Q4 Result 2025: With a number of companies across sectors having already released their Q4 numbers, the fiscal fourth quarter earnings season is now in full swing. It giants including Tata Consultancy Services (TCS), Infosys, Wipro, HCL Tech, Tech Mahindra, and other companies like Reliance Industries, Vedanta, Zomato, SBI, HDFC Bank, Maruti Suzuki India, M&M, HUL, Nestle India, Marico, BPCL, IOCL, Ambuja Cements, Dr Lal PathLabs, UltraTech Cement, among others, have released their Q4 results.
Today, major companies like Hindustan Petroleum Corporation, One 97 Communications Paytm, Piramal Enterprises, Godrej Consumer Products, Vedant Fashions, Polycab India, Radico Khaitan, Safari Industries (India), Timex Group India, KEI Industries, Kansai Nerolac Paints, Mahanagar Gas, Kajaria Ceramics, Bank Of Baroda, BSE Limited, Alembic Pharmaceuticals, among a few others are queued up to announce their quarter performance report.
While earnings growth in H1 FY25 was subdued, Q3 results exceeded market’s expectations, with aggregate PAT growth of 11.5 per cent, driven primarily by financials and healthcare sectors. An analysis report by Anand Rathi said, “With ytd growth at 8.2 per cent, achieving the projected 10 per cent earnings growth for FY25 would require ~14 per cent growth in the remaining period. Ahead, we anticipate Nifty50 earnings to grow at a healthy pace, supported by increased government capex and a recovery in agricultural output, aided by stronger kharif harvest and favorable conditions for the rabi season.”
Despite near-term uncertainties, robust macroeconomic fundamentals, steady earnings trajectory and attractive valuations underpin a constructive medium-to-long-term outlook, it added.
Motilal Oswal Financial Services Limited (MOFSL) said, “We believe MM is well-placed to outperform across its core businesses, led by a healthy recovery in rural areas and new product launches across both the UVs and tractors segments. Given the sustained demand momentum in UVs and tractors, we have raised our earnings estimates by 4%/6% for FY26/FY27E. We estimate MM to post a CAGR of ~13%/13%/18% in revenue/EBITDA/PAT over FY25-27E. While MM has outperformed its own targets of earnings growth and RoE of 18% in each of FY24 and FY25, it remains committed to delivering 15-20% EPS growth and 18% ROE, ensuring sustained profitability and shareholder value.”
IHCL Q4 Results 2025 Live Updates: Elara Securities on company performance
Indian Hotels Company (IH IN) reported higher-than-expected Q4, driven by 14% growth in average room rate (ARR) on strong domestic demand. Elara Securities said, “The management has guided for double-digit revenue growth in FY26 and beyond, with strong domestic demand (revenue in April up 17% with strong business on books in Q1), healthy ARR growth, higher number of wedding days, growth momentum in new businesses, three new owned hotels from IH in FY26 and opening of a new kitchen for TajSATS at Jewar airport in Noida. Size does not seem to be a cause of concern as IH continues to expand its reach despite being the leader, leveraging on its strong brand recall.”
Coforge Q4 Results 2025 Live Updates: InCred Equities on company performance
InCred Equities said, “Coforge’s 3.4% qoq and 43.8% yoy revenue growth in constant currency or CC terms in Q4FY25 missed estimates while the EBIT margin was better. Q4 growth was led by BFS vertical, engineering (erstwhile ADM) horizontal and RoW geography while other sub-segments were soft. Deal wins (at US$2,126m) were aided by the Sabre deal and four large deals which took the executable order book over the next 12 months to US$1.5bn, up 48% yoy. However, adjusted for the Sabre deal value, Q4FY25 order intake was down 27% yoy. Management commentary suggests that organic growth is unlikely to moderate in FY26F vs. FY25; overall growth could be aided by mega deal ramp-up and the EBIT margin could expand meaningfully vs. 13.2% exit in Q4FY25. We increase our FY26F revenue growth assumption modestly, which, in turn, drives a change in our rating and target price despite retaining the target PE/G multiple at 1x.”
M&M Q4 Results 2025 Live Updates: Margins impress across segments, says Elara Securities
Mahindra & Mahindra’s (MM IN) standalone EBITDA margin impressed at 14.9%. Automotive EBIT margin, including eSUV contract manufacturing, came in at 9.2%, led by ICE EBIT margin increasing 30bps QoQ to 10%. eSUV contract manufacturing EBIT margin was 0.3%. The entire BEV operations too impressed with an EBITDA margin at 1%, while EBIT loss came in at Rs 1.7bn.
Elra Securities said, “Q4FY25 eSUV financials were aided by a superior mix of BEVs, with only the top end variants (pack 3) being delivered. EBIT margin for the Farm segment rose by 130bps QoQ to 19.4% in a seasonally weak quarter. The management has guided for mid-to-high teen growth in the UV portfolio in FY26 (our current estimate at 12% growth) and high single-digit growth for the tractor industry (our current estimate at 6%).”
Q4 Results 2025 Live Updates: Key results today
Companies including Piramal Enterprises, One 97 Communications Paytm, Godrej Consumer Products, Hindustan Petroleum Corporation, Vedant Fashions, Safari Industries (India), Timex Group India, Polycab India, Radico Khaitan, KEI Industries, Kansai Nerolac Paints, Mahanagar Gas, Kajaria Ceramics, Bank of Baroda, BSE Limited, Alembic Pharmaceuticals, among a few others are lined up to release their Q4 numbers today
Q4 Results 2025 Live Updates: Welcome to the live blog!
Good Morning! The fiscal fourth quarter earnings season has already kickstarted and a majority of companies have released their Q4 numbers. We, at FinancialExpress.com, are continuously bringing you all the updates on the key numbers and announcements being made by the companies and will continue to do so going forward as well. Stay tuned.