Tata Steel, NHPC and Other Companies to Release Q4 2026 Earnings Results

Indian Companies to Release Q4 Results Amid Ongoing Earnings Season

Friday, 15 May, marks a significant day for the Indian stock market as approximately 145 companies are scheduled to release their financial results for the quarter ended on March 31, 2026. This includes marquee companies such as Power Grid Corporation of India, Tata Steel, Steel Authority of India, NHPC, Cochin Shipyard, ITC Hotels, and SJVN.

The Indian stock market witnessed a broad-based buying trend across most segments, primarily driven by short covering following the recent decline. As a result, the Sensex gained 790 points, or 1.06%, to settle at 75,398.72, while the Nifty 50 advanced 277 points, or 1.18%, to close at 23,689.60. Meanwhile, the broader markets saw the Nifty Midcap 150 index climb 1.18%, and the Smallcap 250 index end the session nearly unchanged.

Tata Steel's Q4 results are expected to be driven by its Net Sales Revenue (NSR), which is believed to offset the impact of higher input costs and subdued volumes. The company's Europe operations are also expected to improve mainly due to increasing Average Selling Prices (ASPs) despite ongoing conflict. Additionally, Tata Steel's volume is expected to be subdued mainly in the European Union.

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Brokerage firm Kotak Institutional Equities also estimates that standalone steel realizations will increase by 7.9% QoQ (+3.5% YoY) on account of price hikes during the quarter. Furthermore, the firm expects standalone volumes to increase by 10.7% yoy (+2.6% qoq) to 6.2 million tons.

Power Grid Corporation of India is also set to release its Q4 results, with Kotak Institutional Equities expecting the company to post capital expenditure (capex) of ₹86 billion and asset capitalization of ₹115 billion in 4QFY26. The brokerage firm also expects a tad better PAT growth, reflecting improved asset capitalization in the current and previous quarters.

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Brokerage firm Motilal Oswal estimates that Power Grid's revenue will grow 12% YoY /11% QoQ to ₹123 billion in 4QFY26. The firm further expects EBITDA and PAT to grow by 18%/6% YoY due to a pickup in capex and capitalization as right-of-way constraints and other project-related delays could have a relatively lower impact.

The Indian stock market is expected to closely watch the Q4 results of these companies, which may have a significant impact on the market's performance in the coming days.