HDFC Bank, Bajaj Finance, Apollo Tyres, Radico Khaitan, Shriram Finance, The India Cements, Zydus Wellness, and Indian Overseas Bank are among the 36 companies in the NIFTY500 index that saw their net profit rise for the fourth straight quarter in the quarter ended March 2026, data from Ace Equity showed.
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According to analysts, India Inc ended the financial year 2026 on a strong note with aggregate earnings rising by 16% year-on-year (YoY) in the quarter.
The strong performance was led by financials, metals, and oil marketing companies (OMCs), while technology, telecom, and automobiles also contributed meaningfully to earnings growth, analysts noted.
Here are the top five companies that posted net profit growth for a fourth straight quarter:
Bajaj Finance: The country’s leading non-banking finance company reported a net profit of ₹ 4,389 crore in the fourth quarter of the financial year 2025-26 (Q4FY26), marking an increase of 23% from ₹3,940 crore in the same period last year.
The NBFC company’s interest income for the fourth quarter rose 17% YoY to ₹16,203 crore in the fourth quarter of the financial year ended 2025-26, compared to ₹13,824 crore in the same period a year ago.
Bajaj Finance’s overall revenue from operations witnessed a nearly 18% rise year-on-year to ₹18,430 crore, compared with ₹15,638 crore in the same period last year. On the EPS front, the company’s earnings per share rose to ₹7.78 apiece, compared to ₹6.36 per share in the same period of the previous financial year.
HDFC Bank: The country’s largest private sector lender reported net profit of ₹19,221 crore in Q4FY26, marking an increase of 8% from ₹17,616.14 crore in the year-ago period.
The bank’s net profit in the fourth quarter of the financial year 2025-26 (Q4FY26) was supported by lower provisioning for bad loans. Its provisions declined 18% annually to ₹2,610 crore as against ₹3,193 crore.
The Mumbai-based lender’s net interest income, or the difference between interest earned on loans and expended on deposits, rose 3.2% to ₹33,082 crore from ₹32,066 crore in the year-ago period.
Its net interest margin came in at 3.38% on total assets and 3.53% based on interest earning assets.
HDFC Bank’s asset quality improved in the March quarter as its gross non-performing assets, as a percentage of total advances, came in at 1.15% compared with 1.33% in the year-ago period.
Radico Khaitan: The country’s leading liquor maker reported net profit of ₹175 crore, marking an upside of 93% from ₹91 crore in the year-ago period.
The company reported a net profit of ₹155 crore in the December quarter and ₹139 crore in the September quarter.
The company’s revenue from operations grew by 15.3% YoY. Total IMFL volume increased 4.0% whereas Prestige & Above category volume grew 27.9%.
Regular volume degrowth was due to a higher base of Q4 FY25 after the change in the route-to-market in the state of Andhra Pradesh, and the impact of the policy change in Maharashtra and Karnataka. Prestige & Above net revenue growth was 29.1% compared to Q4FY25.
Apollo Tyres: The tyre maker reported net profit of ₹903 crore in the March quarter, marking an increase of six times from ₹149 crore in the same period last year.
On a sequential basis, its profit more than doubled from ₹449 crore in the previous quarter.
Apollo Tyres posted a revenue growth of 14.1% at ₹7,370 crore as compared to ₹6,072 crore in the same period last year. The Asia Pacific, Middle East, and Africa region posted strong growth from ₹4,648 crore to ₹5,346 crore in the same period last year.
At the operational level, the company posted EBITDA growth of 27.65% at ₹1,108 crore as compared to ₹864 crore in the previous year’s same quarter. The EBITDA margin for the quarter expanded nearly 160 bps to 14.5%, as against 13.03% in the previous year same quarter of the previous year.
BSE: The company reported net profit of ₹799 crore in the March quarter, up over 100% from ₹397 crore in the year-ago period.
BSE’s revenue from operations came in at ₹1,564 crore in the fourth quarter of financial year 2025-26 (Q4FY26), marking an increase of 85% from ₹847 crore in the year-ago period.
The exchange’s board announced a final dividend of ₹10 per share and fixed July 10 as the record date and said that the payment will be made on or before Thursday, September 17, 2026.
BSE, in an investor presentation, said that the average daily turnover of its equity cash segment jumped to ₹79,500 million at the end of FY26 compared to ₹77,666 million in FY25.
The exchange’s average daily national turnover for the equity derivatives segment jumped to ₹245 trillion at the end of Q4, compared with ₹210 trillion in the previous quarter and more than doubled from ₹112 trillion in the same period last fiscal.
Bajaj Auto: The country’s second-largest two-wheeler maker reported net profit of ₹2,746 crore in the March quarter, marking an increase of 34% from ₹2,049 crore in the same period last year.
The Pune-based company’s revenue from operations also surged 32% in the reporting quarter to ₹16,006 crore as compared to ₹12,148 crore on a year-on-year (YoY) basis.
Bajaj Auto said its revenue from operations peaked yet again, driven by record volumes, improved mix and favourable currency, resulting in broad-based double-digit growth across all businesses—domestic motorcycles, e-2 wheelers, 3 wheelers and exports.
The country’s second-largest two-wheeler maker’s earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 36% to ₹3,323 crore in Q4 FY26 as against ₹2,450 crore in the corresponding quarter for the previous fiscal year.
