Maruti Suzuki, Eternal Among Companies to Release Q4 2026 Results Today
Indian Stock Market Awaits Q4 Results from Over 40 Companies
Tuesday, April 28, 2026, marks the day when more than 40 companies in India will release their financial results for the quarter ending March 31, 2026. The list of companies includes several marquee names such as Maruti Suzuki, Eternal, REC, Garden Reach Shipbuilders & Engineers, Go Digit General Insurance, and Bandhan Bank. This robust earnings calendar is expected to drive significant participation in the Indian stock market.
Indian Stock Market Ends Losing Streak
In a positive sign ahead of the Q4 results, the Indian stock market ended its three-day losing streak on Monday. The Sensex rose 639.42 points, or 0.83%, to finish at 77,303.63, while the Nifty 50 gained 194.75 points, or 0.81%, to settle at 24,092.70.
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Q4 Results Preview for Key Companies
Maruti Suzuki India
Brokerage firm Motilal Oswal has provided a preview of Maruti Suzuki's Q4 results, highlighting healthy volume growth of 12% YoY led by steady demand. However, the firm expects capacity constraints to cap upside. The export mix has improved 500bp QoQ to 21%, which may help to partially offset the surge in input costs. Motilal Oswal expects Maruti Suzuki's margins to decline 60bp QoQ to 11.8% and post 7% YoY PAT growth in the March quarter.
| Company | Q4 QoQ Growth in PAT | Q4 YoY Growth in PAT |
|---|---|---|
| Maruti Suzuki | 7% | - |
| Eternal | - | - |
| REC | - | - |
| Garden Reach Shipbuilders & Engineers | - | - |
| Go Digit General Insurance | - | - |
| Bandhan Bank | - | - |
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Eternal
Brokerage firm Kotak Institutional Equities expects Eternal to post 20% YoY growth in food delivery GMV and 99% YoY growth in Blinkit NMV. The firm anticipates 30bps QoQ expansion in CM and 20bps QoQ expansion in the EBITDA margin of the food delivery business to 8.8% and 4.6%, respectively. Kotak Institutional Equities expects Eternal to post adjusted EBITDA (post-rent, pre-ESOP) of Rs6.6 bn, higher YoY.
Stock Market Participants Expect Robust Action
Stock-specific action is expected to remain robust, with a heavy earnings calendar driving participation. Key companies in focus include Maruti Suzuki India, where margin trends and dividend announcements will be closely tracked, and Bandhan Bank, with attention on asset quality and loan growth.
Investor Takeaway
Investors should closely track margin trends and dividend announcements for Maruti Suzuki and asset quality and loan growth for Bandhan Bank.
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