{"id":11869,"date":"2026-05-13T07:29:41","date_gmt":"2026-05-13T07:29:41","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?p=11869"},"modified":"2026-05-13T07:48:24","modified_gmt":"2026-05-13T07:48:24","slug":"bharti-airtel-tata-motors-q4-preview","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/market-updates\/bharti-airtel-tata-motors-q4-preview\/","title":{"rendered":"Bharti Airtel, Tata Motors lead heavy Q4 results week"},"content":{"rendered":"
\"Bharti<\/figure>\n\n\n

Nearly 100 companies including Bharti Airtel<\/strong>, Tata Motors<\/strong>, Cipla<\/strong>, Oil India<\/strong> and Hindustan Petroleum Corporation<\/strong> are set to report Q4 FY26 results on Wednesday, with analysts focused on revenue growth, margin resilience and key technical levels across telecom, auto and energy stocks.<\/p>\n\n\n\n

The earnings-heavy week, which also features Kaynes Technology<\/strong>, Power Finance Corporation<\/strong> and LIC Housing Finance<\/strong>, comes amid recent weakness in benchmark indices and sector-specific moves driven by stock\u2011specific expectations.<\/p>\n\n\n\n

Market overview and earnings calendar<\/h2>\n\n\n\n
Statistic<\/strong><\/td>Value\/Change<\/strong><\/td>Context<\/strong><\/td><\/tr>
Companies reporting May 11<\/strong><\/td>Over 70<\/td>Includes Canara Bank, Indian Hotels, JSW Energy, PVR INOX<\/td><\/tr>
Companies reporting May 12<\/strong><\/td>Over 100<\/td>Includes Tata Power, Dr Reddy’s, Dixon Technologies<\/td><\/tr>
Companies reporting May 13<\/strong><\/td>Around 98<\/td>Includes Bharti Airtel, Tata Motors, HPCL, Cipla<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
    \n
  • Nearly 400 companies<\/strong> to report Q4 FY26 between May 11 and 16.<\/li>\n\n\n\n
  • Nifty 50 closed at 24,176.15<\/strong> on May 9, down 0.62 per cent, per NSE data.<\/li>\n\n\n\n
  • Sensex ended at 77,328.19<\/strong> the same day, down 0.66 per cent, per BSE figures.<\/li>\n\n\n\n
  • On May 12, Sensex fell to 74,559.24<\/strong>, Nifty 50 to 23,379.55<\/strong>, extending losses.<\/li>\n<\/ul>\n\n\n\n

    Telecom: Bharti Airtel and Bharti Hexacom<\/h2>\n\n\n\n
    Company<\/strong><\/td>Key Q4 FY26 Expectations<\/strong><\/td>Technical \/ Operating Metrics<\/strong><\/td><\/tr>
    Bharti Airtel<\/strong><\/td>Consolidated revenue up 1.5\u20131.6% QoQ; EBITDA up 1.5% QoQ<\/td>India wireless ARPU \u20b9258\u2013\u20b9259, flat to marginally lower QoQ<\/td><\/tr>
    Bharti Hexacom<\/strong><\/td>Q4 result scheduled May 13<\/td>No specific street numbers in the provided material<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
      \n
    • India wireless revenue growth expected around 0.8% QoQ<\/strong>.<\/li>\n\n\n\n
    • Homes broadband and Africa operations seen as key growth drivers.<\/li>\n\n\n\n
    • JM Financial expects 50 lakh<\/strong> mobile broadband additions in Q4.<\/li>\n\n\n\n
    • Overall wireless subscriber additions estimated at 40\u201365 lakh<\/strong> QoQ range.<\/li>\n\n\n\n
    • India wireless EBITDA margin seen near 57.1%<\/strong>, up 8 bps QoQ.<\/li>\n\n\n\n
    • ARPU trajectory towards \u20b9300<\/strong> and tariff hike commentary remain key.<\/li>\n\n\n\n
    • 4G\/5G net additions estimated at 60 lakh<\/strong> in the quarter.<\/li>\n\n\n\n
    • Airtel to host investor call at 12 p.m. on May 14<\/strong>.<\/li>\n<\/ul>\n\n\n\n

      Autos: Tata Motors and sector read\u2011through<\/h2>\n\n\n\n
      Company<\/strong><\/td>Key Q4 FY26 Expectations<\/strong><\/td>Technical \/ Operating Metrics<\/strong><\/td><\/tr>
      Tata Motors<\/strong><\/td>Consolidated revenue up 16% QoQ; EBITDA up 29% YoY<\/td>Consolidated EBITDA margin at 12.7%, up 80 bps QoQ<\/td><\/tr>
      TVS Motor Company<\/strong><\/td>Q4 result on May 13<\/td>No detailed estimates in the provided material<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        \n
      • Standalone business revenue expected to rise 16% QoQ<\/strong> on 15%<\/strong> volume growth.<\/li>\n\n\n\n
      • Net profit projected to rise 62% YoY<\/strong> in Q4 FY26.<\/li>\n\n\n\n
      • Auto sector cited as recent outperformer on strong April sales and Q4 prints.<\/li>\n\n\n\n
      • Street focus on margin sustainability and demand trends in FY27.<\/li>\n<\/ul>\n\n\n\n

        Energy and utilities: Tata Power, HPCL, Oil India, JSW Energy<\/h2>\n\n\n\n
        Company<\/strong><\/td>Key Q4 FY26 Expectations \/ Reported<\/strong><\/td>Technical \/ Operating Metrics<\/strong><\/td><\/tr>
        Tata Power<\/strong><\/td>Revenue and EBITDA expected down 9% YoY (preview)<\/td>Mundra plant shutdown in Q4; operational from 1 April 2026<\/td><\/tr>
        Tata Power (reported)<\/strong><\/td>Net profit \u20b91,415.52 crore, up 8.3% YoY<\/td>Revenue \u20b914,900.20 crore, down 13% YoY<\/td><\/tr>
        Hindustan Petroleum Corporation<\/strong><\/td>Q4 result on May 13<\/td>No numerical preview in the provided material<\/td><\/tr>
        Oil India<\/strong><\/td>Q4 result on May 13<\/td>No numerical preview in the provided material<\/td><\/tr>
        JSW Energy<\/strong><\/td>EBITDA up 88% YoY expected<\/td>APAT seen down 91% YoY to \u20b90.3 billion<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
          \n
        • Tata Power earnings impacted by Mundra losses, partly offset by renewables and Odisha distribution.<\/li>\n\n\n\n
        • Another brokerage expects Tata Power EBITDA up 7.6% YoY<\/strong>, PAT up 6%<\/strong>.<\/li>\n\n\n\n
        • JSW Energy growth driven by KSK Mahanadi, O2 Power, Utkal Unit\u20112 and Kutehr Hydro.<\/li>\n\n\n\n
        • Higher interest and depreciation costs weigh on JSW Energy bottom line.<\/li>\n<\/ul>\n\n\n\n

          Financials and housing: Canara Bank, PFC, LIC Housing Finance<\/h2>\n\n\n\n
          Company<\/strong><\/td>Key Q4 FY26 Expectations<\/strong><\/td>Technical \/ Operating Metrics<\/strong><\/td><\/tr>
          Canara Bank<\/strong><\/td>Net profit down 11.8%+ YoY; NII up 1.5% YoY<\/td>Flattish NIM QoQ; lower slippages expected<\/td><\/tr>
          Power Finance Corporation<\/strong><\/td>Q4 result on May 13<\/td>No numerical preview in the provided material<\/td><\/tr>
          LIC Housing Finance<\/strong><\/td>Q4 result on May 13<\/td>No numerical preview in the provided material<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
            \n
          • Canara Bank business growth led by retail, agriculture and MSME plus steady corporate.<\/li>\n\n\n\n
          • Lower treasury income expected due to higher bond yields.<\/li>\n\n\n\n
          • Credit cost trajectory and SMA movement highlighted as key monitorables.<\/li>\n<\/ul>\n\n\n\n

            IT, electronics and manufacturing: Kaynes Technology, Dixon, others<\/h2>\n\n\n\n
            Company<\/strong><\/td>Key Q4 FY26 Expectations<\/strong><\/td>Technical \/ Operating Metrics<\/strong><\/td><\/tr>
            Kaynes Technology<\/strong><\/td>Revenue up 53% YoY to \u20b91,508 crore<\/td>EBITDA \u20b9243 crore, up 44% YoY; margin 16.1%<\/td><\/tr>
            Dixon Technologies<\/strong><\/td>Largely flat consolidated revenue expected<\/td>EBITDA margin at 3.6%, down 70 bps YoY<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
              \n
            • Kaynes topline growth driven by smart meters, EVs and auto segments.<\/li>\n\n\n\n
            • Net profit for Kaynes seen at \u20b9172 crore<\/strong>, up 48% YoY<\/strong>.<\/li>\n\n\n\n
            • Kaynes EBITDA margin expected to narrow 100 bps<\/strong> on adverse product mix.<\/li>\n\n\n\n
            • Kaynes Semicon unit 1 commissioned; unit 2 targeted by July 2026<\/strong>.<\/li>\n\n\n\n
            • OSAT contribution, earlier expected, now unlikely in this quarter.<\/li>\n\n\n\n
            • Key Kaynes monitorables: working capital, operating cash flow, OSAT grants.<\/li>\n\n\n\n
            • Dixon mobile revenues seen weaker on higher memory prices hitting demand.<\/li>\n\n\n\n
            • For Dixon, key watchpoints: mobile volumes, new clients, Vivo JV progress.<\/li>\n<\/ul>\n\n\n\n

              Healthcare and pharma: Cipla, Dr Reddy’s, others<\/h2>\n\n\n\n
              Company<\/strong><\/td>Key Q4 FY26 Expectations \/ Reported<\/strong><\/td>Technical \/ Operating Metrics<\/strong><\/td><\/tr>
              Cipla<\/strong><\/td>Q4 result on May 13<\/td>No numerical preview in the provided material<\/td><\/tr>
              Dr Reddy’s Laboratories (preview)<\/strong><\/td>EBITDA down 30% YoY; PAT down 40% YoY expected<\/td>Overall sales down 10% YoY, 13% QoQ<\/td><\/tr>
              Dr Reddy’s Laboratories (reported)<\/strong><\/td>Net profit \u20b9220.1 crore, down 86.2% YoY<\/td>Prior year profit \u20b91,593.9 crore<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
                \n
              • Dr Reddy’s domestic sales expected up 16% YoY<\/strong> in Q4 FY26.<\/li>\n\n\n\n
              • Russia revenue growth projected at 26% YoY<\/strong> on volume traction.<\/li>\n\n\n\n
              • EU revenue growth estimated at 8% YoY<\/strong>, led by NRT portfolio.<\/li>\n\n\n\n
              • Rest of world sales growth baked in at 10% YoY<\/strong>.<\/li>\n<\/ul>\n\n\n\n

                Hospitality and real estate: Indian Hotels, DLF, ITC Hotels<\/h2>\n\n\n\n
                Company<\/strong><\/td>Key Q4 FY26 Expectations<\/strong><\/td>Technical \/ Operating Metrics<\/strong><\/td><\/tr>
                Indian Hotels<\/strong><\/td>Revenue \u20b926 billion, up 9% YoY<\/td>EBITDA margin 35%, flat YoY<\/td><\/tr>
                DLF<\/strong><\/td>Q4 result on May 13<\/td>No numerical preview in the provided material<\/td><\/tr>
                ITC Hotels<\/strong><\/td>Q4 result later in the week<\/td>No numerical preview in the provided material<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
                  \n
                • Indian Hotels ARR growth built at 6% YoY<\/strong> for Q4 FY26.<\/li>\n\n\n\n
                • Occupancy expected at 76%<\/strong>, down 360 bps YoY<\/strong>.<\/li>\n\n\n\n
                • March disruption from West Asia crisis cited as a drag.<\/li>\n<\/ul>\n\n\n\n

                  Technical outlook and key levels to watch<\/h2>\n\n\n\n
                  Statistic<\/strong><\/td>Value\/Change<\/strong><\/td>Context<\/strong><\/td><\/tr>
                  India auto sector<\/strong><\/td>Strong April sales; positive Q4 prints<\/td>Stock\u2011specific action expected to continue<\/td><\/tr>
                  Telecom metrics<\/strong><\/td>ARPU \u20b9258\u2013\u20b9259, stable<\/td>Tariff hike timing remains a key variable<\/td><\/tr>
                  Kaynes share move<\/strong><\/td>Down 9% in two sessions<\/td>Trades at \u20b94,086.8, per latest quote in material<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
                    \n
                  • Kaynes shares fell 6.4%<\/strong> on May 11, extending prior 3%<\/strong> decline.<\/li>\n\n\n\n
                  • Kaynes had gained 15%<\/strong> over the previous month before the pullback.<\/li>\n\n\n\n
                  • Market weakness recently linked to higher crude and West Asia tensions.<\/li>\n\n\n\n
                  • Realty and consumer durables cited as pressure points in prior sessions.<\/li>\n<\/ul>\n\n\n\n

                    FAQs
                    <\/h2>\n\n\n
                    \n
                    \n
                    \n

                    Which major companies are declaring Q4 FY26 results on May 13?<\/strong><\/h3>\n
                    \n\n

                    Bharti Airtel<\/strong>, Tata Motors<\/strong>, TVS Motor Company<\/strong>, Power Finance Corporation<\/strong>, Cipla<\/strong>, Oil India<\/strong>, Hindustan Petroleum Corporation<\/strong>, Bharti Hexacom<\/strong>, Kaynes Technology<\/strong>, LIC Housing Finance<\/strong> and DLF<\/strong> are among the key names.<\/p>\n\n<\/div>\n<\/div>\n

                    \n

                    What are analysts watching in Bharti Airtel\u2019s Q4 FY26 numbers?<\/strong><\/h3>\n
                    \n\n

                    Street focus is on consolidated revenue and EBITDA growth of around 1.5\u20131.6% QoQ<\/strong>, India wireless ARPU near \u20b9258\u2013\u20b9259<\/strong>, subscriber additions, and management commentary on tariff hikes, 5G monetisation and ARPU trajectory towards \u20b9300<\/strong>.<\/p>\n\n<\/div>\n<\/div>\n

                    \n

                    How is Tata Motors expected to perform in Q4 FY26?<\/strong><\/h3>\n
                    \n\n

                    Tata Motors is projected to deliver 16% QoQ<\/strong> consolidated revenue growth, an EBITDA margin of 12.7%<\/strong> (up 80 bps QoQ), and a 62% YoY<\/strong> rise in net profit, driven by higher standalone volumes and operating leverage.<\/p>\n\n<\/div>\n<\/div>\n

                    \n

                    Which major companies are declaring Q4 FY26 results on May 13?<\/strong><\/h3>\n
                    \n\n

                    Bharti Airtel, Tata Motors, TVS Motor Company, Power Finance Corporation, Cipla, Oil India, Hindustan Petroleum Corporation, Bharti Hexacom, Kaynes Technology, LIC Housing Finance and DLF are among the key names reporting on May 13.<\/p>\n\n<\/div>\n<\/div>\n

                    \n

                    What are analysts watching in Bharti Airtel\u2019s Q4 FY26 numbers?<\/strong><\/h3>\n
                    \n\n

                    Analysts are tracking 1.5\u20131.6% QoQ revenue and EBITDA growth, India wireless ARPU around \u20b9258\u2013\u20b9259, subscriber additions, and management commentary on tariff hikes, 5G monetisation and the ARPU roadmap towards \u20b9300.<\/p>\n\n<\/div>\n<\/div>\n

                    \n

                    How is Tata Motors expected to perform in Q4 FY26?<\/strong><\/h3>\n
                    \n\n

                    Tata Motors is expected to post 16% QoQ consolidated revenue growth, an EBITDA margin of 12.7% (up 80 bps QoQ), and a 62% YoY rise in net profit, supported by 15% QoQ standalone volume growth and operating leverage.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

                    Nearly 100 companies including Bharti Airtel, Tata Motors, Cipla, Oil India and Hindustan Petroleum Corporation are set to report Q4 FY26 results on Wednesday, with analysts focused on revenue growth, margin resilience and key technical levels across telecom, auto and energy stocks. The earnings-heavy week, which also features Kaynes Technology, Power Finance Corporation and LIC […]<\/p>\n","protected":false},"author":15,"featured_media":11874,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[512],"tags":[],"class_list":["post-11869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/11869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/comments?post=11869"}],"version-history":[{"count":2,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/11869\/revisions"}],"predecessor-version":[{"id":11872,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/11869\/revisions\/11872"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/11874"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=11869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=11869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=11869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}