Q4 Results Today: 148 Firms Set to Report FY26

A packed earnings day on Dalal Street

Thursday, May 15, is set to be one of the busiest earnings sessions of the March-quarter season, with 148 companies scheduled to declare Q4 FY26 results. The list spans power, metals, defence-linked manufacturing, healthcare, and infrastructure names, making it a broad read-through for sectoral sentiment. Among the companies in focus are Power Grid Corporation of India, Tata Steel, and Solar Industries India. Other widely tracked names expected to report include Steel Authority of India (SAIL), NHPC, Cochin Shipyard, and Gland Pharma. With such a large cluster of results on one day, stock-specific moves often depend on management commentary and outlook as much as on headline numbers.

Key companies announcing Q4 FY26 results today

The earnings slate includes large and mid-cap companies across multiple segments, with particular attention on power and metals counters. Power Grid and NHPC bring a read on the broader power value chain, while Tata Steel and SAIL add to the narrative on steel demand and pricing. Cochin Shipyard and Hindustan Copper are also on the list, alongside Premier Energies, indicating representation from industrial and energy-adjacent themes. The day’s calendar also features companies such as Godrej Industries, Godfrey Phillips India, ITC Hotels, and Gland Pharma, expanding the scope beyond cyclicals. Because these companies operate in very different end-markets, the aggregate earnings day can generate divergent sector moves rather than a single market-wide trend.

Power Grid: what the last quarter showed

For Power Grid Corporation of India, investors will track whether profitability stabilises after a weaker December quarter. In Q3 FY26, the state-run power transmission major reported a 4% year-on-year decline in net profit to Rs 3,862 crore. That print sets a recent reference point for the market heading into the March-quarter announcement. While Q4 numbers will be the key data point, investors typically also monitor updates on execution, project timelines, and regulated returns in transmission businesses.

Solar Industries: stock action ahead of earnings

Solar Industries India has been among the more actively tracked counters ahead of its upcoming results. The stock last closed at Rs 16,670, up 5.6% from the previous day. Over the past year, it has risen nearly 20%, highlighting strong investor interest. In the previous quarter, the company reported profit growth of 42% year-on-year, and the stock rallied more than 6% after the Q3 results announcement. With the stock already pricing in a strong run, market reaction to Q4 FY26 numbers may depend on whether performance and commentary match elevated expectations.

Solar Industries: Q4 expectations flagged by estimates

Some reports have highlighted analyst estimates for Solar Industries India’s Q4 FY26 performance. These estimates put revenue at Rs 2,100-2,300 crore, with profit after tax (PAT) expectations of Rs 320-360 crore. Margin projections referenced include EBITDA margin of 23-25%. Separately, the company’s board was expected to meet in May 2026 to approve audited statements and consider a final dividend recommendation, as per the same preview context. These figures are estimates, not company guidance, and they primarily serve as a benchmark for how results might be judged on the day.

What Solar’s last disclosed annual and Q4 numbers show

For longer-term context, Solar Industries reported strong FY25 and Q4 FY25 numbers. FY25 net revenue was Rs 7,540.26 crore, with net profit of Rs 1,288 crore. In Q4 FY25, revenue was Rs 2,166.55 crore and net profit was Rs 346 crore, with EBITDA reported at Rs 546 crore and EBITDA margin at 25.21%. The company also proposed a dividend of Rs 10 per share for FY25, up from Rs 8.5 per share in the previous year. Management commentary at the time pointed to the company delivering its “highest-ever” sales and profitability for the quarter and year.

Next week’s earnings calendar: more large names lined up

Beyond the May 15 cluster, several other major companies are lined up to report Q4 results next week. Names mentioned include Indian Oil Corporation, Apollo Hospitals Enterprise, Grasim Industries, Hindalco Industries, and Sun Pharmaceutical Industries. With these companies spread across oil marketing, hospitals, diversified manufacturing, non-ferrous metals, and pharmaceuticals, the next week’s results will extend the market’s sector-by-sector read-through.

Market impact: why today’s results matter

A day with 148 earnings announcements can shift attention from index-level moves to stock-specific performance. In such sessions, results surprises and commentary can drive sharp moves, especially in stocks that have run up into earnings, as seen in Solar Industries’ recent price action. For power and metals names, Q4 results may shape near-term views on profitability and operating conditions, even when longer-term drivers remain intact. Investors also tend to compare outcomes against recent quarters, such as Power Grid’s Q3 FY26 net profit of Rs 3,862 crore and Solar’s previous-quarter profit growth of 42% year-on-year.

Key facts at a glance

What to watch once the numbers are out

Investors will typically look beyond headline profit and focus on drivers: operating margins, demand commentary, and any updates on capex or dividends. For Solar Industries, the gap between reported numbers and the estimate range of Rs 2,100-2,300 crore revenue and Rs 320-360 crore PAT may shape immediate market reaction. For Power Grid, the Q4 print will be compared against the Q3 FY26 profit of Rs 3,862 crore and any signs of improvement from the prior year decline. With many sectors reporting on the same day, the market’s response may be uneven, with leadership shifting based on which companies deliver the clearest incremental signals.

Conclusion

May 15 brings a heavy Q4 FY26 earnings slate, with 148 companies set to report and key focus on Power Grid, Tata Steel, and Solar Industries. The day’s results and commentary are likely to set the tone for sector-specific trading, while the earnings calendar continues with large names scheduled next week.