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Earnings Wave Lifts Indian Majors With Dividends and a Big Buyback

Heavy investor payouts signal strong cash generation across autos, engineering, exchanges.

Overview

  • Bajaj Auto reported a strong Q4 with standalone net profit up 34% year on year and unveiled a share buyback of up to Rs 5,633 crore at Rs 12,000 a share along with a Rs 150 dividend.
  • Larsen & Toubro, which posted results Tuesday, said revenue rose 11% to Rs 82,762 crore as its order book hit an all‑time high of Rs 7,40,327 crore, while profit dipped 3% due to a prior‑year exceptional gain and the company cautioned that the West Asia conflict could weigh on H1 FY27.
  • Mahindra & Mahindra reported higher Q4 consolidated profit and revenue of Rs 54,891 crore and proposed a final dividend of Rs 33 per share.
  • Tata Technologies, which reported Monday, logged Q4 profit of Rs 204.17 crore, recommended a final dividend of Rs 8.35 plus a Rs 3.35 special payout, and guided to double‑digit organic growth in FY27 with an 18% margin target.
  • National Stock Exchange posted an 8% rise in Q4 profit to Rs 2,871 crore on a 22% income jump and recommended a Rs 35 final dividend that includes a Rs 10 special payout, while booking an Rs 84 crore provision tied to pending regulatory settlements.