Q4 Results: BPCL profit down 8.30%; Trent profit declines by 56.24%;

Dinesh Agarwal, Chief Executive Officer, said, “We are happy to close the financial year with continued growth in customers, revenue and cash flows while maintaining healthy margins in the business. We remain committed to delivering a high-quality and trusted user experience on our platform. Backed by a robust business model and a clear strategic vision, we are well positioned to capitalize on the rapid pace of digital adoption across the business landscape. With consistent profitability and strong cash flows, we are continually strengthening our value proposition for stakeholders while driving sustainable long-term growth.”

IndiaMART InterMESH Ltd on Tuesday released its fiscal fourth quarter earnings report with profit at Rs 180.60 crore, posting a jump of 81.33 per cent in comparison to Rs 99.60 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 355.10 crore, up 12.84 per cent as against Rs 314.70 crore reported during the same period of previous financial year. The company EBITDA stood at Rs 130.4 crore, up 47.5 per cent YoY.

Bharat Petroleum Corporation Ltd (BPCL) on Tuesday reported a profit decline of 8.30 per cent during the fourth quarter of FY25 at Rs 4,391.83 crore in comparison to Rs 4,789.57 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 1,26,916.18 crore, down 3.91 per cent as against Rs 1,32,086.86 crore reported during the same period of previous financial year.

On a standalone basis, Q4 profit stood at Rs 3,214.06 crore.

Trent Ltd on Tuesday released its fiscal fourth quarter earnings report with profit at Rs 311.60 crore, down 56.24 per cent in comparison to Rs 712.09 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 4216.94 crore, reporting a growth of 27.88 per cent as against Rs 3297.70 crore recorded during the same period of previous fiscal year.

Vinod Bahety, Whole Time Director & CEO, Ambuja Cements, said, “This year marks a historic milestone in the journey of Ambuja Cements as we cross the 100 MTPA capacity. Additionally, we have ongoing organic expansions at various stages across the country, which will help us achieve 118 MTPA capacity by end of FY 2026, a significant step, bringing us closer to our goal of 140 MTPA by 2028. The 100 MTPA milestone is not just a number, it’s a mark of our ambition, resilience, and purpose.”

Ambuja Cements Ltd on Tuesday released its fiscal fourth quarter earnings report with a consolidated profit of Rs 1282.24 crore, posting a drop of 15.71 per cent in comparison to Rs 1,521.21 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 9,802.47 crore, reporting a growth of 11.58 per cent as against Rs 8,785.28 crore recorded during the fourth quarter of previous financial year.

Bajaj Finance will release its fiscal fourth quarter today (April 29). Kotak Institutional Equities said, “We expect cost-to-average AUM ratio to remain moderate at 3.9% (4.0% in Q3FY25 and 4.1% in Q4FY24). We pen down credit costs to 1.9% for Q4FY25E (1.6-2.1% in the previous four quarters).”

Per a CNBC TV18 poll, Bajaj Finance is expected to post Q4 profit at Rs 4578 crore. The financial institution is estimated to record net interest income (NII) at Rs 9880.9 crore for the quarter in review.

L&T Finance (LTF) reported an in-line quarter, with PAT increasing modestly, while RoA moderated slightly to 2.17%. JM Financial said, “Credit costs are expected to remain elevated through H1FY26, with gradual improvement anticipated afterward. Growth remained soft (+3% QoQ) as disbursements remained weak (-3% YoY, -2% QoQ) led by slowdown in retail finance (-1% YoY, 2% QoQ) primarily in rural business loan (-30% QoQ) and 2W (-23% QoQ) segments.”

The company management has guided for loan growth of 20-25%, NIM + fees to be in the range of 10-10.5% and credit cost of 2.3-2.5% in FY26. Regarding the TN ordinance, management expects the impact to be short-term, similar to the Karnataka ordinance, with a disruption lasting 3-4 months, after which collection efficiencies are expected to stabilize.

JM Financial further added, “We believe that a meaningful re-rating of the stock will depend on a) successful execution of the strategy to shift towards prime and near-prime customers while maintaining returns, b) realization of operating leverage through strategic technology investments, and c) effective management of credit costs, particularly through the rollout of proprietary AI-ML underwriting across all segments.”

India Cements (ICEM IN) reported a recovery in Q4FY25, turning EBITDA positive after three consecutive quarters of losses. Elara Securities said, “Expect ICEM's profitability to improve in the coming quarters, driven by recent price hikes in South India, synergy benefits from UltraTech Cement (UTCEM IN), and operational efficiency gains. However, we believe much of these positives are already reflected in the current stock price. Oversupply in South India may keep ICEM’s realization volatile.”

Elara Securities has raise its FY26 and FY27E EBITDA estimates from ~Rs 3.4 billion and Rs 9.5 billion to ~Rs 5.6 billion and ~Rs 9.6 billion, respectively to reflect better Q4FY25 performance and introduce FY28E.

Motors has demonstrated consistent improvement in its EBITDA margins over the past decade. From an EBITDA margin of 6% in FY15, the company reported a margin of 12.5% in Q4FY25 (including a 0.5% contribution from the PLI scheme). Axis Securities said, “Management remains focused on sustaining this trajectory by leveraging topline growth, driving a better product mix, maintaining cost reduction initiatives, and enhancing overall profitability. The company expects to grow faster than the industry, driven by premium two-wheeler models (Raider, Apache, Ronin, and Jupiter125/110), E-3 wheelers (TVS King EV Max), e2Ws, and new product launches in both the EV and ICE portfolios over the next 18–24 months. We anticipate total sales volume to grow at an 11% CAGR over FY25–27E.”

UltraTech Cement reported around 17 per cent YoY consolidated volume growth in Q4FY25 (organic growth of around 6 per cent YoY, ahead of industry growth of 4 per cent). Reported domestic operating EBITDA/t (excluding Kesoram and India Cements) stood at Rs 1,270 (blended EBITDA/t at Rs 1,126) aided by better realisations and operating leverage. Per the management, the company will clock double-digit organic volume growth in FY26. Nuvama said, “UltraTech is on track to reach ~211mtpa domestic capacity by FY27. Factoring in a better pricing environment (refer to Capex and cement prices improve), we are revising upwards FY26E/27E EBITDA by 2%/1%.”

Greetings! The fiscal fourth quarter earnings season is on and a number of major companies across sectors have already released their Q4 numbers. We, at FinancialExpress.com, are continuously bringing to you all the updates on the key numbers and management commentary of the company performance and growth outlook. Through this live blog as well, we will continue to bring you all the updates on Q4 numbers and even analyse the numbers released the previous week.