500 Companies to Release Q4 Results Next Week: BEL, LIC Among Them
Quarter 4 Earnings Season Enters Crucial Phase
As the earnings season enters its sixth week, more than 500 companies are scheduled to release their financial results for the quarter ended on March 31, 2026. The upcoming week is expected to be crucial from an earnings perspective, with major heavyweight companies including Hindalco Industries, Sun Pharmaceutical Industries, and Eicher Motors set to announce their results. These announcements could significantly influence sectoral momentum.
The benchmark indices, Sensex and Nifty 50, ended their two-session gaining streak on Friday, May 15, amid profit booking triggered by weak global sentiment, a sharp rise in crude oil prices, and the rupee slipping to a fresh record low against the US dollar. The Sensex declined 161 points, or 0.21%, to close at 75,237.99, while the Nifty 50 dropped 46 points, or 0.19%, to settle at 23,643.50.
Q4 Results Preview for Key Companies
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Indian Oil Corporation (IOC)
Brokerage firm Motilal Oswal expects refinery throughput to rise 4% year-on-year (YoY) to 19.3mmt. The firm anticipates a Gross Refining Margin (GRM) of $19/bbl, with a gross marketing margin of ₹2/lit. However, petchem cracks have remained subdued, which should have a bearing on the company's petchem division.
| Brokerage Firm | Projected GRM | Projected Refinery Throughput |
|---|---|---|
| Motilal Oswal | $19/bbl | 19.3mmt |
| Kotak Institutional Equities | $16/bbl | 19.7mmt |
Nykaa
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
MOFSL expects revenue to grow 26% YoY, with Beauty and Personal Care (BPC) likely delivering ~24% YoY growth in both Gross Merchandise Value (GMV) and Net Sales Value (NSV). The brokerage firm expects the fashion segment to grow 33% YoY in NSV, with early signs of recovery now visible.
| Brokerage Firm | Projected Revenue Growth | Projected BPC Growth |
|---|---|---|
| MOFSL | 26% YoY | ~24% YoY |
Ola Electric
Kotak Institutional Equities expects Ola Electric's revenues to decline by 51% YoY driven by a 59% YoY decline in volumes and an 8% YoY increase in Average Selling Prices (ASPs) due to higher PLI accrual and a higher mix of motorcycles. The firm expects the company to report an EBITDA loss of Rs2.2 bn in 4QFY26.
| Brokerage Firm | Projected Revenue Decline | Projected EBITDA Loss |
|---|---|---|
| Kotak Institutional Equities | 51% YoY | Rs2.2 bn |
List of Companies to Declare Q4 Results 2026 between 18 May to 22 May
| Date | Companies |
|---|---|
| 18 May | Indian Oil Corporation (IOC), Nykaa |
| 19 May | Ola Electric, Hindalco Industries, Sun Pharmaceutical Industries, Eicher Motors |
| 20 May | Bharat Electronics (BEL), Bharat Petroleum Corporation (BPCL), Lenskart Solutions, Grasim Industries, Life Insurance Corporation of India (LIC), ITC |
| 21 May | JSW Cement |
| 22 May | Bharat Petroleum Corporation (BPCL) |
Investor Takeaway
Investors should keep an eye on the Q4 results of these companies for sectoral momentum.
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