Early bird companies reported a robust 14% year-on-year increase in net profits for the January-March 2026 quarter (Q4FY26), marking the best performance in ten quarters. The banking, financial services, and insurance (BFSI) sectors drove this growth, contributing nearly 61% to the overall earnings increase. The combined adjusted net profits of 141 companies reached approximately ₹1.28 trillion ($15.4 billion USD), up from ₹1.12 trillion ($13.4 billion USD) in Q4FY25. Notably, the BFSI sector's net profits rose to around ₹61,700 crore ($7.4 billion USD), reflecting an 18.4% increase year-on-year. In contrast, oil refiners lagged, with profits declining by 8.6% to ₹18,510 crore ($2.2 billion USD). Overall, net sales increased by 9.2%, totaling around ₹9.8 trillion ($117 billion USD), driven by rising prices in energy and commodities. The margin improvements were significant, with EBITDA margins rising to 35.2% of total income, aided by a decline in interest costs for the first time in over four years. Private-sector lenders and IT service providers accounted for a substantial portion of the profits, highlighting their pivotal role in this growth.