Reliance Industries’ board meets today after market hours to declare Q4 FY26 earnings and recommend an FY26 dividend, a day after Infosys beat estimates with a 21% profit surge, making this the busiest week of India’s earnings season with nearly 100 companies posting full-year FY26 results.<\/p>\n
Infosys<\/a> reported a 20.87% year-on-year jump in consolidated net profit to \u20b98,501 crore for Q4 FY26, clearing analyst estimates that had ranged from \u20b97,490 to \u20b97,790 crore across brokerages, including Nuvama Institutional Equities and Centrum Broking. Revenue from operations rose 13.4% YoY to \u20b946,402 crore, growing 2% sequentially in line with the upper end of analyst projections. The board declared a final dividend of \u20b925 per share (500% on face value), with a record date of June 10, 2026.<\/p>\n The company’s FY27 revenue guidance stands at 1.5%\u20133.5% constant currency growth, with an operating margin band of 20%\u201322%. Analysts at HDFC Institutional Equities had projected 2%\u20134% CC growth; the guidance came in at the lower half of that range. The IT sector context is stark: the Nifty IT index has fallen nearly 20% year-to-date, and Infosys shares were trading at \u20b91,255.20 on the NSE as of the earnings day, off 3.4% from the prior close.<\/p>\n What investors should track:<\/strong> Management’s commentary on discretionary IT spending from BFSI clients and the trajectory of Project Maximus, the cost-optimisation programme that analysts at Axis Securities credit with supporting EBIT margins at 21.1%.<\/p>\n Editor’s note:<\/strong> RIL’s board meets today, April 24, 2026. Results are expected after market hours, around 7\u20138 PM IST, based on the company’s past pattern. All figures below are brokerage estimates, not confirmed numbers.<\/p>\n<\/blockquote>\n Systematix Institutional Equities estimates consolidated revenue of \u20b92.82 lakh crore for Q4 FY26, up approximately 8% YoY, with consolidated EBITDA forecast at \u20b947,600 crore, up 8.5% YoY. However, Systematix puts net profit at \u20b919,217 crore, a 1% decline YoY. Business Standard’s consensus from brokerages including Nomura and Kotak places EBITDA in the \u20b944,000\u2013\u20b945,000 crore range, largely flat YoY, with net profit between \u20b916,200 crore and \u20b918,470 crore.<\/p>\n The O2C (oil-to-chemicals) segment faces the most pressure. Nomura estimates O2C EBITDA at \u20b915,100 crore, down 9% sequentially, citing high crude premiums, elevated freight and insurance costs tied to the West Asia conflict, and increased LPG output. Kotak Institutional Equities models O2C EBIT flat YoY but down 2.2% sequentially, while oil and gas EBITDA is seen falling 9.2% YoY. Notably, analysts have not uniformly priced in a prolonged Hormuz disruption, meaning actual O2C EBITDA could undershoot even Nomura’s bear-case \u20b915,100 crore estimate if RIL’s March-quarter refining spreads reflect spot freight and insurance rates from the peak of the West Asia escalation.<\/p>\n Jio’s telecom segment is the bright spot, with Nomura projecting Jio EBITDA at \u20b918,230 crore (up 15% YoY), supported by subscriber additions of around 8 million taking the base to 523 million, and ARPU rising to \u20b9216 per month from \u20b9213 in Q3 FY26.<\/p>\n RIL’s FY26 dividend history: \u20b95.50 per share paid August 14, 2025 (FY25); \u20b910 per share for FY24; \u20b99 for FY23; \u20b98 for FY22. The dividend amount for FY26 has not been announced yet and will be confirmed after tonight’s board meeting. The stock has declined 16.5% from its 52-week high of \u20b91,611 and is down 14.5% in 2026, underperforming the Sensex’s 8.9% decline over the same period.<\/p>\n Key trigger beyond results:<\/strong> JM Financial flags the Jio IPO filing expected within months as the next major re-rating catalyst. SEBI recently relaxed IPO norms for companies valued above \u20b95 lakh crore, requiring only a 2.5% dilution.<\/p>\n Adani Energy Solutions<\/a> reported consolidated net profit of \u20b9683.78 crore for Q4 FY26, a 5.66% increase from \u20b9647.15 crore in Q4 FY25. The stock was trading 0.10% lower at \u20b91,366.50 on the NSE ahead of the April 23 announcement.<\/p>\n Editor’s note:<\/strong> Adani Green Energy reports Q4 FY26 results on April 27, 2026, three days from now. No earnings figures are available yet. The information below covers current stock status and analyst expectations only.<\/p>\n<\/blockquote>\n At \u20b9852.65, Adani Green’s stock trades 27.6% below its 52-week high of \u20b91,177.55 and 30% below the analyst consensus 12-month price target of \u20b91,220.50, per Investing.com. Seven of eight analysts tracked rate it a “buy.” However, technical indicators currently show a strong sell signal, a divergence between fundamental targets and near-term momentum that investors should weigh before the April 27 declaration.<\/p>\n Editor’s note:<\/strong> Dabur India announces Q4 FY26 results on April 30, 2026, six days from now. No earnings figures are available. The information below covers analyst estimates and current stock status only.<\/p>\n<\/blockquote>\n Analyst consensus from Univest estimates revenue of \u20b93,200\u2013\u20b93,400 crore and PAT of \u20b9390\u2013\u20b9420 crore for Q4 FY26. The stock trades around \u20b9515 on the NSE, against a 52-week low of \u20b9490 and a high of \u20b9660. Morgan Stanley carries an Underweight rating with a \u20b9396 target. For context, Dabur’s Q4 FY25 net profit fell 8.4% YoY to \u20b9312.73 crore; Q4 FY26 estimates imply a recovery if met. Analysts remain cautious, citing geopolitical uncertainty weighing on Dabur’s international business due to supply-chain disruptions around key shipping routes. Separately, Dabur Ventures made its first investment in April 2026, acquiring a minority stake in RAS Beauty for \u20b960 crore, strengthening its presence in premium skincare.<\/p>\n Also check:<\/p>\n \u20b98,501 crore \u2014 a 20.87% jump YoY, confirmed by the company on April 23. This beat the consensus estimate of \u20b97,490\u2013\u20b97,790 crore. EPS rose 23.8% YoY to \u20b921.01.<\/p>\n Revenue stability in BFSI kept the top line steady while Project Maximus, Infosys’s internal cost-optimisation programme, pushed EBIT margins to 21.1% above the 21% analysts at Axis Securities had modelled. A rupee depreciation tailwind further helped margins expand sequentially. The result: net profit of \u20b98,501 crore beat the highest estimate (\u20b97,790 crore from Centrum Broking) by over \u20b9700 crore.<\/p>\n At \u20b9852.65, the stock trades 30% below the analyst consensus target of \u20b91,220.50. However, technical indicators show a Strong Sell signal, creating a divergence between fundamental targets and near-term momentum. Q4 FY26 results on April 27 will be the next catalyst.<\/p>\n","protected":false},"excerpt":{"rendered":" Reliance Industries’ board meets today after market hours to declare Q4 FY26 earnings and recommend an FY26 dividend, a day after Infosys beat estimates with a 21% profit surge, making this the busiest week of India’s earnings season with nearly 100 companies posting full-year FY26 results. Infosys: Confirmed Q4 FY26 results Infosys reported a 20.87% […]<\/p>\n","protected":false},"author":11,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1523],"class_list":{"0":"post-24927","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1523,"user_id":11,"is_guest":0,"slug":"nikki","display_name":"Nikki Lodha","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/ae2e265bd56e0e890c866fbaa55d29846ba20cc5372adf666652268816af117e?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/24927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=24927"}],"version-history":[{"count":5,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/24927\/revisions"}],"predecessor-version":[{"id":24933,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/24927\/revisions\/24933"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/24929"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=24927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=24927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=24927"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=24927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Reliance Industries: Results expected tonight \u2014 estimates only<\/strong><\/h2>\n
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Adani Energy Solutions: Confirmed Q4 FY26 results<\/h2>\n
Adani Green Energy: Results due April 27 not yet declared.<\/h2>\n
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Dabur India: Results due April 30 have not yet been declared.<\/h2>\n
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Questions investors are searching right now<\/h2>\n
What was Infosys’s actual Q4 FY26 profit?<\/strong><\/h3>\n
What segments drove Infosys’s Q4 FY26 profit beat?<\/strong><\/h3>\n
Is Adani Green undervalued at current prices?<\/strong><\/h3>\n