Q4 results 2026: BHEL triples profit, Petronet, Wockhardt

The Q4FY26 earnings season stayed busy on Monday, May 4, with around 47 BSE and NSE-listed companies scheduled to report results, according to the BSE result calendar. The day also set up a fresh list of stocks to track for the next session, including Coforge, Hero MotoCorp, L&T, Mahindra, Marico, and Tata Technology.

Among the companies that reported post market hours or through live updates, results were led by a sharp year-on-year profit jump at Bharat Heavy Electricals (BHEL), a strong quarter at Petronet LNG, and a turnaround at Wockhardt. Several companies also announced final dividends and other corporate actions alongside their quarterly numbers.

Result calendar focus: May 4 announcements

The BSE result calendar flagged BHEL, Tata Chemicals, Tata Technologies, and Ambuja Cement among the major companies to declare earnings for the January to March quarter of FY26 on Monday, May 4. The earnings flow reflected how packed the peak of Q4FY26 season has been, with multiple sectors reporting on the same day.

The live updates also highlighted that several blue-chip names and midcaps were expected to release results, with investors tracking profits, operating performance, and dividend declarations as key triggers for near-term price action.

BHEL Q4FY26: profit up 156% and dividend announced

BHEL reported a sharp improvement in headline numbers for Q4FY26 on a year-on-year basis. Net profit rose to ₹1,290 crore from ₹504 crore, a gain of 156%. Revenue increased to ₹12,310 crore from ₹8,993 crore, up 36.9%.

Operating performance strengthened as well, with EBITDA at ₹1,753 crore versus ₹831 crore, up 111%. EBITDA margin improved to 14.2% from 9.2%, a 500 bps increase. The company recommended a final dividend of ₹1.40 per share.

A brokerage note cited in the updates added colour on the quarter. Kotak Securities said a ₹750 crore positive swing could have added 3.6% to EBITDA margins, and attributed the balance sheet swing to forex gain and provision reversal.

BHEL stock reaction: upper circuit mentioned in updates

The live coverage noted that BHEL shares hit an upper circuit after the results. One update said the stock traded at ₹387.5, up 10% versus the prior close of ₹352.4, on the back of the Q4FY26 earnings.

Petronet LNG Q4FY26: profit rises, revenue falls QoQ

Petronet LNG reported a strong profit increase for the quarter, alongside a sequential decline in revenue as captured in the live feed. Net profit was reported up 57.6% at ₹1,371 crore versus ₹870 crore on a quarter-on-quarter basis.

Revenue was reported down 15.4% at ₹9,442 crore versus ₹11,164 crore (QoQ). EBITDA rose 55.2% to ₹1,861 crore versus ₹1,199 crore and margin expanded to 19.7% from 10.7%. The company recommended a final dividend of ₹3 per share, and tax expense was reported at ₹457 crore versus ₹296 crore.

Separately, another Petronet update in the feed presented year-on-year comparisons: profit at ₹1,337.5 crore versus ₹1,067.5 crore and revenue at ₹9,442 crore versus ₹12,315.7 crore, with EBITDA at ₹1,861 crore versus ₹1,512 crore and margin at 19.7% versus 12.2%.

Wockhardt Q4FY26: swings to profit and approves fundraising

Wockhardt reported a turnaround in Q4FY26. Net profit stood at ₹166 crore versus a loss of ₹25 crore a year ago. Revenue increased 29.9% to ₹965 crore from ₹743 crore.

EBITDA came in at ₹225 crore versus ₹64 crore, and EBITDA margin expanded to 23.3% from 8.6%. The company also approved fundraising through QIP, equity, and other modes.

Tata Technologies Q4FY26: profit jumps and dividend recommended

Tata Technologies reported profit of ₹204 crore versus ₹6.6 crore in another update, alongside revenue growth. Revenue increased 15.1% to ₹1,572 crore from ₹1,366 crore, while EBIT rose 31% to ₹205 crore from ₹157 crore.

EBIT margin improved to 13.1% from 11.9%. The live updates also mentioned a one-time labour code impact of ₹56.1 crore versus a gain of ₹140 crore.

On shareholder payouts, one update said Tata Technologies recommended a final dividend of ₹8.35 per share and a special dividend of ₹3.35 per share. Another earlier line in the feed referenced a final dividend recommendation of ₹11.70.

Ambuja Cement Q4FY26: mixed profit figures across updates

Ambuja Cement’s revenue was reported at ₹10,915 crore versus ₹9,981 crore, up 9.4% year-on-year. Operating EBITDA was reported at ₹1,464 crore versus ₹1,868 crore, down 21.6%, with margin at 13.4% versus 18.7%.

On profit, the live feed carried different figures in different updates. One result snapshot reported profit at ₹569 crore versus ₹856 crore, down 33.5%, alongside a dividend of ₹2 per share and a note that Ambuja Cement continues to remain debt free. Another later line in the same feed stated profit surged 78.5% to ₹1,830 crore versus ₹1,025 crore year-on-year.

Other notable Q4FY26 prints: metals, NBFCs, FMCG

Jindal Stainless reported Q4FY26 revenue up 7.8% at ₹11,337 crore versus ₹10,518 crore (QoQ), EBITDA up 3.3% at ₹1,455 crore versus ₹1,408 crore, and net profit up 1.9% at ₹844 crore versus ₹828 crore. EBITDA margin was 12.8% versus 13.4%. The company declared a final dividend of ₹3 per share.

Manappuram Finance swung to profit, reporting net profit of ₹404 crore versus a loss of ₹191.2 crore, while total income rose 11.1% to ₹2,626 crore from ₹2,363 crore.

Jyothy Labs reported profit at ₹67.5 crore versus ₹77 crore, down 12.3% year-on-year, while revenue rose 7.7% to ₹717.4 crore from ₹666 crore. EBITDA was reported at ₹96.7 crore versus ₹112.3 crore, and it recommended a final dividend of ₹3.50 per share.

Realty: Sobha profit more than doubles and dividend announced

Sobha’s live result snapshot showed net profit at ₹91.8 crore versus ₹40.9 crore, revenue at ₹1,988 crore versus ₹1,241 crore, EBITDA at ₹152 crore versus ₹94 crore, and margin at 7.65% versus 7.58%. A dividend of ₹6 per share was mentioned in the live update.

A separate regulatory filing cited in another report stated Sobha’s consolidated net profit was ₹91.83 crore versus ₹40.85 crore, and total income rose to ₹2,029.92 crore from ₹1,270.73 crore. For FY26, profit was reported at ₹193.40 crore versus ₹94.68 crore, and total income at ₹5,383.76 crore versus ₹4,162.75 crore.

An additional market update noted Sobha’s stock closed at ₹1,447, up 1.07% on the BSE, ahead of the results.

Snapshot table: key numbers reported in the updates

Market impact: what investors tracked through the day

The earnings flow showed a clear focus on profit swings, margin shifts, and cash returns through dividends. BHEL’s strong year-on-year improvement and margin expansion were a prominent trigger in the live coverage, alongside the stock’s reported upper-circuit move.

For Petronet LNG, the mix of higher profit and EBITDA versus lower sequential revenue kept attention on operating leverage and margin expansion. In Wockhardt’s case, the swing from loss to profit and the decision to pursue fundraising via QIP and other equity routes were the key corporate-action signals.

The live blog format also meant investors had to track updates carefully, as seen in Ambuja Cement and Tata Technologies where multiple lines carried different profit or dividend figures within the same stream.

Conclusion

Q4FY26 results on May 4 delivered sharp moves in profitability for companies such as BHEL, Petronet LNG, and Wockhardt, alongside a steady drumbeat of dividend announcements from multiple sectors. With the earnings season still at its peak and dozens of companies reporting, markets are set to stay headline-driven as more Q4FY26 scorecards and corporate actions are released in the coming sessions.