Conference Call with Axis Bank Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Telecom Services company Tata Communications announced Q1FY26 results Consolidated revenues rose 6.6% YoY, coming in at Rs 5,960 crore. EBITDA: Rs 1,137 crore compared to Rs 1,137 crore during Q1FY25. EBITDA Margin: 19.1% for Q1FY26. PAT: Rs 232 crore compared to Rs 357 crore during Q1FY25, change -34.9%. PAT Margin: 3.9% for Q1FY26. Data revenue growth at 9.4% YoY, came in at Rs 5,130 crore, driven by digital fabric. EBITDA margin at 19.1% an improvement of 30 bps. A.S. Lakshminarayanan, MD and CEO, Tata Communications, said: “Despite ongoing macroeconomic headwinds and continued pressures across the industry, we delivered a stable performance this quarter with a healthy double-digit growth in our order book and modest uptick in margins. Our digital fabric is becoming deeply embedded in our enterprise customers' operations simplifying complex infrastructure and delivering exactly what they need, on their terms.” Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said: “Our digital fabric continues to deliver, and we are pleased to report an all-round performance across our portfolio. We added multiple million dollar deals this quarter to our order book. We are encouraged by the losses narrowing in our digital portfolio.” Result PDF
Hotels company Indian Hotels Company announced Q1FY26 results Revenue: Rs 2,102 crore compared to Rs 1,596 crore during Q1FY25, change 32% YoY. EBITDA: Rs 637 crore compared to Rs 496 crore dueing Q1FY25, change 29% YoY. EBITDA margin: 30.3 % for Q1FY26. PAT: Rs 296 crore compared to Rs 248 crore during Q1FY25, change 19% YoY. Puneet Chhatwal, Managing Director & CEO, IHCL, said: “Q1FY26 marks the thirteenth consecutive quarter of record performance. In line with our guidance, the company reported a double-digit growth in consolidated revenue. The hotel segment’s revenue at Rs 1,814 crore grew by 14% leading to a strong EBITDA margin of 31.4%. This performance was enabled by diversification of our top line across same store hotels, not like for like growth and New Businesses consolidated revenue growing by 27% over the previous year. The hospitality sector, despite geopolitical headwinds continues to show resilience and sustained growth.” “IHCL continued its growth momentum with 12 signings taking the portfolio to 390+ hotels and opened 6 new hotelsin the quarter. Maintaining its leadership, Taj continues to be an icon in the global hospitality landscape with the brand being recently ranked by Brand Finance-UK as the World’s Strongest Hotel Brand 2025 for the fourth time and India’s Strongest Brand across sectors for the fifth time." Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said: “On the back of strong domestic demand, IHCL Standalone reported a revenue of Rs 1,099 crore, an increase of 13% over the previous year, clocking an EBITDA margin of 38.0% and a 17% growth in PAT at Rs 245 crore. IHCL Consolidated continues to maintain a healthy balance sheet with a gross cash balance of Rs 3,073 crore as on 30th June 2025.” Result PDF
Axis Bank announced Q1FY26 results Operating performance aided by higher non-interest income and effective cost control: Net Interest Income up 1% YoY and down 2% QoQ, Net Interest Margin (NIM) at 3.80%. Non-interest income up 25% YoY, Fee income up 10%, Retail fee up 9%, granular fees at 91% of total fees. Cost to assets at 2.41% declined 13 bps YoY and 5 bps QoQ. Focus on average deposits continue, MEB deposit growth remains steady: YoY MEB | QAB , total deposits up 9% | 8%; term deposits up 12% | 12%, CA up 9% | 4%, SA up 3% | 1%. MEB | QAB CASA ratio at 40% | 38%, respectively. Average LCR during Q1FY26 was ~119%, outflow rates improved ~150 bps over the last one year. Cost of funds declined 5 bps YoY and 11 bps QoQ. SBB+SME+MC growth remains healthy: SBB+SME+MC mix at Rs 2,472 billion | 23% of total loans, up ~820 bps in last 4 years. Advances grew 8% YoY and 2% QoQ; Bank’s focus segments grew by 11% YoY and 1% QoQ. SME loans up 16% | 2%, Corporate loans up 9% | 6%, Mid-Corporate (MC) up 24% | 15%, on YoY | QoQ basis. SBB book grew 15% YoY and 1% QoQ, Retail loans grew 6% YoY of which Rural loans grew 5% YoY. Well capitalized with self-sustaining capital structure; adequate liquidity buffers: Overall capital adequacy ratio (CAR) stood at 16.85%, CET 1 ratio of 14.68%, up 62 bps YoY. Additional cushion of ~36 bps over the reported CAR, attributable to other provisions of Rs 5,012 crore. Excess SLR of Rs 96,608 crore. Continue to maintain our strong position in Payments and Digital Banking: open by Axis Bank remains among the world’s top rated MB app on Google Play store and iOS app store with a rating of 4.7 and 4.8 respectively; ~15 million MAU. ~0.79 million credit cards acquired in Q1FY26, CIF market share of ~14%. Asset quality trend attributable to Technical Impact (see slide 44 of Q1FY26 investor presentation): GNPA% at 1.57% up 3 bps YoY and 29 bps QoQ, NNPA% at 0.45% up 11 bps YoY and 12 bps QoQ. PCR healthy at 71%; On an aggregated basis, Coverage ratio at 138%. Gross slippage ratio at 3.13%, Net slippage ratio at 2.33%, Net credit cost6 at 1.38%. Provisions to average assets ratio at 1% up 65 bps QoQ. Key domestic subsidiaries delivered steady performance: Q1FY26 total profit at Rs 451 crore up 4% YoY, with a return on investment in domestic subsidiaries of 47%. Axis Finance Q1FY26 PAT grew 23% YoY to Rs 189 crore; asset quality metrics stable, ROE at 13.98%. Axis AMC Q1FY26 PAT grew 12%YoY to Rs 130 crore. Axis Securities customer base grew 15% YoY and Q1FY26 PAT stood at Rs 89 crore. Axis Capital Q1FY26 PAT stood at Rs 38 crore and executed 6 ECM deals in Q1FY26. Result PDF
IT Consulting & Software company Wipro announced Q1FY26 results Gross revenue at Rs 221.3 billion (USD 2,581.6 million), decrease of 1.6% QoQ and increase of 0.8% YoY. IT services segment revenue was at USD 2,587.4 million, decrease of 0.3% QoQ and 1.5% YoY. Non-GAAP constant currency IT Services segment revenue decreased 2.0% QoQ and 2.3% YoY. Total bookings was at USD 4,971 million, up by 24.1% QoQ and 50.7% YoY in constant currency. Large deal bookings was at USD 2,666 million, an increase of 49.7% QoQ and 130.8% YoY in constant currency IT services operating margin for Q1FY26 was at 17.3%, contraction of 0.2% QoQ and expansion of 0.8% YoY. Net income for the quarter was at Rs 33.3 billion (USD 388.4 million), decrease of 6.7% QoQ and increase of 10.9% YoY. Earnings per share for the quarter at Rs 3.2 (USD 0.04), decrease of 6.7% QoQ and increase of 10.8% YoY. Operating cash flows of Rs 41.1 billion (USD 479.6 million), increase of 9.8% QoQ and 2.9% YoY and at 123.2% of Net Income for the quarter. Declared interim dividend of Rs 5 (USD 0.06) per equity share/ADS. Voluntary attrition was at 15.1% on a trailing 12-month basis. Srini Pallia, CEO and Managing Director, said: “In a quarter shaped by macroeconomic uncertainty, clients prioritised efficiency and cost optimization. We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals. Building on the momentum from last quarter and supported by a strong pipeline, we are well positioned for the second half. AI is no longer experimental - it’s central to our clients’ strategies, and we are delivering real impact at scale.” Aparna Iyer, Chief Financial Officer, said: “We expanded our operating margins by 80 basis points on YoY basis. Our cash flow conversion remained strong with operating cash flows being at 123% of our net income. The board also declared an interim dividend of Rs 5 per share. With this, the total cash returned to shareholders over the last 6 months is more than USD 1.3 billion.” Result PDF