Q4 Results 2026: 16 Firms, HCLTech-Nestlé in Focus

What is scheduled for April 21 results day

India’s Q4FY26 earnings season continues on Tuesday, April 21, with multiple listed companies set to disclose their January to March performance through stock exchange filings. Reports tracking the day’s calendar said at least 15 companies would announce results, while another list put the number at 16 by including Purple Finance. The line-up spans IT services, FMCG, financial services, real estate, and industrials, making it a busy session for investors watching both headline numbers and management commentary.

The companies repeatedly cited as key announcements include HCL Technologies, Nestlé India, Persistent Systems, Tata Elxsi, 360 ONE WAM, and Tata Investment Corporation. Other names mentioned include Central Mine Planning & Design Institute (CMPDI), Cyient DLM, Sunteck Realty, Rajratan Global Wire, Transformers and Rectifiers (India), Powerica, NDL Ventures, Mahindra EPC Irrigation, and DB (International) Stock Brokers. Some companies may also announce dividends alongside results, and several have flagged earnings-call schedules to discuss Q4FY26 performance.

Full list of companies expected to declare Q4FY26 earnings

The following companies were listed across the updates as scheduled to report Q4FY26 results on April 21:

• 360 ONE WAM Ltd
• Central Mine Planning & Design Institute Ltd
• Cyient DLM Ltd
• DB (International) Stock Brokers Ltd
• HCL Technologies Ltd
• Mahindra EPC Irrigation Ltd
• NDL Ventures Ltd
• Nestlé India Ltd
• Persistent Systems Ltd
• Powerica Ltd
• Purple Finance Ltd (included in one list)
• Rajratan Global Wire Ltd
• Sunteck Realty Ltd
• Transformers and Rectifiers (India) Ltd
• Tata Elxsi Ltd
• Tata Investment Corporation Ltd

Nestlé India: estimates point to double-digit revenue growth

Ahead of the results, experts cited in the updates expected Nestlé India to post double-digit year-on-year growth in revenue from operations and profit after tax, supported by high domestic volume growth. One set of estimates put revenue from operations up 12% to 14% year-on-year, in the range of ₹6,230 crore to ₹6,370 crore. Profit after tax in that preview was estimated to rise 11% to 14% year-on-year to ₹990 crore to ₹1,010 crore.

A separate consensus snapshot cited different point estimates: standalone revenue of ₹6,186 crore, EBITDA of ₹1,498 crore, and a margin of 24.21%, with net profit estimated at ₹926 crore. The differences reflect varying analyst models and the metrics used, but both sets broadly frame expectations around growth in the quarter.

HCLTech: preview models vary on revenue and profit

For HCL Technologies, multiple previews in the updates suggested year-on-year revenue growth in the March quarter, with a muted tone on the pace of growth. One preview estimated revenue around ₹34,398.7 crore, up about 14% year-on-year versus ₹30,246 crore a year ago, and about 4% quarter-on-quarter from ₹33,872 crore. The same preview put average net profit at ₹4,716 crore, around 10% higher year-on-year than ₹4,307 crore, and marginally up 0.77% sequentially from ₹4,680.6 crore.

Another consensus estimate cited revenue of ₹34,024 crore, EBIT of ₹5,977 crore, and net profit of ₹4,648 crore. The same estimate also referenced an EBIT margin of 15% while separately listing a 17.56% figure alongside the EBIT number, indicating that different sources in the stream were not fully aligned on margin representation.

Persistent Systems: focus on BFSI, HLS, and margin trend

Persistent Systems is also among the day’s major IT names, with estimates in the updates indicating revenue near the ₹4,000 crore level for Q4FY26. One forecast snapshot put revenue at ₹3,980 crore, EBIT at ₹661 crore, margin at 16.60%, and net profit at ₹521.04 crore. A TV segment cited rupee revenue growth of about 2.5% sequentially with revenue expected around ₹3,993 crore, and EBIT expectations improving to about ₹662 crore from ₹631 crore, with margins described as flat around 16.7%.

The same segment highlighted that management commentary would be closely watched for vertical-wise trends, particularly BFSI, and for updates on healthcare and life sciences (HLS), where it said spending had softened. It also flagged the importance of total contract value and margin trajectory.

Tata Elxsi: estimates track sub-₹1,000 crore revenue

Tata Elxsi’s preview numbers in the updates indicated revenue of ₹991.96 crore, EBIT of ₹213 crore, margin of 21.47%, and net profit of ₹187.73 crore. A separate note in the stream linked expectations to a recovery in segments such as HLS and media and communications, while framing the result day as one where commentary can matter as much as the headline growth.

Early stock moves: HCLTech up; Nestlé India higher

Ahead of the earnings releases, HCL Technologies was reported trading 0.48% higher at ₹1,435.10 on the NSE. Another timestamped update said that by 10:28 AM, HCLTech shares were up 0.55% at about ₹1,436.

Nestlé India’s stock was reported up 2.1% intraday, trading around ₹1,314 ahead of its Q4FY26 earnings release. These moves reflect positioning ahead of results rather than a reaction to declared numbers, as the updates were published before the announcements.

Key numbers to watch: estimates in one view

Q3 context: latest reported quarter before Q4 results

Some Q3FY26 results cited in the updates offer context on recent trends. HCL Technologies reported a 12.8% year-on-year rise in consolidated total income to ₹34,257 crore in Q3FY26 from ₹30,367 crore in Q3FY25, while net profit fell 11.14% year-on-year to ₹4,082 crore from ₹4,594 crore. Nestlé India reported consolidated total income of ₹5,678.75 crore in Q3FY26, up 18.7% year-on-year from ₹4,784.17 crore, while net profit rose 45.12% year-on-year to ₹998.42 crore from ₹688.01 crore.

Persistent Systems reported consolidated total income of ₹3,818.70 crore in Q3FY26, up 23% year-on-year from ₹3,104.92 crore, with net profit up 17.8% year-on-year to ₹439.45 crore from ₹372.99 crore. Separately, Persistent’s Q3 material in the stream also presented revenue at ₹3,778.21 crore (from ₹37,782.1 million) and EBIT at ₹631.78 crore (from ₹6,317.8 million), along with an EBIT margin of 16.7% excluding a one-time impact.

Why April 21 matters for market sentiment

With a cluster of results landing on the same day, investors tend to compare not just absolute growth but the tone of commentary on demand, deal pipelines, and margins. For IT services companies, management remarks around BFSI spending, healthcare and life sciences demand, and contract values can shape expectations for FY27. For FMCG, the focus often stays on volume growth and the outlook for domestic demand.

The day’s updates also reflected the typical earnings-season pattern: price movement ahead of results can be driven by expectations and positioning, while the post-result reaction depends on whether reported numbers and guidance align with the street.

Conclusion

April 21 is a packed Q4FY26 results session with at least 15 companies, and one list extending it to 16, set to report. Estimates in the updates frame expectations for HCLTech, Nestlé India, Persistent Systems, and Tata Elxsi, while early trading showed HCLTech marginally higher and Nestlé India up over 2% ahead of results. Next cues will come from the exchange filings and the scheduled earnings calls where management commentary and outlook are discussed.