Q4 results 2026: As the earnings season enters its fourth week, nearly 270 companies are set to announce their financial results for the quarter ending March 31, 2026.
Bharat Heavy Electricals (BHEL), Larsen & Toubro (L&T), Mahindra and Mahindra (M&M), Hero Motocorp, Bajaj Auto, and One 97 Communications (Paytm) are among the marquee companies to declare their next week.
“On the domestic front, the Q4 FY26 earnings season will gather pace, with several key companies across sectors scheduled to report results,” said Ajit Mishra, SVP, Research, Religare Broking.
The Indian stock market ended in a negative territory on Thursday, April 30. The 30-share Sensex dropped 583 points, or 0.75%, to close at 76,913.50, while the Nifty 50 slipped 180 points, or 0.74%, to settle at 23,997.55. Meanwhile, the BSE 150 Midcap and BSE 250 Smallcap indices declined by 1% and 0.50%, respectively.
L&T Q4 results preview
Brokerage firm Motilal Oswal expects ‘s consolidated revenue growth of 17% YoY, led by 19% YoY revenue growth for Core E&C. Meanwhile, the firm anticipates EBITDA margin to contract 30bp YoY to 9.6% for Core E&C to factor in the current disruption in work at some locations in the Middle East.
“Key monitorables include execution of order book in the Middle East, potential to reconstruct post the war, ramp-up in domestic ordering, margin performance, and NWC. We cut our estimates to factor in the revised financials of IT subsidiaries, which are hit by AI-led disruptions,” the firm said in a note.
M&M Q4 results preview
Brokerage firm Kotak Institutional Equities estimates ‘s to post a 22% YoY increase in revenues in 4QFY26, led by – 18% yoy increase in automotive segment revenues,—20% yoy increase in volumes driven by LCV and SUV segments and 34% yoy increase in tractor segment revenues driven by 37% yoy increase in volumes.
“We expect overall EBITDA margin to decline by 40 bps yoy, led by (1) commodity headwinds and (2) higher mix of EVs, partly offset by (1) operating leverage benefit and (2) cost-control measures. We are building in the automotive EBIT margin of 9.4% in 4QFY26 versus 9.2% in 4QFY26FY25. In addition, we are building tractor segment EBIT margin to improve by 70 bps yoy to 19.8% due to operating leverage benefits. Overall, we expect EBITDA to grow by 18% on a yoy basis in 4QFY26,” the firm said.
Paytm Q4 results preview
MOFSL expects Paytm to post a flat revenue growth in the March quarter. The firm further anticipates the contribution margin to remain steady at 56%.
“GMV growth likely to remain healthy (4% QoQ). Expect a steady addition in merchants,” it said.
Here’s a complete list of companies to declare their Q4 results from 4 May to 9 May –
4 May
5 May
6 May
7 May
8 May
9 May
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.