Q4 results 2026: Infosys, HCL Tech, Reliance Industries among firms to declare earnings next week; check full list here

Q4 results 2026: The fourth quarter results have begun on a full swing as more than 60 companies will be reporting their financial results for the quarter ending on March 31, 2026, in the coming week.

Infosys, HCL Technologies, Reliance Industries, Tech Mahindra, Trent, Axis Bank, and Adani Green Energy are among the marquee companies to release their Q4 results 2026 next week.

“On the domestic front, focus will shift to the ongoing Q4 FY26 earnings season. Market participants will initially react to results from banking heavyweights such as HDFC Bank and ICICI Bank. Subsequently, several key companies—including HCL Technologies, Infosys, Tech Mahindra, Havells, IndusInd Bank, M&M Finance, and Shriram Finance—are scheduled to announce their results. Earnings commentary, particularly on margins and demand outlook, will be closely tracked,” said Ajit Mishra, SVP, Research, Religare Broking.

On Friday, both key Indian benchmark indices — Sensex and Nifty 50 — ended the shortened trading week on a positive note, extending their winning streak to a second consecutive week. The gains were supported by easing geopolitical tensions and a pickup in investor risk appetite. Optimism surrounding a potential US–Iran peace agreement lifted market sentiment, while resilient domestic fundamentals further reinforced the rally.

Despite intermittent volatility, the broader trend stayed firmly upward, with mid- and small-cap stocks outperforming the benchmarks. Consequently, both the Sensex and Nifty climbed more than 1%, closing the week at 78,493.54 and 24,353.55, respectively.

Infosys Q4 results 2026 preview

According to brokerage firm Motilal Oswal, IT giant Infosys is likely to clock 0.7% quarter-to-quarter (QoQ) CC decline in 4Q, near the top end of the guidance.

The brokerage firm further anticipates operating margin to remain flat despite performance bonus payouts and visa cost impact, as maximus cost initiatives and improving RPE should help offset the pressure.

“We expect the company to provide an initial FY27 revenue growth guidance band of 1.5-4.5% YoY cc,” the firm said.

HCL Technologies 2026 preview

Brokerage firm Kotak Institutional Equities has forecasted HCL Technologies' revenue to decline of 1.7% and yoy growth of 4.4%. Growth will be led by the IT business (+1.1%), offset by a seasonal decline in product revenues. Expect reported EBIT margin of 17.7% and underlying EBIT margin of 18.5%. EBIT margin will have an impact of 80 bps from the restructuring charge. Tailwinds of rupee depreciation will likely be offset by headwinds from wage revision (50 bps).

“Focus will be on FY2027E revenue guidance. Helping HCLT will be a mega-deal ramp-up and higher exposure to lower AI-hit IMS revenues. We expect the company to guide for 3-5% revenue growth excluding the acquisition of HPE's telco solutions group. Services business revenue growth guidance is likely to be in the 4-6% range, implying 0.6-1.4% CQGR,” it said.

Reliance Industries Q4 results 2026 preview

Motilal Oswal anticipates Mukesh Ambani-led conglomerate's consolidated EBITDA to rise 11% YoY to ₹484 billion. The firm further expects standalone EBITDA to rise by 20% YoY to ₹181 billion.

“Further clarity on announcements in the New Energy business, growth in Retail store additions, and any pricing action in Telecom are the key monitorables,” it said.

Here's a complete list of companies to declare Q4 earnings 2026 from April 20 to April 25 -

April 20

April 21

April 22

April 23

April 24

April 25

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