Performance:
  FY26 Net Profit: ₹455 crore, down from ₹526 crore in FY25.FY26
  Total Income: ₹1,239 crore, up from ₹1,199 crore in FY25.
• Key Drivers:
  Margin Pressures: Increased operating expenses offset revenue gains from increased market participation.
  Market Growth: Continued increase in demat accounts, despite high operational costs affecting net income .The company results suggest strong revenue growth linked to high trading volumes, but profitability was impacted by higher costs during the quarter.
• Share Movement : Positive

Coforge Q4 FY26 result Strong: Revenue up 30%, 145% up in PAT earnings

• Coforge shares jump 8% after Q4 beats Street, brokerages raise estimates on strong order book. Coforge stock jumped more than 8 percent today after the company’s Q4 results beat expectations. Brokerages largely remained positive on the stock, citing strong margins, improving cash flows and a healthy order book pipeline.
• Coforge shares jumped 8 percent after strong Q4 FY26 earnings
  Net profit rose 145 percent to Rs 612 crore, beating estimates
• Strong Q4 FY26 performance, with net profit jumping 145 percent year-on-year to Rs 612 crore.
• Revenue rose 30 percent to Rs 4,450 crore, while EBITDA margin expanded to 16.6 percent, against 14.6 percent estimated by the Street.
• Q4 EBITDA: ₹916.8 crore, marking a 56.2% increase YoY.
  Q4 EBITDA Margin: 16.6% (Some sources reported 20.6% using different calculation methodologies).
  Full Year FY26 EBITDA: ₹3,046.4 crore, a 76.9% increase from ₹1,722.9 crore in FY25.
  Q4 Revenue: ₹4,450.4 crore, up 30% YoY and 5.16% sequentially.
  Q4 Net Profit (PAT): ₹612.3 crore, up 144.8% QoQ.
• Coforge also reported an order intake of $648 million and signed five large deals during the quarter, while its executable order book for the next 12 months rose 16.4 percent year-on-year to $1.75 billion. CEO Sudhir Singh said the company entered FY27 with strong momentum after delivering 29.2 percent year-on-year growth and a 370 basis points expansion in EBIT margin.

Hero MotoCorp stellar Q4 FY26 results: Revenue up 29% and PAT up 30% YoY

• Hero MotoCorp reported stellar Q4 FY26 results (ended March 2026), with a 30% YoY rise in net profit to ₹1,401 crore and a 29% surge in revenue to ₹12,797 crore. The company declared a final dividend of ₹75 per share, with volumes increasing 24% to 17.14 lakh units, driven by strong premium and electric vehicle (VIDA) sales.
• Key Q4 FY2026 Highlights
• Net Profit: Increased 29.6% year-on-year to ₹1,401 crore.
• Revenue: Rose 28.8% to ₹12,797 crore, driven by robust domestic demand and premiumization.
• EBITDA: Up 31% to ₹1,856 crore with an operating margin of 14.5%
• Volume: Total units sold increased 24% to 17.14 lakh compared to 13.81 lakh in Q4 FY25.
• Dividend: Final dividend of ₹75 per share approved, with a record date of July 24, 2026.
• Full Year FY2026 Performance
• Net Profit: Grew 14% to a record high of ₹5,268 crore.
• Revenue: Grew 15% to a record high of ₹46,830 crore.
• Global Business: Grew 40% YoY, expanding to 52 countries.
• EV Segment: VIDA brand sales saw a ~190% growth, with total investment in the ecosystem including a ₹720 crore infusion into Euler Motors.
• Key Takeaways
• Premiumization & EV: Strong performance was powered by the success of the Harley-Davidson X440 T and expanded VIDA EV sales.
• Dividend Payout: Total dividend for the year reached ₹185 per share.
• Future Outlook: Management is optimistic on demand due to strong rural recovery, positive consumer sentiment, and ongoing electrification.
• Share Movement : Positive

Zen Technologies Q4FY26 results: Revenue down 42% and PAT down 68%

• Zen Technologies reported its Q4FY26 results, posted net profit year-on-year (Y-o-Y) of ₹31.53 crore, as compared to ₹101.04 crore a year ago, down 68.7 per cent. On a sequential basis, the profit fell 42 per cent.
• Its total revenue came in at ₹200.78 crore, as compared to ₹349.74 crore a year ago, down 42.5 per cent. On a quarter-on-quarter (Q-o-Q) basis, the revenue slipped 3.7 per cent.
• The company’s Earnings before interest, tax , depreciation and amortisation (Ebitda) stood at ₹73.69 crore, as against ₹162.74 crore Y-o-Y. The total order Book as of March 31, 2026, stood at ₹1336.04 crore.
• The company’s net profit dropped 68.8% to ₹31.5 crore in Q4, compared with ₹101.1 crore in the same period last year.
• Revenue also declined 45.2% year-on-year to ₹178.1 crore, down from ₹324.9 crore in the corresponding quarter a year ago.
• Operating performance weakened during the quarter. EBITDA fell 63.1% to ₹51 crore from ₹138 crore last year. EBITDA margins narrowed to 28.6%, compared with 42.5% in the year-ago period.
• The decline reflects a broad-based contraction across key financial indicators for the quarter.
• “FY26 financial performance was muted relative to FY25, a trajectory we have communicated earlier to our investors and stakeholders. What the headline numbers do not capture is the structural transformation that took place over the last 2 years: Zen ended FY26 as a defence company with five capabilities that are ready to be offered to the Armed Forces — training simulation and systems, counter drone solutions, automated weapons stations, combat robotics, and drones. The recent expansion of our product portfolio dovetails to the actual war needs as amplified by recent wars, including the Iran war,” said the company’s management. 
• Share Movement : Negatives

APL Apollo Tubes Q4 FY2026 Result: Net profit up 20.9% YoY, Revenue up 14%

• APL Apollo Tubes’s revenue increased 13.8% YoY to ₹6,269.2 crore from ₹5,508.6 crore.
• Operational performance remained robust, with EBITDA climbing 23.9% YoY to ₹511 crore versus ₹413 crore a year ago, according to the exchange filing.
• EBITDA margins improved to 8.2% from 7.5% in the corresponding quarter, reflecting better operating efficiency.
• Sales volume grew 9% year-on-year and was up 1% sequentially, indicating steady demand momentum during the quarter.
• The board has recommended a final dividend of ₹8.50 per equity share of face value ₹2 for FY26, subject to shareholder approval. The company said the dividend will be credited or dispatched within 30 days of declaration, with record date details to be announced separately.
• On the corporate front, the board has approved the liquidation of its non-operational subsidiary APL Apollo Mart. It has also cleared the divestment of its stake in Blue Ocean Projects as part of ongoing portfolio rationalisation.
• Share Movement : Negative. Shares ended lower by 3.03%

Netweb Technologies strong Q4 FY2026 Result: Revenue up 86% and PAT up 65% Yo

• Netweb Technologies reported exceptionally strong financial results for Q4 FY2026 and the full fiscal year, driven by a massive surge in demand for AI and high-performance computing (HPC) infrastructure.
• Key Highlights of Q4 FY2026 (Quarter Ended March 31, 2026)
  Revenue: ₹773.7 crore, up 86.6% year-on-year (YoY).Net Profit (PAT): ₹70.59 crore, up 65.7% YoY.Operating EBITDA: ₹96.57 crore, up 63% YoY.AI Segment Growth: Revenue from AI systems increased by 459.6% YoY in FY26, becoming a major growth driver.Full Year (FY2026) PerformanceRevenue: ₹2,183.6 crore, rising 90% YoY.Net Profit (PAT): ₹205.8 crore, up 80.9% YoY.AI Revenue Contribution: AI systems contributed 43.4% of the total revenue in FY26, up from 15% in FY25.Dividend: The board declared a dividend of ₹3 per share.Operational HighlightsOrder Book: The company reported a healthy order book of ₹472 crore as of March 31, 2026, ensuring strong revenue visibility for FY27.Debt Status: Netweb remains debt-free with a net free cash balance of ₹83.3 crore.Growth Drivers: Strong demand from government (42.8% of revenue) and non-government clients (57.2%) for GPU clusters and AI-optimized servers.Note: Despite the strong results, some analysts noted a slight sequential (QoQ) decline in revenue and profit following a very high Q3, causing a 6-7% dip in share price on May 4, 2026.
• Share Movement : Positive

Marico Limited Q4 FY2026 results  strong : Revenue up 22% YoY and PAT up 14% YoY

• Marico Limited reported strong Q4 FY2026 results (ended March 31, 2026), featuring a 22% year-on-year (YoY) increase in revenue to ₹3,333 crore and a 14% YoY increase in net profit (PAT) to ₹391 crore. 
• Key highlights include a 9% volume growth in the India business, driven by market share gains and a sharp recovery in demand, leading to a record high for the stock.
• Key Financial Results (Q4 FY2026):
• Revenue: ₹3,333 crore, rising 22% YoY, driven by strong growth in both domestic and international markets.Net Profit: ₹391 crore, up 14% YoY, matching market expectations.
• Volume Growth: The India business witnessed a 9% volume increase, with over 95% of the portfolio gaining or sustaining market share.
• Dividend: A final dividend of ₹4.00 per equity share was recommended.
• Margin Performance: The EBITDA margin declined to 15.6% from 16.8% a year ago due to elevated input costs, though the company expresses comfort with future margins as copra prices have recently reduced from their peak.
• Full Year (FY26) Performance:
• Total Revenue: Surpassed ₹13,600 crore, demonstrating robust annual growth.Profitability: The company demonstrated a strong, consistent trajectory in profitability over the year.Key Drivers:Volume Recovery: The company reported its fastest volume growth in 7 years.Diversification: Significant growth in premium and digital-first brands, along with acquisitions like 4700BC and Cosmix.International Business: Continued to show resilience and growth despite supply chain challenges in the Middle East.
• Share Movement : Positive