Highest PAT Growth Q4 FY26: RBL Bank Triples Profit, Kirloskar Pneumatic Up 79%, AU SFB Up 65%

The stocks with the highest PAT growth Q4 FY26 are not random winners. They are companies where operating leverage, lower credit costs, margin expansion, or a structural business inflection produced earnings that far outpaced analyst expectations. Among the companies that declared results between April 25 and April 27 2026, five names stand out for delivering the highest PAT growth Q4 FY26 numbers: RBL Bank with a 234 percent surge, Kirloskar Pneumatic up 79 percent, AU Small Finance Bank up 65 percent, AGI Greenpac up 19 percent year on year, and M and M Financial Services up 106 percent. This article covers each of these highest PAT growth Q4 FY26 stories with verified numbers, the reason behind the earnings jump, and what it signals for FY27.

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Understanding the highest PAT growth Q4 FY26 stocks matters because PAT growth is the single most direct driver of stock re-rating. When a company delivers the highest PAT growth Q4 FY26 in its peer group, analysts raise price targets, institutions build positions, and retail investors follow. All five stocks covered here are from the confirmed results list of April 25 to 27 2026.

Highest PAT Growth Q4 FY26 Snapshot

Data from Business Standard, EquityBulls, Upstox. April 25 to 27 2026. Verify before investing.

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1. RBL Bank: PAT Surges 234 Percent: The Biggest Recovery Story

RBL Bank delivered the single largest year on year PAT increase among all stocks with the highest PAT growth Q4 FY26 in this earnings window. The private sector bank declared results on April 25 and reported standalone net profit of Rs 230 crore in Q4 FY26 against Rs 69 crore in Q4 FY25, a 234 percent surge. This is not a high base effect story. Q4 FY25 was a period when RBL was still absorbing elevated provisions from its microfinance and credit card book. The Q4 FY26 highest PAT growth Q4 FY26 recovery came from sharply lower provisions as the stressed book cleaned up.

Q4 FY26 Results: RBL Bank

Net profit rose 234 percent year on year to Rs 230 crore. Total income grew 7.01 percent to Rs 4,789 crore. Net interest income rose 6.9 percent to Rs 1,671 crore. Gross NPA improved to 1.45 percent from 1.88 percent in the prior quarter. Net NPA fell to 0.39 percent from 0.55 percent. The bank recommended a dividend of Rs 1 per share. The NPA improvement is structural and directly explains the highest PAT growth Q4 FY26 number. Lower gross NPA means lower provisioning requirement, which flows directly to the bottom line.

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2. M and M Financial Services: PAT More Than Doubles on Rural Credit Recovery

M and M Financial Services (NSE: M&MFIN) delivered the second largest highest PAT growth Q4 FY26 number on this list with a 106 percent year on year surge in net profit to Rs 940 crore. The results were declared after market hours on April 24 and priced in on April 27 when the stock gapped up 11.3 percent.

Q4 FY26 Results: M and M Financial Services

PAT rose 106 percent to Rs 940 crore from Rs 456 crore. Revenue grew 13.5 percent to Rs 5,559 crore. NIM expanded 70 basis points year on year. AUM grew 12 percent. Gross Stage 3 assets fell to near multi year lows. The board recommended a dividend of Rs 7.50 per share. The highest PAT growth Q4 FY26 number was driven by rural credit cycle recovery, lower credit costs, and NIM expansion, all of which are structural rather than one-time. Nomura noted the result beat its own estimate by 9 percent.

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3. Kirloskar Pneumatic: 79 Percent PAT Jump and 760 Basis Point Margin Expansion

Kirloskar Pneumatic Company (NSE: KIRLPNU) posted the highest PAT growth Q4 FY26 number in the industrials segment with a 79 percent year on year surge in net profit to Rs 143.8 crore. The Pune based manufacturer of air, gas, and refrigeration compressors announced results on April 27 and the stock surged 12.8 percent intraday.

Q4 FY26 Results: Kirloskar Pneumatic

PAT rose 79 percent to Rs 143.8 crore. Revenue grew 20.3 percent to Rs 711.8 crore. EBITDA surged 69.4 percent to Rs 186 crore. EBITDA margin expanded from 18.5 percent to 26.1 percent, a 760 basis point improvement. The board approved a final dividend of Rs 8.50 per share and a 1:2 stock split. The split and dividend combination amplified the day move, but the highest PAT growth Q4 FY26 number was clearly driven by genuine operating leverage and better product mix.

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4. AU Small Finance Bank: 65 Percent PAT Growth in Transformation Year

AU Small Finance Bank (NSE: AUBANK) delivered one of the strongest highest PAT growth Q4 FY26 numbers in the banking segment at 65 percent year on year. The bank is in the midst of transitioning from a small finance bank to a universal banking model and Q4 FY26 showed that trajectory accelerating meaningfully.

Q4 FY26 Results: AU Small Finance Bank

PAT rose 65 percent to Rs 831.87 crore from Rs 503.7 crore. NII grew 23.3 percent to Rs 2,582 crore. NIMs stood at 5.96 percent. Gross and net NPAs both improved year on year. The bank declared a final dividend of Re 1 per share. AU’s highest PAT growth Q4 FY26 performance was driven by strong loan disbursals, improving CASA, and declining credit costs as the MFI portfolio stress of FY25 moved into resolution.

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5. AGI Greenpac: 16 Percent Stock Surge on PAT Up 61 Percent Sequentially

AGI Greenpac (NSE: AGIGREENPAC) delivered one of the best post-result stock moves on the highest PAT growth Q4 FY26 list with shares rallying 16 percent after results. The glass packaging company reported Q4 FY26 PAT of Rs 115 crore, up 19.4 percent year on year from Rs 97 crore and up 61 percent sequentially from Q3 FY26. For the full year FY26, PAT grew 9.1 percent to Rs 352 crore. The board recommended a final dividend of Rs 7 per share. The sequential PAT jump and the strong full year delivery are the highest PAT growth Q4 FY26 drivers that triggered the 16 percent intraday move.

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What the Highest PAT Growth Q4 FY26 Stocks Tell Us About FY27

Across all five highest PAT growth Q4 FY26 stocks, three common themes emerge that carry forward into FY27 visibility:

• Provision normalisation in financials is the primary driver of highest PAT growth Q4 FY26 in banking stocks. RBL Bank and AU Small Finance Bank both delivered their PAT surges by spending less on provisions as their stressed portfolios healed. If credit costs stay contained in FY27, these banks have a structural PAT growth story.
• Operating leverage in industrials is driving the highest PAT growth Q4 FY26 in non-financial names. Kirloskar Pneumatic and AGI Greenpac both delivered EBITDA margin expansion alongside revenue growth, meaning incremental revenue is flowing to the bottom line faster than fixed costs grow.
• Rural credit recovery at M and M Financial Services is a macro signal. If tractor sales and rural vehicle demand continue recovering in FY27, M and M Financial’s highest PAT growth Q4 FY26 momentum should sustain.

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Frequently Asked Questions

Which stock had the highest PAT growth Q4 FY26 among April 25 to 27 results?

Among all stocks reporting results between April 25 and 27 2026, RBL Bank had the highest PAT growth Q4 FY26 at 234 percent year on year, with net profit rising from Rs 69 crore to Rs 230 crore. M and M Financial Services came second at 106 percent, followed by Kirloskar Pneumatic at 79 percent, AU Small Finance Bank at 65 percent, and AGI Greenpac at 19 percent year on year and 61 percent sequentially.

Why did RBL Bank deliver such high PAT growth in Q4 FY26?

RBL Bank’s highest PAT growth Q4 FY26 number of 234 percent came from a combination of sharply lower provisions as gross NPA improved from 1.88 percent to 1.45 percent and lower net NPA at 0.39 percent. Q4 FY25 was an unusually weak base quarter for RBL due to elevated microfinance and credit card stress provisioning. The highest PAT growth Q4 FY26 is therefore a mix of genuine improvement and low base effect.

Is highest PAT growth Q4 FY26 enough to buy a stock?

The highest PAT growth Q4 FY26 number is a strong starting point for research but should not be the only factor. Investors should examine whether the growth driver is structural like NIM expansion or operating leverage, or whether it is a low base effect. They should also assess valuation, management guidance on FY27, and any one-time items in the Q4 print. Always consult a SEBI registered financial advisor before acting on any highest PAT growth Q4 FY26 data.

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Disclaimer: This article is for informational purposes only. Investments in securities are subject to market risk. Please read all related documents carefully before investing. This content is for educational purposes only and does not constitute investment advice. Consult a SEBI registered financial advisor before making any investment decision.

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