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Revenue Soars, But Margins Narrow in Q4 FY26
21 May
Summary
- Revenue grew 11.7% year-over-year to Rs 10,224.4 crore in Q4 FY26.
- EBITDA saw a 5.9% year-over-year increase to Rs 2,981.6 crore.
- EBITDA margin contracted 160 basis points to 29.2% in Q4 FY26.

The company reported a significant increase in its revenue from operations for the fourth quarter of fiscal year 2026. Revenue climbed 11.7% year-over-year, reaching Rs 10,224.4 crore, up from Rs 9,149.5 crore in the same period of the prior fiscal year.
EBITDA also showed positive growth, increasing by 5.9% year-over-year to Rs 2,981.6 crore during the quarter. This figure is compared to Rs 2,816 crore posted in the corresponding quarter of the previous financial year.
However, this growth was accompanied by a reduction in profitability margins. The EBITDA margin contracted by 160 basis points, settling at 29.2% in Q4 FY26. This is a notable decrease from the 30.8% margin recorded in the same quarter of the previous fiscal year.