medium impactEarnings
Q4 earnings cluster May 11: UPL +20%, MCX record, JSW Energy +38%, IHCL +15%; ABB -9%, Heritage -37%, Canara -10%
12 May, 04:16 IST · Plays out within days · 30 sources
Key facts
What the reporting establishes, before any reading of it.
- Q4 FY26 results May 11: UPL +18-20%, IHCL +15%, JSW Energy +38%, PVR Inox to profit, MCX record Rs 1,332cr
- Negatives: Canara Bank PAT -10%, Heritage Foods -37%, JB Chemicals -30%, ABB India -9% post downgrades
- Most companies announce dividends: UPL 300%, IHCL Rs 3.25/sh, Canara Rs 4.20/sh
- BPCL + Dr Reddy's Q4 results due May 12
How the news spreads
Step by step — from the first companies it hits to whole sectors.
Who it hits first
- Mixed Q4 across sectors — Power/Media/Exchange beat, PSU banks/dairy/cap goods miss
Who may gain
- UPL, IHCL, JSW Energy, MCX — clear Q4 beats
Along the supply chain
Where demand moves
Business
Power demand surge confirmed; agrochem recovery; movie pipeline positive
Capital
Quality stock selection — beats attract buying, misses see derating
How it spreads across sectors
Agrochem
Positive UPL guidance
Banking PSU
Mixed — BoB neutral, Canara weak
Cap Goods
Negative ABB derating
Dairy
Negative Heritage
Exchange
Strong MCX
Media
Positive PVR INOX
Power
Positive JSW Energy
When it plays out
Immediate
Single-day reactions
Medium term
FY27 guidance digestion
Short term
2-3 weeks consolidation around Q4 readings