Result:Very Good· Market: FlatMargin expansionBase effect
Beat/Miss: Beat
| Metric | Value | Q4 FY26 | Q1 FY26 |
|---|---|---|---|
| Revenue | 47.4K Cr | 7.5% | 9.8% |
| Total Income | 48.1K Cr | 6.7% | 10.6% |
| Expenditure | 41.8K Cr | 10.7% | 3.7% |
| PBT | 6.3K Cr | 72.2% | 97.3% |
| Net Profit | 4.7K Cr | 75.6% | 112.6% |
| OPM | 19.81% | 32.01pp | 2.25pp |
| NPM | 9.77% | 27.58pp | 4.69pp |
| EPS | 19.05 | 71.6% | 112.8% |
EBITDA margin expanded to 19.8% from 17.8% with like-for-like revenue growth of ~18.8% (ex-BPSL) and PAT of ₹4,696 Cr clearly beating the ~₹3,180 Cr street estimate, though the 112.6% YoY PAT jump is flattered by a weak year-ago base.
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