Several large-cap companies posted strong March quarter numbers, aided by higher demand, better operating performance and sector-specific tailwinds.
Among the standout performers in Q4 FY26 were Lloyds Metals & Energy, GMR Airports, Billionbrains Garage Ventures, GE Vernova T&D India, Hitachi Energy India and Solar Industries India.
Lloyds Metals & Energy
Lloyds Metals & Energy Ltd., which operates in iron ore mining and sponge iron production, reported the strongest earnings growth among the group.
On a year-on-year basis:
- Revenue rose 312% to Rs. 4,913 crore from Rs. 1,193 crore.
- EBITDA jumped 518% to Rs. 1,614 crore from Rs. 261 crore.
- Net profit surged 426% to Rs. 1,066 crore from Rs. 202 crore.
- EPS increased 389% to Rs. 18.93 from Rs. 3.87.
Sequentially, revenue rose 28%, while net profit increased 20%.
GMR Airports
GMR Airports Ltd. posted higher earnings despite a decline in revenue and EBITDA compared with the previous quarter.
Compared with Q4 FY25:
- Revenue increased 38% to Rs. 3,938 crore.
- EBITDA rose 43% to Rs. 1,445 crore.
- The company reported a net profit of Rs. 400 crore, against a loss of Rs. 253 crore a year earlier.
- EPS improved to Rs. 0.29 from negative Rs. 0.23.
Quarter-on-quarter, net profit climbed 130%.
Billionbrains Garage Ventures
Billionbrains Garage Ventures Ltd., the parent company of investment platform Groww, reported strong growth across key metrics.
Year-on-year:
- Revenue grew 88% to Rs. 1,505 crore.
- EBITDA rose 142% to Rs. 938 crore.
- Net profit increased 122% to Rs. 686 crore from Rs. 309 crore.
However, EPS fell 36% to Rs. 1.09 because of changes in capital structure or share count.
Compared with the December quarter, net profit rose 25.4%.
GE Vernova T&D India
GE Vernova T&D India Ltd., which manufactures power transmission and grid equipment, reported healthy earnings growth.
During Q4 FY26:
- Revenue rose 42% to Rs. 1,637 crore.
- EBITDA increased 76% to Rs. 445 crore.
- Net profit climbed 89.2% to Rs. 352 crore.
- EPS rose 89% to Rs. 13.74.
Sequentially, net profit was up 21%.
Hitachi Energy India
Hitachi Energy India Ltd. benefited from rising demand for transmission and grid infrastructure.
Compared with the year-ago quarter:
- Revenue increased 46% to Rs. 2,754 crore.
- EBITDA rose 75% to Rs. 416 crore.
- Net profit grew 80% to Rs. 330 crore.
- EPS advanced 80% to Rs. 74.14.
On a quarter-on-quarter basis, net profit increased 26.4%.
Solar Industries India
Solar Industries India Ltd., which manufactures industrial explosives and defence products, also reported strong growth.
In Q4 FY26:
- Revenue rose 41% to Rs. 3,053 crore.
- EBITDA increased 54% to Rs. 826 crore.
- Net profit grew 60.7% to Rs. 556 crore.
- EPS climbed 70% to Rs. 60.52.
Sequentially, profit rose 19.1%.
Snapshot of Q4 FY26 performance
| Company | Revenue Growth (YoY) | Net Profit Growth (YoY) |
|---|---|---|
| Lloyds Metals & Energy | 312% | 426% |
| GMR Airports | 38% | Turned profitable |
| Billionbrains Garage Ventures | 88% | 122% |
| GE Vernova T&D India | 42% | 89.2% |
| Hitachi Energy India | 46% | 80% |
| Solar Industries India | 41% | 60.7% |
TL;DR:
Six large-cap companies delivered strong Q4 FY26 earnings. Lloyds Metals led the pack with 426% profit growth, while GMR Airports returned to profit. Billionbrains, GE Vernova T&D, Hitachi Energy India and Solar Industries also reported robust gains.
AI summary:
- Lloyds Metals posted 426% growth in quarterly profit.
- GMR Airports swung to a profit of Rs. 400 crore.
- Groww parent Billionbrains reported 122% growth in net profit.
- GE Vernova T&D and Hitachi Energy India recorded profit growth of around 80%-89%.
- Solar Industries posted a 60.7% increase in Q4 profit.
