Several stocks have witnessed sharp corrections following their Q4 FY26 results, as weak profits, margin pressure and lower-than-expected performance weighed on investor sentiment.
Here are four companies that have seen notable declines after their March quarter earnings.
1. Kaynes Technology India Limited
Kaynes Technology provides electronics manufacturing and IoT solutions across industries including automotive, aerospace and defence.
Q4 FY26 performance
- Revenue rose 26.32% year-on-year to ₹1,243 crore from ₹984 crore.
- Revenue increased 54.60% sequentially from ₹804 crore.
However, profitability declined.
- Net profit fell 21.55% to ₹91 crore from ₹116 crore.
- Net profit rose from ₹77 crore in Q3 FY26.
Why the stock came under pressure
For FY26, the company reported:
- Revenue: ₹3,626.4 crore
- Net profit: ₹363.9 crore
These figures were below Bloomberg estimates of:
- Revenue: ₹3,871 crore
- Net profit: ₹435 crore
The company had earlier guided for:
- ₹4,500 crore revenue for FY26
- Later revised guidance to ₹4,000 crore
Actual revenue missed even the revised target.
The absence of FY27 guidance also weighed on sentiment.
Stock performance
- Market capitalization: ₹21,008.66 crore
- Current price: ₹3,134
- One-year return: -43.94%
- 2026 return: -20.44%
- Decline after results: Around 25%
2. Rail Vikas Nigam Limited (RVNL)
RVNL is a railway infrastructure company under the Ministry of Railways.
Q4 FY26 performance
- Revenue increased 4.19% to ₹6,696 crore from ₹6,427 crore.
- Revenue rose 42.95% from ₹4,684 crore in Q3 FY26.
Profitability weakened sharply.
- Net profit declined 60% to ₹182 crore from ₹455 crore.
- Sequentially, profit fell from ₹324 crore.
Stock performance
- Market capitalization: ₹50,321.96 crore
- Share price: ₹241.10
- One-year return: -41.09%
- 2026 return: -33.27%
- Fall after results: About 12%
3. Natco Pharma Limited
Natco Pharma manufactures generic medicines and APIs and has a strong presence in oncology and specialty therapies.
Q4 FY26 performance
- Revenue declined 39.48% to ₹739 crore from ₹1,221 crore.
- Revenue rose 14.22% sequentially.
Net profit also fell.
- Profit dropped 33.74% to ₹269 crore from ₹406 crore.
- Profit increased from ₹151 crore in Q3 FY26.
Stock performance
- Market capitalization: ₹15,381.96 crore
- Share price: ₹859.45
- One-year return: -4.74%
- 2026 return: -3.20%
- Fall after results: Around 27.37%
4. Bajaj Electricals Limited
Bajaj Electricals operates in consumer appliances, cookware and lighting solutions.
Q4 FY26 performance
- Revenue declined 1.98% to ₹1,240 crore from ₹1,265 crore.
- Revenue rose 17.98% from ₹1,051 crore in Q3 FY26.
The company reported a quarterly loss.
- Net loss stood at ₹68 crore.
- Q4 FY25 profit was ₹59 crore.
- Q3 FY26 loss was ₹34 crore.
Stock performance
- Market capitalization: ₹3,724.30 crore
- Share price: ₹322.75
- One-year return: -50.53%
- 2026 return: -31.90%
- Fall after results: Around 17.22%
Post-results decline
| Company | Approximate Decline After Results |
|---|---|
| Natco Pharma | 27.37% |
| Kaynes Technology | 25% |
| Bajaj Electricals | 17.22% |
| RVNL | 12% |
TL;DR
Kaynes Technology, RVNL, Natco Pharma and Bajaj Electricals have seen significant declines following Q4 FY26 results. Weak profitability and earnings misses were among the key reasons behind the sell-off.
AI Summary
- Kaynes Technology fell after missing FY26 expectations.
- RVNL’s quarterly profit dropped 60% year-on-year.
- Natco Pharma reported sharp declines in revenue and profit.
- Bajaj Electricals posted a quarterly loss.
- All four stocks corrected after announcing Q4 FY26 results.
