On Wednesday, May 06, a host of Indian companies are dominating market news due to their latest financial disclosures, corporate actions, and strategic developments. Key players like Larsen & Toubro (L&T), Mahindra & Mahindra (M&M), and Hero MotoCorp have released their fourth-quarter fiscal year 2026 results, alongside significant dividend announcements.
Major Q4 FY26 Earnings Reports
Larsen & Toubro (L&T)
Engineering and capital goods behemoth Larsen & Toubro reported a 3% year-on-year (YoY) decline in net profit, settling at Rs 5,325.60 crore for the March 2026 quarter. Despite this, the company's revenue climbed 11.3% to Rs 82,762.16 crore. L&T secured substantial new orders worth Rs 89,772 crore, with two-thirds originating from international markets. A dividend of Rs 33 per share was also declared.
Mahindra & Mahindra (M&M)
Homegrown auto major Mahindra & Mahindra posted a robust performance, with consolidated net profit surging 42% YoY to Rs 4,668 crore. Revenue for the March 2026 quarter increased 29% YoY to Rs 54,982 crore, driven by strong sales in its SUV and tractor segments. M&M announced a dividend of Rs 33 per share.
Hero MotoCorp
Leading two-wheeler manufacturer Hero MotoCorp saw its net profit rise 29.6% YoY to Rs 1,401 crore, with revenue also growing 29% YoY to Rs 12,797 crore for the quarter. EBITDA increased 31.1% YoY to Rs 1,857 crore, maintaining a margin of 14.5%. The company's volumes expanded 24% YoY to 17.14 lakh units, and a dividend of Rs 75 per share was declared.
Coforge
IT solutions and services provider Coforge experienced a significant 135% YoY surge in net profit, reaching Rs 612 crore, while revenue grew 30% YoY to Rs 4,450 crore in the March 2026 quarter. Operating margins stood at 15.6%, and order execution improved by 16.4% YoY to $1.75 billion.
SRF
Specialty chemical player SRF reported a 10.64% YoY increase in net profit to Rs 582.02 crore, with revenue up 7% YoY to Rs 4,615 crore for the January-March 2026 period. EBITDA grew 7.1% YoY to Rs 1,025.7 crore, with margins stable at 22.22%.
Poonawalla Fincorp
Non-banking financial company (NBFC) Poonawalla Fincorp recorded an impressive 309% YoY jump in net profit to Rs 254.79 crore. Net Interest Income (NII) rose 78.5% YoY to Rs 1,276 crore for the March 2026 quarter. Net interest margins were 9.05%, and Asset Under Management (AUM) increased 69.4% YoY to Rs 60,348 crore, with improved NPA levels.
J&K Bank
J&K Bank announced a 36.5% YoY rise in net profit to Rs 798 crore, with NII marginally increasing to Rs 1,487.5 crore for the January-March 2026 period. Operating profit grew 13.8% YoY to Rs 910.8 crore, and the bank saw improvements in its NPA ratios.
Ajanta Pharma
Pharma company Ajanta Pharma reported an 18.4% YoY increase in net profit to Rs 266.7 crore, and revenue grew 21.46% YoY to Rs 1,421.64 crore for the quarter ended March 31, 2026. EBITDA stood at Rs 333 crore, up 12.1%, though margins declined to 23.4%. A dividend of Rs 28 per share was announced.
Other Key Corporate Actions and News
- Cigniti Technologies: The IT solutions company is now dissolved following its merger with Coforge. A 1:1 share swap ratio has been set, with May 16 as the record date.
- KEC International: The infrastructure and civil construction firm secured new orders worth Rs 1,002 crore across its T&D, renewables, transportation, and cables segments.
- Odyssey Technologies: Shares of Odyssey Technologies are trading ex-dividend today.
- Stylam Industries: Shares of Stylam Industries are trading ex-date for a buyback.
- UCO Bank: The public sector lender received a significant reduction in its Goods and Services Tax (GST) liability following an appellate ruling.
- Vikran Engineering: Incorporated a wholly-owned subsidiary, Vikran Renewable, signaling diversification into solar and integrated energy projects.
- Kundan Mining & Metals: Its wholly-owned subsidiary acquired a 99% stake in a Mauritania-based mining entity, indicating international expansion into exploration.