Q4 Results 02nd May Live: Kotak Mahindra Bank profit jumps 13%; Avenue Supermarts, APL Apollo Tubes, Epigral, Netweb Tech to announce Q4 results

Companies

NMDC iron ore output rises 16% in April, sales flat year-on-year

NMDC Limited, the state-owned iron ore miner, produced 4.64 million tonnes (MT) of iron ore in April 2026, up 16 per cent from 4.00 MT in April 2025.

Sales for the month stood at 3.68 MT, marginally higher than 3.63 MT in the same month last year — a year-on-year rise of under 2 per cent, suggesting that the production ramp-up has yet to translate into a proportionate increase in offtake.

The Chhattisgarh operations drove the production growth, with output climbing to 3.66 MT from 2.85 MT a year ago — a jump of nearly 28 per cent. Sales from the sector also improved, rising to 3.16 MT from 2.82 MT.

Karnataka, however, told a different story. Production there fell to 0.98 MT from 1.15 MT, a decline of around 15 per cent. Sales from the Karnataka sector dropped more sharply, from 0.81 MT to 0.52 MT — a fall of roughly 36 per cent, pointing to possible logistical or demand-side constraints in the region.

Quarterly results

Jindal Steel Q4 results live: Jindal Steel posts ₹1,041 crore quarterly profit as angul expansion pays off

Jindal Steel Limited reported a net profit of ₹1,041 crore for the January-March 2026 quarter (Q4FY26), a sharp turnaround from a loss of ₹304 crore in the same quarter last year, according to an earnings presentation filed with stock exchanges on May 2, 2026. 

For the full financial year FY26, the company posted a profit after tax of ₹3,361 crore, up 18 per cent from ₹2,846 crore in FY25. 

Gross revenue for Q4FY26 came in at ₹19,399 crore, up 25 per cent year-on-year and 28 per cent quarter-on-quarter. Full-year gross revenue rose 8 per cent to ₹62,412 crore from ₹58,044 crore in FY25. Revenue figures include GST and other income. 

Adjusted EBITDA for Q4FY26 stood at ₹2,647 crore, compared to ₹1,593 crore in Q3FY26 and ₹2,251 crore in Q4FY25. On a per-tonne basis, adjusted EBITDA was ₹10,093 in Q4FY26. For FY26, adjusted EBITDA came in at ₹9,099 crore, marginally lower than ₹9,339 crore in FY25, with per-tonne realisation declining 11 per cent due to softer steel prices through much of the year. 

Steel production for the full year rose 14 per cent to 9.25 million tonnes (MT), while sales volumes grew 9 per cent to 8.68 MT. Q4FY26 saw a strong sequential pickup, with production at 2.65 MT and sales at 2.62 MT. 

The Angul plant’s expansion from 6.0 MTPA to 12.0 MTPA was completed during the year, with key facilities including Blast Furnace 2, two basic oxygen furnaces, and a Cold Rolling Mill complex commissioned across FY26. 

Net debt rose to ₹16,019 crore as of March 2026 from ₹11,957 crore a year ago, reflecting capital expenditure of ₹9,574 crore during the year. The Net Debt/EBITDA ratio stood at 1.66x. 

The board recommended a final dividend of ₹2 per share. For FY27, the company has guided for steel production of 11.0–11.5 MT and sales of 10.5–11.0 MT. 

Quarterly results

Square Yards Q4 results live: Square Yards record FY26 Financial results with ₹2,086 crore revenue and EBITDA of ₹176 crore

Revenue Growth: Revenue of ₹ 2,086 crore (~USD 223 million), up 48 per cent Y-Y, achieving a 5-year CAGR of ~53 per cent. Revenue has grown 8.5x from ₹ 246 crore in FY21. 

Profitability Milestone: EBITDA of ₹ 176 crore (~USD 19 million), up ~269 per cent Y-Y, with EBITDA margin expanding 504 bps from 3 per cent in FY25 to 8 per cent in FY26 – the third consecutive year of positive EBITDA. 

Gross Profit: Gross Profit reached ₹ 476 crore (~USD 51 million), growing 49 per cent Y-Y, with gross margins sustained at 23 per cent on a significantly larger revenue base. 

Segmental EBITDA: Segmental EBITDA grew 71 per cent Y-Y to ₹ 314 crore, with margins expanding from 13 per cent to 15 per cent (+206 bps). 

India remains the engine: India revenue grew 57 per cent Y-Y vs 48 per cent overall, with India now contributing 88 per cent of total revenue. International (GCC + ROW) contributes the balance 12 per cent. 

Q4 Acceleration: Q4 FY26 delivered 53 per cent Y-Y revenue growth, the strongest quarter of the year, setting strong exit momentum for FY27. 

FY27 Outlook: Square Yards targets 40 per cent+ revenue growth and double-digit EBITDA margins for FY27. 

“We are at an interesting trisection of scale, growth and profitability. And with network flywheel effects and leverage playing out across the ecosystem, this is the best operational phase we have ever been in. Even with the scale, we are still operating at low single digit market share and that allows us room to think beyond the next 5 years of growth.” 

— Tanuj Shori, Founder and CEO, Square Yards 

Quarterly results

Filatex India Q4 results live: Filatex India posts 37% PAT jump in FY26, margins improve despite revenue dip

Polyester filament yarn maker Filatex India Limited reported a 36.66 per cent year-on-year rise in net profit for FY26, even as annual revenue contracted marginally, the company disclosed in its earnings release on Thursday. 

Profit after tax for the full year ended March 31, 2026, came in at ₹183.90 crore, up from ₹134.57 crore in FY25. Revenue from operations fell 2.15 per cent to ₹4,160.52 crore from ₹4,252.52 crore a year ago. EBITDA surged 34.47 per cent to ₹346.52 crore, with margins expanding sharply to 8.33 per cent from 6.06 per cent in FY25. 

For the fourth quarter alone, the company posted a PAT of ₹40.25 crore, down slightly from ₹41.38 crore in Q4FY25. Quarterly revenue declined 8.75 per cent to ₹985.49 crore. EBITDA, however, improved 13.89 per cent to ₹86.24 crore with a margin of 8.75 per cent, up from 7.01 per cent a year earlier. 

Production volumes were broadly stable at 3,89,027 MT for the year, while sales volumes dipped marginally to 3,88,813 MT. 

The company flagged that geopolitical tensions in West Asia pushed up crude-linked raw material costs — specifically PTA and MEG — in March 2026, causing cautious buying and lower operating rates industry-wide. Higher freight and insurance costs compounded the pressure. However, the government’s removal of customs duties on PTA and MEG from April 2, 2026, for an initial three-month period is expected to ease near-term input cost pressures. 

On the capital expenditure front, Filatex said its ₹300 crore textile-to-textile recycling project (26,750 TPA capacity) and a ₹235 crore brownfield capacity expansion of roughly 55,000 TPA are both on track for commissioning by September 2026. A renewable energy push — targeting an increase in renewable power share from 26 per cent to 55 per cent — is slated for completion by November 2026. 

The company also signed a memorandum of understanding with American & Efird Global, LLC to trial chemically recycled polyester yarn in thread manufacturing, a move aimed at validating its recycled yarn offering in higher-value segments.