Overview
- Audited Q4 FY26 filings published on May 21–22 confirmed many companies reported higher sales while profits split sharply between large gains and widened losses.
- ITC’s consolidated profit fell sharply year-on-year because of a prior-year one-time gain while its board recommended a final dividend for FY26, signalling shareholder returns despite weaker comparatives.
- Vaibhav Global and several mid‑cap firms posted strong double‑digit profit growth, but smaller companies including Sharika Enterprises, RPSG Ventures, Duroply and Refex Renewables reported revenue gains yet recorded quarterly losses.
- Companies repeatedly blamed higher raw‑material costs such as copper, rising finance charges and labour‑code related provisions for margin squeeze and for forcing them to decline some orders.
- A subset of filings carried auditor modified opinions or flagged receivable and inventory reconciliations, and boards disclosed exceptional items and dividend actions that investors should treat as material for valuation and due diligence.