Q4 Result 2025: The fiscal fourth quarter earnings season is in its full throttle with a number of large cap, mid cap and small cap companies already having released their Q4 numbers. IT majors like Tata Consultancy Services (TCS), Infosys, Wipro, HCL Tech, Tech Mahindra, and other firms including Reliance Industries, Paytm, Coal India, Vedanta, Zomato, SBI, HDFC Bank, Maruti Suzuki India, M&M, Dabur India, HUL, Nestle India, Marico, BPCL, HPCL, IOCL, UltraTech Cement, among others, have released their Q4 results.
Today, companies like Titan Company, Larsen & Toubro, Biocon, Pidilite Industries, Asian Paints, Britannia Industries, Canara Bank, Bharat Forge, Kalyan Jewellers India, REC, Union Bank of India, Zee Entertainment Enterprises, Muthoot Microfin, Sula Vineyards, Suryoday Small Finance Bank, Jindal Stainless, Escorts Kubota, IIFL Finance, Ceigall India, Hindustan Construction Company, DB Corp, IRB InvIT, among a few others are queued up to release their quarter performance report.
An analysis report by Nuvama stated, “We forecast Q4FY25 top-line growth will be 6 per cent YoY for our coverage universe (ex OMCs)—versus 8 per cent YoY in Q3FY25. This is likely to be the 8th straight quarter of sub 10 per cent top-line growth. While the top line has been subdued in both FY24 and FY25, the mix is different. In FY24, exports and low-end consumption weakened, whereas in FY25 BFSI, discretionary consumption and capex slowed.”
In terms of sectors, per Nuvama, top line is likely to be: i) good (> 15 per cent YoY) in EMS, internet, NBFCs, QSR, consumer services; ii) moderate (10–15 per cent YoY) in durables, FMCG, pharma, retail, industrials, non-lending financials; and iii) weak (< 10 per cent YoY) in IT, banks, metals, energy, paints, cement.
Live Updates
Jindal Stainless Q4 Results 2025 Live Updates: Abhyuday Jindal on company performance
Abhyuday Jindal, Managing Director, Jindal Stainless, said, “The early commissioning of our NPI facility in Indonesia, the full acquisition of Chromeni Steels to enhance the proportion of our cold rolled products, and our strategic investment in M1xchange have all strengthened our value chain from end to end, ensuring raw material security, product diversification, and a bold step toward digital leadership. As we accelerate green hydrogen adoption, innovate new products and grades for sustainable logistics, infrastructure and industries, scale renewable energy supply, and lead with transparent ESG disclosures, we are not just focused on manufacturing stainless steel, but also forging a wholesome, tech-enabled, and Atmanirbhar future for India.”
Jindal Stainless Q4 Results 2025 Live Updates: Final dividend announcement
The Board of Directors of JSL recommended a final dividend payment of Rs 2 for FY25 subject to approval of shareholders, taking the total dividend payment to Rs 3 i.e. 150 per cent per equity share with a face value of Rs 2 each.
Jindal Stainless Q4 Results 2025 Live Updates: Key highlights for FY25
Standalone performance:
● Sales volume at 23,73,070 tonnes, up by 9% YoY
● Net revenue at Rs 40,182 crore, up by 5% YoY
● EBITDA at Rs 3,905 crore, down by 3% YoY
● PAT at Rs 2,711 crore, up by 7% YoY
Consolidated performance:
● Net revenue at Rs 39,312 crore, up by 2% YoY
● EBITDA at Rs 4,667 crore, similar to last year
● PAT at Rs 2,500 crore, down by 7% YoY
Jindal Stainless Q4 Results 2025 Live Updates: Profit rises by 17.84%
Jindal Stainless Ltd on Thursday released its fiscal fourth quarter earnings report with profit at Rs 589.96 crore, posting a growth of 17.84 per cent in comparison to Rs 500.65 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 10,198.32 crore, recording a rise of 7.87 per cent as against Rs 9,454.02 crore reported during the fourth quarter of previous financial year. The company EBITDA was up 2.6 per cent YoY at Rs 1,061 crore.
Kalyan Jewellers Q4 Results 2025 Live Updates: Ramesh Kalyanaraman on company performance
Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited, said, “We had an excellent start to the current financial year despite continuing volatility in gold prices carrying forward the momentum in business from the previous financial year. We witnessed robust growth in our Akshaya Tritiya sale this year and we continue to see encouraging momentum in consumer demand, especially around the wedding purchases during the current quarter.”
Kalyan Jewellers Q4 Results 2025 Live Updates: Final dividend announcement
The company board recommended a final dividend of Rs 1.50 (15 per cent) per equity share of Rs 10 each for the financial year ended March 31, 2025, subject to the approval of the members at the ensuing Annual General Meeting of the Company.
Kalyan Jewellers Q4 Results 2025 Live Updates: Profit rises by 36.45% to Rs 187.61 crore
Kalyan Jewellers India Ltd on Thursday released its fiscal fourth quarter earnings report with profit at Rs 187.61 crore, posting a growth of 36.45 per cent in comparison to Rs 137.49 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 6181.53 crore, up 36.61 per cent as against Rs 4525.01 crore reported during the fourth quarter of previous financial year. The company EBITDA stood at Rs 399.3 crore, up 34.8 per cent YoY.
Escorts Kubota Q4 Results 2025 Live Updates: Final dividend announcement
The company board recommended the final dividend of Rs 18 (180 per cent) per fully paid-up equity share of Rs 10 each for the financial year 2024-25, subject to the approval of shareholders at the ensuing Annual General Meeting. “The Final Dividend, if declared, shall be paid to all the eligible shareholders as on record date to be fixed for that purpose and to be announced later. The total dividend (including the interim dividend) for the financial year would be Rs 28 (280 per cent) per fully paid-up equity share of Rs 10 each,” the company said in a regulatory filing.
Escorts Kubota Q4 Results 2025 Live Updates: Profit rises by 17.94%, beats estimates
Escorts Kubota Ltd on Thursday released its fiscal fourth quarter earnings report with profit at Rs 318.42 crore, surpassing estimates. This was 17.94 per cent higher in comparison to Rs 269.98 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 2,444.88 crore, up 6.27 per cent as against Rs 2,300.66 crore recorded during the fourth quarter of previous financial year.
According to a CNBC TV18 poll, Escorts Kubota was expected to report Q4 profit at Rs 214 crore and revenue for the period was estimated at Rs 2,442 crore.
Asian Paints Q4 Results 2025 Live Updates: Amit Syngle on company performance and growth outlook
Amit Syngle, Managing Director & CEO of Asian Paints Limited, said, “The weak demand conditions prevalent for the past few quarters continued to affect the paint industry even in the last quarter of the financial year. The demand for decorative coatings was only marginally better than in the third quarter. The domestic decorative business registered a volume growth of 1.8%, but standalone revenues declined by 5%. The adverse mix and overall lower revenues impacted the quarter’s operating margins on a year-on-year basis. The industrial business fared relatively better, growing by 6.1%, aided by growth in the General Industrial and Automotive coatings segments.”
“While the overall macroeconomic environment remains uncertain, we are cautiously optimistic about a recovery in demand conditions and continue to work diligently on leveraging our brand strength and driving operational efficiencies to pursue growth,” he added.
Asian Paints Q4 Results 2025 Live Updates: Key highlights for FY25
– Consolidated Net Sales decreased by 4.5% to Rs 33,797.4 crore from Rs 35,382.1 crore.
– PBDIT decreased by 20.8% to Rs 6,006.2 crore from Rs7,585.0 crore.
– PBDIT Margin as % to Net Sales at 17.8% from 21.4% in the previous year.
– Profit before exceptional items and tax decreased by 25.6% to Rs 5,466.2 crore from Rs 7,347.8 crore.
– Exceptional item of Rs 363.1 crore is an aggregate representing impairment loss of Rs 201.8 crore on ‘Goodwill on Consolidation’ and other Intangible assets recognized on White Teak, impairment loss of Rs 21.5 crore on ‘Goodwill on Consolidation’ recognized on acquisition of Causeway Paints, Sri Lanka, loss on disposal of Rs 83.7 crore in PT Asian Paints Indonesia & PT Asian Paints Color Indonesia, and foreign exchange loss of Rs 56.2 crore pertaining to our subsidiary in Ethiopia.
– Net Profit after minority interest decreased by 32.8% to Rs 3,667.2 crore from Rs 5,460.2 crore.
Asian Paints Q4 Results 2025 Live Updates: Final dividend announcement
The board of directors of Asian Paints recommended payment of final dividend of Rs 20.55 per equity share of the face value of Re 1 each for the financial year ended 31st March 2025. The total dividend for FY25, aggregates to Rs 24.80 per equity share of the face value of Re 1 each including the interim dividend of Rs 4.25 per equity share as approved by the Board of Directors at their meeting held on 9th November 2024, which was paid thereafter. “The Company has fixed Tuesday, 10th June 2025 as the Record Date for determining the entitlement of members to the final dividend for the financial year ended 31 st March 2025. The dividend, if approved by the shareholders will be paid on or after Monday, 30th June 2025,” it said in a regulatory filing.
Asian Paints Q4 Results 2025 Live Updates: Profit dips by 44.93%
Asian Paints Ltd on Thursday released its fiscal fourth quarter earnings report with profit at Rs 692.13 crore, posting a drop of 44.93 per cent per cent in comparison to Rs 1256.72 crore reported during the corresponding quarter of FY24. It posted revenue from operations at Rs 8329.59 crore, reporting a decline of 4.27 per cent as against Rs 8701.46 crore recorded during the fourth quarter of previous financial year.
Bharat Forge Q4 Results 2025 Live Updates: Final dividend announcement
The company board recommended a final dividend of Rs 6.00 per equity share of the face value of Rs 2 each of the company (at the rate of 300 per cent) for the financial year ended March 31, 2025. The final dividend, if approved by the members, will be paid on or after Tuesday, August 12, 2025.
Bharat Forge Q4 Results 2025 Live Updates: Profit rises by 19.52% even as revenue dips 7.48%
Bharat Forge Limited on Thursday released its fiscal fourth quarter earnings report with profit at Rs 282.00 crore, posting a growth of 19.52 per cent in comparison to Rs 235.95 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 3852.60 crore, down 7.48 per cent as against Rs 4164.21 crore recorded during the fourth quarter of previous financial year.
Canara Bank Q4 Results 2025 Live Updates: Dividend announcement
The Bank’s board of directors has recommended a dividend of Rs 4 per equity share (i.e. 200 per cent of face value of Rs 2 per share) for the year ended on 31.03.2025 subject to requisite approvals.
Canara Bank Q4 Results 2025 Live Updates: Network presence
As on 31.03.2025, the Bank has 9849 number of branches, out of which 3139 are rural, 2900 semi urban,1944 urban and 1866 metro along with 9579 ATMs. The Bank also has 4 Overseas branches in London, New York, Dubai & IBU Gift City.
Canara Bank Q4 Results 2025 Live Updates: Asset quality
Gross Non-Performing Assets (GNPA) ratio improved at 2.94 per cent as at March 2025 reduced from 3.34 per cent as at December 2024, 4.23 per cent as at March 2024.
Net Non-Performing Assets (NNPA) ratio improved to 0.70per cent as at March 2025 reduced from 0.89 per cent as at December 2024, 1.27 per cent as at March 2024.
Provision Coverage Ratio (PCR) stood at 92.70 per cent as at March 2025 against 91.26 per cent as at December 2024, 89.10 per cent as at March 2024.
Canara Bank Q4 Results 2025 Live Updates: Profit rises by 33.15%, NII at Rs 9,442 crore
Canara Bank on Thursday released its fiscal fourth quarter earnings report with standalone profit at Rs 5,002.66 crore, posting a growth of 33.15 per cent in comparison to Rs 3,757.23 crore recorded during the corresponding quarter of FY24. The net interest income (NII) stood at Rs 9,442 crore, down 1.4 per cent as against Rs 9,580 crore reported during the fourth quarter of previous fiscal year.
DB Corp Q4 Results 2025 Live Updates: Profit drops by 57.29%
DB Corp Ltd on Thursday released its fiscal fourth quarter earnings report with profit at Rs 52.33 crore, posting a fall of 57.29 per cent in comparison to Rs 122.53 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 547.66 crore, down 11.26 per cent as against Rs 617.14 crore recorded during the fourth quarter of previous financial year. The company EBITDA stood at Rs 82.4 crore, down 52 per cent on-year.
Vedant Fashions Q4 Results 2025 Live Updates: Cautious sentiment prevails, says Elara Securities
Vedant Fashions’ Q4 performance was a miss on revenue, EBITDA and PAT fronts by 7.1%, 11.8% and 11.4%, respectively. Lower revenue coupled with higher-than-expected other expenses dragged down overall performance. Elara Securities said, “We remain cautious as regards growth, given subdued demand and softer store expansion plan in the near term. We cut our earnings estimates taking into consideration increased competition, lower addition in retail space, and muted consumer sentiment.”
The brokerage firm added, “We pare our earnings estimates by 13.0% for FY26E, and by 13.7% for FY27E to account for subdued demand and lower space addition. So, we lower our TP to Rs 960 from Rs 1,108, based on 50x (maintained) FY27E P/E. We introduce FY28E estimates. The management will prioritize like-for-like (LFL) growth while adopting a cautious and strategic approach to new store expansion. We expect the balance sheet to remain strong and ROCE to sustain above 20%.”
Q4 Results 2025 Live Updates: L&T to release Q4 results tody
Larsen & Toubro (L&T) will release its fiscal fourth quarter earnings report today (May 08). According to a CNBC TV18 poll, L&T is expected to post Q4 profit at Rs 5024 crore and revenue for the quarter in review is estimated at Rs 77,745 crore. Investors and market participants will keep an eye on Q4 margins and margin guidance for FY26. Analysts are expecting approximately 5-10 per cent growth in order inflow.
Coal India Q4 Results 2025 Live Updates: Coal offtake growth remains crucial, says Axis Securities
CIL’s FY25 coal offtake grew by only 1% YoY to 763 MT. Coal production grew by 1% YoY to 781 MT against the target of 838 MT. Axis Securities said, “CIL has a coal production target of 868 MT/1 BT for FY26/27 respectively, but we model lower offtake at 810/851 MT for FY26/27, anticipating rising captive coal share and lower thermal PLFs. In Apr’25, both coal production and offtake stood weak at 62.1 MT (up only by 0.5% YoY) and 63.4 MT (down 1.2% YoY) respectively.”
Post Q4 numbers, Axis Securities slightly increased its FY26/27 EBITDA estimates as it increased its e-auction price assumption for FY26/27 to ~Rs 2,500/t from earlier estimate of Rs 2,300/t and lower other expenses, partially offset by cut in our coal offtake assumptions.”Volume ramp-up in FY26/27 will be the key monitorable,” it added.
Sapphire Foods Q4 Results 2025 Live Updates: Operational performance weak; elongated recovery ahead, says JM Financial
Sapphire’s revenue grew 13% YoY (in line) led by 12%/5%/31% growth in KFC/Pizza Hut (PH)/Sri Lanka business. The management couldn’t undertake mass advertising in Q4 in PH due to difference of opinion with Devyani, leading to lower footfalls and weak SSTG in PH. This, according to JM Financial, coupled with weak operating leverage and high delivery mix in KFC/ PH dragged EBITDA margin (~140bps contraction YoY to 14.9%) in Q4 along with ~70bps YoY contraction in gross margin due to increase in value offerings.
JM Financial said, “Going ahead, the focus will be to drive SSSG led by improvement in SSTG driven by higher value offerings in KFC/PH. We cut our Pre Ind AS EBITDA estimates by 14%/10% for FY26/27 due to the weak demand environment and elongated recovery in SSSG and ADS in KFC/PH. While near-term demand remains challenging, the company’s core fundamentals are intact.”
HPCL Q4 Results 2025 Live Updates: Strong ‘retail margin’ milieu ahead, says Elara Securities
Hindustan Petroleum Corporation’s (HPCL IN) stock price has run up 16% in the past three months and outperformed benchmark Nifty Index (up 3%), due to lower crude prices, subsequent healthy marketing margin and nil under-recoveries on LPG. Elara Securities said, “We maintain our positive view on oil marketing companies (OMCs) amid subdued crude prices and expect the government to allow OMCs to earn above-historical integrated margin to fund their energy transition capex. International crude oil prices in Q1FY26 are at ~USD 65/bbl, a USD 10/bbl decline over Q4FY25 level – Every USD 1/bbl drop in crude oil price improves OMCs’ gross margin for gasoline/diesel by Rs 0.6/ liter. OMCs would additionally benefit from nil LPG losses in FY26E at current crude oil prices versus Rs 250bn cumulative LPG losses at our previous crude oil estimate of USD 75/bbl.”
Godrej Consumer Q4 Results 2025 Live Updates: ICICI Securities on company performance
ICICI Securities said, “We like GCPL’s granularity of thought in the execution drivers for its strategy (we acknowledge and appreciate the higher disclosures vs. industry standards). Afterall, crafting a vision / strategy is (relatively) easy. Very few companies are able to build a good bridge from boardroom strategy to on-the-ground. GCPL appears one. It has clear thoughts on driving growth in Household Insecticides, new products [India & International] for short-medium term and aspirations for long term. It acknowledged the misses in the last few years [truly refreshing] and areas of improvement. We have always remained constructive. Given higher long-term visibility and post 15% underperformance vs. Nifty over last 12 months, reverting back to BUY (from Add). GCPL is the only large cap Consumer Staples stock in our coverage with a BUY rating.”
Q4 Results 2025 Live Updates: Key results announcements today
Companies including Titan Company, Larsen & Toubro, Biocon,Pidilite Industries, Asian Paints, Britannia Industries, Canara Bank, Bharat Forge, Kalyan Jewellers India, REC, Union Bank of India, Zee Entertainment Enterprises, Muthoot Microfin, Sula Vineyards, Suryoday Small Finance Bank, Jindal Stainless, Escorts Kubota, IIFL Finance, Ceigall India, Hindustan Construction Company, DB Corp, IRB InvIT, among a few others are queued up to release their Q4 numbers today.
Q4 Results 2025 Live Updates: Welcome to the live blog!
Good Morning! With the fiscal fourth quarter earnings season already on and a number of major companies having released their Q4 numbers, we, at FinancialExpres.com, are bringing to you all the updates on the key numbers and management commentary on issues of interest. Going forward as well, we will continue to bring all the updates on Q4 and FY25 performance. Stay tuned!