Indian Listed Companies Following a Different Financial Year 14Jul2026
(This is my 526th blog since 2010. Over the years, I have covered global financial markets, with a focus on India, and continue to share insights to help readers understand complex topics in simple language.
The views expressed here are for information purposes only and should not be construed as a recommendation or investment advice. While the author is a CFA Charterholder with nearly 25 years of experience in financial markets, this content is intended to share general insights and does not constitute financial guidance.
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While most Indian listed companies follow the April–March financial year in line with India's fiscal year, a handful—primarily subsidiaries of multinational corporations (MNCs)—use a different accounting year to align with their global parent companies.
This article lists such companies and explains their reporting periods.
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Related blog:
Understanding the Rhythm of Quarterly and Annual Results in India 13May2026
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Most Indian companies, including listed ones, follow government and tax reporting cycles, which are based on April to March, making compliance and reporting more aligned.
However, some Indian listed companies, typically companies with a foreign parent, follow a January to December financial year.
Such companies with a foreign parent follow different financial years not due to SEBI rules, but to align with their global parent companies for easier consolidation and reporting.
1) Some examples of companies in India following January-December financial year >
2) Exceptions to typical foreign companies reporting:
There are some exceptions to Jan-Dec reporting by foreign companies.
For example, Kennametal India follows a July–June financial year to match its US parent’s reporting cycle, enabling smoother group consolidation.
Siemens Ltd, likewise, followed an October-September financial year to align with its Germany-based parent, ensuring consistent global reporting.
However, in Aug2025, Siemens Ltd changed its financial year (accounting year) from October-September to April-March; so, FY 2024-26 is a transition year with 18 months, ranging from Oct2024 to Mar2026.
Foreign ownership does not always lead to a different financial year. Several foreign-owned listed companies in India continue to follow the Indian April–March financial year due to their own suitability, historical practice or group reporting arrangements.
3M India
Alembic Pharmaceuticals
Bosch Ltd
Cummins India
Honda India Power Products
Honeywell Automation India
Maruti Suzuki India
Nestle India
SKF India
United Breweries
United Spirits
ZF Commercial Vehicle Control System India
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