Q4 earnings live tracker, 20 May: The latest on how India Inc’s biggest companies fared

Bookmark this page for daily updates at noon—your essential guide through this earnings season.

The combined revenue of the companies that have declared their March-quarter financial results so far were up 4.8% on a year-on-year basis, while the aggregate net profit is up 13.8%, a Mint analysis showed. Excluding the companies in the banking, financial services and insurance (BFSI) sectors, the topline grew 4.4%, while profits were up by 19.9%. So far, the BFSI (banking, financial services, and insurance) sector has performed reasonably well, while the FMCG segment is facing headwinds.

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The analysis covered 1,312 BSE-listed companies (including 210 banking and financial services firms) that had declared their results so far and whose data was available on Capitaline’s database.

Scroll down for select company-wise details.

Also read: Shareholding moves in Q4: Did retail investors' small-cap love fizzle out?

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Tata Consultancy Services

TCS missed expectations on both revenue and margins. Revenue saw a 0.8% quarter-on-quarter decline but a modest 2.5% year-on-year growth in constant currency in Q4. Profit also fell 1.3% sequentially, with a slight 1.7% annual increase.

The company cited delayed discretionary spending decisions and noted emerging demand uncertainty starting in March 2025. Read more, as Jas Bardia reports.

Infosys

Infosys reported a 3.5% quarter-on-quarter revenue decline in Q4, although year-on-year growth in constant currency was 4.8%. Profits were flat sequentially but rose 12% year-on-year. The company attributed roughly two-thirds of the revenue drop to lower third-party costs and deal slippages, while management expressed optimism about future guidance. Jas Bardia reports further.

ICICI Bank

ICICI Bank reported robust loan growth of 13.3% year-on-year and 2.1% quarter-on-quarter, fuelled by strong business banking and mortgage growth.

Deposit growth also remained strong at 14% year-on-year. Maintaining benign asset quality with a significant 15.5% sequential decline in fresh slippages, ICICI also demonstrated tight cost controls, resulting in a reduced cost-to-income ratio of 37.9%. Anshika Kayastha has the details.

HCL Tech

HCL Technologies Ltd’s investors are upbeat, especially in a world where global macroeconomic gloom has lately kept IT stocks on tenterhooks.

Sequentially, the company’s revenue dropped 0.8% in constant currency terms last quarter, compared to the consensus estimate of a 0.5% revenue drop, hurt by the usual seasonality in its software business. Yet, shares rose, possibly driven by HCL’s FY26 guidance and robust deal wins. Read Harsha Jethmalani’s Mark to Market analysis.

Hindustan Unilever

FMCG major Hindustan Unilever (HUL) on Thursday reported a 3.7% year-on-year fall in its consolidated net profit (attributable to owners of the company) for Q4FY25 to ₹2,464 crore. The company had reported a profit of ₹2,558 crore in the year-ago period. Sequentially, the consolidated net profit was down 17.4%. Suneera Tandon and Gaurav Laghate report further.

Nestle India

Nestle India Ltd reported Q4 consolidated net profit at ₹873.46 crore, which declined 6.5% year on year compared to ₹934.17 crore in the year-ago quarter. At the standalone level, Nestle reported net profit at ₹885 crore declined 5.3% compared to ₹934 crore in the year ago quarter. Read Ujjval Jauhari’s report.

Reliance Industries

Billionaire industrialist Mukesh Ambani-led energy-to-telecom conglomerate reported a 6% growth in its consolidated profit for the January–March quarter, driven by a resurgence in its retail business and better realisations in telecom, even as challenges persisted in its core oil-to-chemicals (O2C) business. The company's revenue from operations during the reporting quarter rose to ₹2.61 lakh crore, compared to ₹2.4 lakh crore recorded in the year-ago period. Read Manish Joshi’s report.

Maruti Suzuki

Maruti Suzuki India Ltd reported a 1% year-on-year decline in consolidated net profit for the March 2025 quarter at ₹3,911 crore, compared to ₹3,952 crore in the same period last year, while also recommending a dividend of ₹135 per share. Total consolidated revenue rose 6.6% year-on-year to ₹40,920.1 crore, supported by a 3.5% growth in sales volume to 604,635 units. At the standalone level, net sales increased 5.9% to ₹38,848.8 crore, while net profit declined 4.3% to ₹3,711.1 crore from ₹3,877.8 crore a year ago. Read the full report by Ujjval Jauhari.

UltraTech Cement

UltraTech Cement reported a 10% YoY rise in consolidated net profit to ₹2,482 crore for Q4, with revenue from operations up 13% to ₹23,063 crore. Sales volumes rose 17% to 41.02 million metric tons, while EBITDA per ton (excluding acquired assets) grew 7% YoY. The company also surpassed 1 GW in renewable power installations. A dividend of ₹77.50 per share has been proposed, totaling ₹2,283.75 crore. UltraTech added 17.4 mtpa capacity in FY25, raising its total global cement capacity to 188.76 mtpa. Read the full report by Dhanya Nagasundaram.

Force Motors

Force Motors is back in focus after reporting a strong Q4 performance, with net profit jumping 210% YoY to ₹434.7 crore—boosted by a one-time ₹394.6 crore incentive from the Madhya Pradesh government. Revenue rose 17% to ₹2,356 crore on robust demand, while operating profit grew 18% YoY to ₹329 crore with margins hitting a record 14%. Crisil sees margins stabilizing at 12–13% in the medium term, supported by a strong product mix and healthy cash generation. Ayesha Shetty has a Profit Pulse analysis.

Bajaj Finance

Bajaj Finance posted a 16% rise in standalone net profit at ₹3,940 crore for the March quarter, up from ₹3,402 crore a year earlier, supported by robust loan growth and a one-time tax reversal. The results also factor in the performances of its subsidiaries—Bajaj Housing Finance and Bajaj Financial Securities. India’s largest NBFC saw its assets under management grow 26% year-on-year, reflecting strong demand for credit across segments, while new loan bookings jumped 36% from the same quarter last year. Total income for Q4FY25 rose to ₹15,808 crore, compared to ₹12,764 crore in the year-ago period. Net interest income (NII), or the core income from lending operations, also rose by 22% annually.

Bajaj Finserv

Bajaj Finserv Ltd reported a 14% rise in consolidated net profit to ₹2,417 crore for Q4FY25, driven by strong performance across its financial businesses. Total income for the quarter rose to ₹35,596 crore from ₹32,042 crore a year earlier. The board recommended a final dividend of Re 1 per share, with a record date of June 27, 2025, subject to shareholder approval at the AGM on July 25. For the full year, net profit grew 9% to ₹8,872 crore, while income jumped to ₹1,33,822 crore. The board also approved issuing over 11.5 lakh equity shares to the ESOP Trust under the employee stock option scheme.

Adani Enterprises

Adani Enterprises posted a 756% YoY jump in Q4 net profit to ₹3,845 crore, buoyed by a one-time ₹3,286 crore gain from its Adani Wilmar stake sale. Even without the exceptional gain, profit rose 24% YoY. However, revenue dipped 7.5% to ₹26,966 crore, while EBITDA climbed 19% to ₹4,346 crore. Incubating businesses like the ANIL Ecosystem and airports showed strong growth, with both income and EBITDA rising sharply. For FY25, PAT more than doubled to ₹7,112 crore, backed by robust performance across segments. Full report by Saloni Goel.

Adani Ports & SEZ

Adani Ports reported a 48% YoY jump in Q4 FY25 net profit to ₹3,014 crore, driven by higher income and operational performance. Revenue rose 23% to ₹8,488 crore, while EBITDA grew nearly 24% to ₹5,006 crore with a margin of 59%. Total income surged to ₹8,770 crore, and the company declared a ₹7 per share final dividend. Adani Ports also surpassed ₹11,000 crore in full-year PAT and handled 450 MMT cargo, beating market expectations. Read Vaamanaa Sethi's full report.

RailTel Corporation

RailTel Corporation of India posted a strong Q4FY25 performance, with net profit rising 46.3% YoY to ₹113.4 crore, compared to ₹77.53 crore in the same period last year. The company’s revenue from operations surged 57% to ₹1,308.28 crore. EBITDA grew 53.8% YoY to ₹180 crore, although the EBITDA margin declined slightly to 13.73% from 14% last year. In comparison to the December quarter, where RailTel posted a net profit of ₹65 crore and revenue of ₹767.6 crore, the March quarter showed significant improvement. Full report by Nikita Prasad.

State Bank of India

State Bank of India (SBI) reported a 10% year-on-year drop in standalone net profit at ₹18,642 crore for Q4FY25, even as total income rose to ₹1.44 lakh crore from ₹1.28 lakh crore a year ago. Operating profit for the quarter grew 8.8% YoY to ₹31,286 crore, while full-year operating profit jumped 17.9% to ₹1.10 lakh crore. SBI declared a dividend of ₹15.90 per share and announced plans to raise up to ₹25,000 crore in FY26 via QIP, FPO or other routes. Asset quality improved, with gross NPAs down to 1.82% and net NPAs easing to 0.47%. Full report by Nikita Prasad & Gopika Gopakumar.

Kotak Mahindra Bank

Kotak Mahindra Bank reported a 14% YoY drop in Q4FY25 net profit to ₹3,552 crore, impacted by a sharp 245% rise in provisions for bad loans, which surged to ₹909 crore. Interest income, however, rose 10% YoY to ₹13,530 crore. While gross NPAs inched up slightly to 1.42%, net NPAs improved to 0.31%. The bank announced a ₹2.50 per share dividend, pending shareholder approval at the AGM. Kotak shares closed at ₹2,185 on May 2 and have delivered a 21.9% YTD return, with a 52-week high of ₹2,301.55. The bank’s market cap stood at over ₹4.34 lakh crore. Read the full report by Anubhav Mukherjee.

Hindustan Petroleum Corporation (HPCL)

Hindustan Petroleum Corporation Ltd (HPCL) reported an 18% YoY rise in its Q4 FY25 standalone net profit at ₹3,355 crore, despite a 2.7% dip in total income to ₹1,19,126 crore. The company flagged a negative buffer of ₹10,894 crore due to LPG price gaps, which hasn’t been recognised in revenue due to lack of government authorisation. HPCL’s crude throughput rose to 6.74 MMT from 5.84 MMT last year, while domestic sales grew to 12.11 MMT and exports to 0.59 MMT. The board also declared a ₹10.50 per share dividend, with August 14, 2025 set as the record date. Full story by Saloni Goel.

One 97 Communications (Paytm)

Paytm’s parent, One 97 Communications, reported a Q4 FY25 consolidated loss of ₹539.8 crore, nearly flat YoY, with exceptional costs of ₹522 crore. Excluding these, the loss narrowed to ₹23 crore. The company faced a one-time, non-cash ESOP expense of ₹492 crore, which will significantly reduce ESOP costs from Q1 FY26. Revenue dropped 15.7% YoY to ₹1,911.5 crore, though financial services and UPI incentives offered some support. EBITDA before ESOP stood at ₹81 crore, down 21% YoY but up ₹121 crore QoQ. Net payment margin, including the UPI incentive, rose to ₹578 crore. Read the full report by Nishant Kumar.

Coal India

Coal India posted a 12% YoY rise in Q4FY25 consolidated net profit at ₹9,604 crore, though its full-year profit slipped 5.5% to ₹35,358 crore. Revenue from operations fell 1% YoY to ₹37,825 crore in Q4 and ₹1.43 lakh crore for the full year. EBITDA rose 3.5% to ₹11,790 crore, with margins expanding to 31.2%. Raw coal production dipped 1.7% YoY in Q4 but edged up nearly 1% for FY25. The board also recommended a final dividend of ₹5.15 per share, pending shareholder approval. Read the full report by Nishant Kumar.

Punjab National Bank (PNB)

Punjab National Bank (PNB) reported a strong 51.7% YoY jump in Q4 FY25 net profit at ₹4,567 crore, with operating profit rising 5.6% to ₹6,776 crore. While net interest income edged up 3.8% YoY to ₹10,757 crore, it dipped slightly QoQ. Asset quality improved significantly — GNPA fell to 3.95% from 5.73%, and NNPA dropped to 0.40%. The bank also declared a ₹2.90 per share dividend and announced plans to raise ₹8,000 crore via Basel III-compliant bonds in FY26. Global deposits and advances grew 14% and 13.56% YoY. Full report by Saloni Goel.

MRF

MRF, one of India’s most expensive stocks, declared a 2290% final dividend of ₹229 per share for FY25, bringing the total dividend for the year to ₹235 per share. The tyre giant posted a 31% YoY rise in Q4 FY25 standalone profit at ₹497.85 crore, with a sharp 62% jump sequentially. Revenue from operations rose 11.7% YoY to ₹6,943.84 crore but stayed flat QoQ. The company, however, has yet to announce the record date for the dividend. Full report by Saloni Goel.

Dr Reddy's Laboratories

Dr Reddy’s Laboratories reported a strong Q4FY25 performance with a 22% YoY rise in net profit to ₹1,594 crore, beating estimates. Revenue surged 20% YoY to ₹8,506 crore, including ₹597 crore from the acquired Nicotine Replacement Therapy (NRT) business; excluding NRT, growth stood at 12%. Global Generics revenue rose to ₹7,536 crore, while EBITDA jumped nearly 59% to ₹2,975 crore, with margins expanding to 29.1%. For FY25, revenue grew 17% to ₹32,553 crore, and PAT rose 2% to ₹5,654 crore. The company announced a final dividend of ₹8 per share, with a record date of July 10, 2025. Full report by A Ksheerasagar.

Swiggy

Swiggy reported a consolidated loss of ₹1,081 crore in Q4FY25, nearly double the ₹555 crore loss in the same period last year, even as revenue from operations rose 45% YoY to ₹4,410 crore. Food delivery gross order value (GOV) grew 17.6% to ₹7,347 crore, supported by innovations like Bolt and One BLCK. Instamart’s GOV surged 101% YoY to ₹4,670 crore, aided by a 13.3% rise in average order value and the addition of 316 new dark stores. Monthly transacting users jumped 40% QoQ to 9.8 million, though contribution margin slipped to -5.6%. Adjusted EBITDA loss widened to ₹840 crore amid continued growth investments. Read the full story by Nishant Kumar.

Bank of India

Bank of India reported an 82.5% YoY jump in Q4FY25 net profit to ₹2,626 crore, with operating profit rising 37% to ₹4,885 crore. Net interest income grew marginally by 2.14% to ₹6,063 crore, while domestic NIM declined 39 bps YoY to 2.91%. Domestic advances rose 14.45% to ₹5.63 lakh crore. For FY25, net profit surged 46% YoY to ₹9,219 crore, and GNPA improved to 3.27%, with PCR rising to 92.39%. The bank declared a ₹4.05 dividend per share, with a record date of June 20 and AGM scheduled for June 27, 2025. Full story by Nishant Kumar.

Tata Steel

Tata Steel’s Q4 performance was hit by weak domestic steel prices and continued losses in its European operations, dragging standalone profit down 19% to ₹3,141 crore. However, consolidated net profit more than doubled to ₹1,201 crore, aided by steady Indian operations. Revenue fell 4% YoY to ₹56,218 crore while Ebitda stayed flat. The company announced a dividend of ₹3.6 per share and plans to invest $2.5 billion in its Singapore unit in FY26. Despite Ebitda losses in the UK, the Netherlands operations returned to profit. Full report by Nehal Chaliawala, Anubhav Mukherjee.

SRF

SRF posted a strong Q4FY25 performance, with consolidated net profit rising 24.5% YoY to ₹526 crore and revenue climbing 21% to ₹4,313 crore. Sequentially, profit nearly doubled from ₹271 crore in Q3. The Chemicals Business led the growth with a 50% surge in operating profit and 30% rise in revenue, while the Fluorochemicals segment saw record refrigerant gas sales. For FY25, the company reported 12% revenue growth and stable annual profit at ₹1,251 crore. CMD Ashish Bharat Ram acknowledged seasonal tailwinds but flagged caution amid global economic volatility. Read the full report by Pranati Deva.

UPL

UPL Ltd reported a sharp jump in Q4FY25 consolidated net profit at ₹896 crore, surging over 2,100% from ₹40 crore in the year-ago quarter. Revenue rose 10.6% YoY to ₹15,573 crore, while EBITDA grew 68% to ₹3,240 crore, with margins expanding to 20.8%. For FY25, the company posted a net profit of ₹900 crore, reversing a ₹1,200 crore loss in FY24, and recorded 8% revenue growth to ₹46,640 crore. EBITDA for the year rose 47% to ₹8,120 crore. UPL also reduced its net debt by ₹8,320 crore and declared a ₹6 per share dividend. Read the full story by Saloni Goel.

PVR Inox

PVR Inox narrowed its Q4FY25 net loss to ₹125 crore from ₹129.5 crore YoY, though it slipped from a ₹35.9 crore profit in the previous quarter. Revenue dipped slightly by 0.5% YoY to ₹1,249.8 crore, while EBITDA rose 1.5% to ₹283.3 crore with improved margins at 22.7%. Full-year FY25 revenue fell to ₹5,779.9 crore, and net loss widened to ₹279.6 crore due to a weak box office, especially in Bollywood and Hollywood. Despite this, PVR Inox cut its net debt by ₹478 crore post-merger and remains optimistic for FY26, banking on a stronger content pipeline. Full story by Ankit Gohel.

Bharti Airtel

Bharti Airtel reported a fivefold jump in Q4 profit to ₹11,022 crore, aided by a one-time deferred tax gain of ₹5,913 crore, despite flat ARPU at ₹245. Revenue rose 27.3% YoY to ₹47,876 crore, driven by strong India mobile services and Africa performance. Airtel’s India business grew 28.8% YoY, but Airtel Business revenue fell 2.7% as the company exited low-margin wholesale segments. The telco added 18.2 million users in Q4, with mobile data usage up 21.2% YoY to 21 billion GB. Meanwhile, Airtel prepaid ₹5,985 crore in high-cost spectrum dues, raised capex to ₹14,401 crore, and saw net debt rise to ₹2.04 trillion. Read the full report by Jatin Grover.

Tata Motors

Tata Motors reported an 11% drop in FY25 net profit to ₹28,100 crore due to margin pressure at Jaguar Land Rover (JLR) and the absence of a one-time tax gain that had boosted last year’s results. Annual revenue grew just 1.3% to ₹4.39 trillion, while Q4 profit halved to ₹8,600 crore. JLR’s margins were hit by higher discounts, with its Ebitda margin falling 160 bps to 14.3%. Global sales fell 3%, and Tata Motors withheld guidance for JLR amid trade uncertainty and Trump-era tariffs. On the domestic front, both passenger and commercial vehicle segments saw a decline in revenue. Full report by Ayaan Kartik.

Cipla

Cipla reported a 30% YoY rise in Q4FY25 net profit to ₹1,221.84 crore, with revenue up 8.5% to ₹6,597.72 crore. EBITDA rose 17% to ₹1,538 crore, and margins improved to 22.8%. For FY25, profit grew 28% to ₹5,273 crore and revenue rose 8% to ₹27,548 crore, supported by strong US, Africa, and Europe performance. The US business posted record annual revenue of $934 million, while the One-India business grew 7% YoY. Cipla declared a total dividend of ₹16 per share, including a ₹3 special dividend to mark its 90th anniversary. Full report by Nishant Kumar.

Gail (India)

GAIL India reported a marginal 1% YoY rise in consolidated net profit to ₹2,505.61 crore for Q4FY25, despite an 11.3% increase in revenue to ₹36,551.15 crore. The Natural Gas Marketing segment, contributing over 80% to revenues, saw a slight dip in EBIT, while the petrochemical segment swung to a loss of ₹134.10 crore due to weak oil and LPG prices. The company declared a final dividend of ₹1 per share, subject to shareholder approval. Read the full report by Ujjval Jauhari.

Hero MotoCorp

Hero MotoCorp posted a strong FY25 performance with a 9% rise in revenue to ₹40,756 crore and a 16% jump in net profit to ₹4,610 crore, driven by higher exports and strong demand for premium motorcycles. The company sold 5.9 million two-wheelers, while exports surged 44% and EV sales under the Vida brand grew 175%, boosting EV market share to 4.2%. Q4 revenue rose 4% YoY to ₹9,939 crore, with net profit up 6% at ₹1,081 crore. Despite this, analysts remain cautious due to weak traction in premium ICE bikes. Read the full report by Ayaan Kartik.

Hindustan Aeronautics

Hindustan Aeronautics Ltd (HAL) reported a 7.71% YoY drop in consolidated net profit to ₹3,976.66 crore for Q4FY24, with revenue falling 7.24% to ₹13,699.85 crore. Standalone profit also declined nearly 8% to ₹3,958.25 crore, while EBITDA slipped 10% and margins narrowed to 38.6%. However, for FY25, HAL posted a 9.75% rise in annual profit to ₹8,364.13 crore, with revenue up 2% at ₹30,980.95 crore. Total assets surged to ₹1.06 lakh crore. The board had declared an interim dividend of ₹25 per share in February. Read full report by Nishant Kumar.

Eicher Motors

Eicher Motors reported a strong Q4FY25 performance with a 27.3% YoY jump in consolidated net profit to ₹1,362 crore, surpassing estimates on the back of higher exports and sales of bikes above 350cc. Revenue grew 23.1% YoY to ₹5,241 crore, while EBITDA rose 11.4% to ₹1,258 crore, though margins slipped to 24%. Royal Enfield crossed 1 million annual sales for the first time in FY25, driving full-year revenue to ₹18,870 crore and profit to ₹4,734 crore. Export volumes surged nearly 30%. The board recommended a ₹70 per share dividend for FY25. Read full report by A Ksheerasagar.

The Tata Power Company

Tata Power reported an 8% YoY rise in consolidated net profit to ₹1,042.83 crore for Q4FY25, with revenue climbing nearly 8% to ₹17,095.88 crore. EBITDA rose 14% YoY to ₹3,829 crore, driven by strong performance in generation, transmission, and renewables. FY25 was a landmark year, with PAT crossing ₹5,000 crore and over 1 GW of renewable capacity added. The company’s rooftop solar installations exceeded 1.5 lakh, and the Odisha Discoms PAT tripled in Q4. Tata Power also announced a final dividend of ₹2.25 per share for FY25. Read full report by Dhanya Nagasundaram.

Shree Cements

Shree Cement reported a standalone net profit of ₹556 crore for Q4FY25, down 16% YoY, even as revenue rose 3.3% to ₹5,240.15 crore. EBITDA grew 4.1% YoY to ₹1,381 crore, with margins improving slightly to 26.36%. The company declared a final dividend of ₹60 per share, in addition to the ₹50 interim dividend announced earlier. Cement and clinker sales hit a record 9.84 million tonnes in the March quarter. Management remains optimistic about future demand and aims to drive growth through premiumization and cost optimization. Read full report by Vaamanaa Sethi.

Page Industries

Page Industries, the licensee of Jockey and Speedo in India, posted a strong 52% YoY rise in Q4FY25 net profit to ₹164 crore, driven by rising demand for athleisure wear. Revenue grew 11% YoY to ₹1,098 crore, while EBITDA surged 43.2% to ₹235.2 crore. The company attributed the growth to efficient supply chain management, innovation, and enhanced consumer experience. It also declared a ₹200 per share fourth interim dividend for FY25, with a record date of May 21. Read the full story by Saloni Goel.

Cochin Shipyard

Cochin Shipyard reported a 27% YoY rise in consolidated net profit to ₹287.18 crore for Q4FY25, while revenue from operations jumped 36.7% to ₹1,757.65 crore. However, EBITDA fell 7.6% to ₹266 crore, and margins contracted sharply by 730 basis points to 15.10%. Despite the profit rise, operating profitability was impacted. The board has proposed a final dividend of ₹2.25 per share for FY25, subject to shareholder approval. Read the full story by Dhanya Nagasundaram.

ITC Hotels

ITC Hotels reported a strong March 2025 quarter, with standalone net profit rising 16% QoQ to ₹264 crore and 44% YoY. Total income grew 7% QoQ to ₹1,016.66 crore, while consolidated profit stood at ₹257 crore, up 20% YoY. For FY25, revenue surged 60% YoY to ₹3,559 crore, and net profit jumped 50% to ₹637.6 crore. The company approved a ₹328 crore capex for a new Visakhapatnam hotel and plans major expansions in Colombo, Puri, and Bhubaneswar by FY28. Read the full story by Pranati Deva.

Hyundai Motor India

Hyundai Motor India reported a 4% year-on-year decline in its Q4 FY25 consolidated net profit at ₹1,614 crore due to lower domestic sales. Total revenue rose marginally to ₹17,940 crore, with domestic sales dipping to 1,53,550 units, while exports grew to 38,100 units. For FY25, the automaker posted a 7% drop in profit at ₹5,640 crore, even as revenue stayed nearly flat at ₹69,193 crore. Full-year domestic sales declined to 5,98,666 units, while exports remained steady at 1,63,386 units. The company’s board has recommended a final dividend of ₹21 per share. Hyundai has earmarked ₹7,000 crore in capex for FY26 and plans to launch 26 new models, including six EVs, between FY26 and FY30. Read the full report here.

Bharat Heavy Electricals (BHEL)

BHEL reported a 3% year-on-year rise in net profit at ₹504.45 crore for Q4FY25, while sequentially, profit jumped 273% from ₹135 crore in the December quarter. Revenue from operations rose 9% YoY to ₹8,993 crore and 23.5% QoQ. The power segment saw marginal growth with revenue at ₹6,192 crore, while the industry segment posted a strong 34% YoY rise to ₹2,801 crore. The company declared a final dividend of ₹0.50 per share for FY25. Read the full report by Pranati Deva.

Power Grid Corporation of India

Power Grid Corporation of India reported a marginal 0.56% drop in net profit to ₹4,143 crore for Q4 FY25, compared to ₹4,166 crore in the same period last year. Revenue from operations rose 2.4% YoY to ₹12,275 crore, while total expenses surged 6.8% to ₹7,550 crore. Despite the dip in profit, the PSU giant declared a final dividend of ₹1.25 per share for FY25, subject to shareholder approval at the upcoming AGM. This will mark the fourth dividend issue by the company in the fiscal year. Read the full report by Anubhav Mukherjee.