Concall Intelligence

Hy-Tech Engineers reported stable revenue of INR430 million in Q1 FY27, up 13% YoY, while margins saw mild pressure due to raw material price inflation before compensated revisions take effect. Management remains confident in steady long-term growth driven by capacity expansion from IPO proceeds, export penetration, and import substitution.

Indigo Paints delivered a strong Q1 FY27 with 18.7% standalone revenue growth and a 42% jump in EBITDA, outperforming the broader paint sector despite initial raw material supply disruptions triggered by the Iran conflict.

Shankesh Jewellers Limited reported its maiden Q1 FY27 earnings post listing, highlighting strong top-line and margin expansion driven by product mix and festive demand, though the steep margin trajectory and heavy reliance on short-term working capital require close monitoring.

Apeejay Surrendra Park Hotels Limited reported solid Q1 FY2027 performance with consolidated revenue up 10% YoY to Rs. 172 crores and EBITDA up 8% YoY to Rs. 52 crores, despite macroeconomic headwinds, West Asia disruptions, and subdued air traffic. Leadership in occupancy (92%) and upper upscale RevPAR was retained, while Flurys expanded to 111 outlets. Profit after tax declined 14% YoY to Rs. 12 crores due to higher finance costs for expansion and a deferred tax provision a

Management addressed investor queries following the Delhi High Court order directing a forensic audit related to historical promoter share dissipation and IHH's acquisition, maintaining that operations remain insulated and strategic growth plans are unaffected.

Horizon Industrial Parks Limited reported a strong Q1 FY27 operating performance with 23% YoY revenue growth to INR200 crores and an EBITDA margin of 80%, supported by successful IPO primary capital raising of INR4,250 crores used for deleveraging.

Gaja Alternative Asset Management Limited reported a steady performance for Q1 FY27 with total income growing 26% YoY to INR51.8 crores and PAT growing 35% YoY to INR27.2 crores, supported by strong institutional interest following its successful IPO.

Skyways Air Services Limited reported a strong first earnings call for Q1 FY27, showcasing stellar revenue and operating EBITDA growth driven by robust air and ocean cargo volumes, alongside successful navigation of geopolitical crises like the West Asia conflict. However, yield improvements are largely tied to dynamic fuel index increases which act as a complete pass-through, and certain legal overhangs remain sub judice.

The successful merger and strong proforma FY2026 results, coupled with clear strategic priorities for integration and network expansion, suggest the company is on track to leverage scale and clinical depth. Management's focus on capital efficiency and margin improvement supports the long-term value creation thesis.

Happiest Minds Technologies announced a proposed combination with ITC Infotech involving a promoter stake sale by Mr. Soota and a subsequent scheme of amalgamation of Happiest Minds into ITC Infotech, aiming to accelerate the $1 billion revenue target to FY28.

ESDS Software Solution reported steady Q1 FY27 results with revenue of INR 133.66 crores up 7.28% YoY and PAT of INR 29.28 crores up 14% YoY, while experiencing a sequential revenue dip due to prior quarter design services. Management highlighted strategic progress in AI cloud infrastructure and significant international GPU demand backed by substantial customer advances, though execution and delivery schedules remain sensitive to global hardware supply constraints.

Vodafone Idea delivered a positive Q1 FY27 with revenue up 6.0% YoY to Rs. 11,689 Crore and Cash EBITDA up 13.5% YoY to Rs. 2,475 Crore, alongside the company's first quarter of positive net subscriber additions since its merger. Management maintains its 3-year Rs. 45,000 Crore capex plan and 3x cash EBITDA ambitions, backed by Rs. 6,400 Crore of initial funding mobilization, though supply chain headwinds slightly dented quarterly capex deployment.

SRG Housing Finance held an emergency business update call to refute a damaging newspaper report regarding alleged promoter siphoning and fictitious accounts, confirming that an ongoing annual NHB supervisory audit triggered a Red Flag Account (RFA) classification which management expects to be removed shortly.

RACL Geartech reported robust Q1 FY27 financial performance with consolidated revenue growing 22% YoY to Rs. 132.6 crores and EBITDA expanding 18% YoY to Rs. 32.2 crores, backed by strong execution in domestic markets and resilience in European exports, particularly KTM.

Prasol Chemicals reported an exceptional Q1 FY27 driven by strong underlying demand, higher realizations from lower-cost inventory in a rising price environment due to geopolitical supply-chain disruptions, and improved plant utilization, particularly at the Mahad facility which has turned EBITDA and PBT positive.

UCO Bank posted robust growth in advances and deposits, improved asset quality and stayed within most guidance, but faces margin pressure from hardened yields and a slight dip in CASA ratio.

Canara Robeco Asset Management Company (CRAMC) reported strong Q2 and H1 FY27 financial performance with double-digit YoY growth in revenue and PAT, despite significant market volatility and foreign portfolio outflows. Management highlighted the resilience of domestic investor participation and steady SIP flows as key industry drivers. The company plans to expand its product offerings with new NFOs and evaluate new business lines like passives, SIF, AIF, and GIFT City, while

TCS sustained growth momentum in Q2FY27, reporting 1.3% sequential revenue growth (0.5% in constant currency) and 11.2% YoY revenue growth (2.8% in constant currency). Operating margins remained stable at 24%. The company's order book was healthy at US$9.6 billion, and annualized AI revenue crossed US$3.1 billion, representing over 10% of total revenue. While management expressed confidence in medium-term growth driven by a strong pipeline and increasing AI adoption, they ack

Canara Bank delivered a strong Q2 FY27, significantly surpassing most of its annual guidance targets across business growth, advances, deposits, asset quality, and profitability. While treasury operations faced headwinds, robust Net Interest Income growth compensated for the losses. Management remains optimistic about sustaining performance and managing the anticipated one-time ECL provisioning impact over the next few years.

Monolithisch India Limited reported strategic progress centered on backward integration through the Nawada quartzite mine acquisition, which is expected to reduce raw material procurement costs by INR1,200 to INR1,400 per metric ton and lower inventory levels. Additionally, the company announced two new greenfield facilities in Western India (Udaipur) and Southern India (Hospet) with a combined capacity of 300,000 metric tons per annum and a total capex of INR45 crores, targe

ICICI Prudential AMC reported a mixed quarter with strong AUM growth and operating profit, but PAT saw a QoQ degrowth primarily due to mark-to-market adjustments in other income. While the company maintained its market position and saw good traction in alternates and SIFs, systematic transaction flows moderated, and redemptions were slightly higher, particularly in hybrid schemes. Management remains focused on long-term growth, product diversification, and scaling existing al

The Federal Bank Limited reported strong financial performance for Q1 FY27, driven by a 36.6% YoY growth in net profit to INR 1,177 Cr, improving NIM at 3.33%, and decadal-best asset quality metrics including a Net NPA of 0.18%. Management continues to execute Project Breakthrough 4.0 with robust granular deposit mobilisation (85% granular funding share) and strong institutional backing from IFC and Blackstone.

Axis Bank delivered robust Q2FY27 performance with advances up 23% YoY and deposits up 21% YoY, while net profit grew 38% YoY to ₹7,003 crores supported by healthy net interest income growth and improving asset quality metrics.

ICICI Bank delivered robust performance in Q2-2027 with a 20.1% y-o-y increase in profit after tax to ₹ 148.43 bn, supported by strong loan growth across business banking and domestic corporate portfolios, further improvements in asset quality ratios, and healthy capital adequacy.

Urban Company reported strong growth across its core businesses, with consolidated NTV up 39.1% YoY and revenue up 41.4% YoY. The core businesses (India Consumer Services, International, Native) are showing significant operating leverage and margin expansion, leading to a positive adjusted EBITDA of ₹30 crores excluding InstaHelp. However, consolidated results reflect a substantial ₹174 crore investment in InstaHelp, which remains a strategic focus for long-term market leader

Onward Technologies reported a strong performance for Q2 FY27 with revenue reaching 170.2Cr (up 22.4% YoY) and PAT at 16.8Cr (up 39.8% YoY), supported by operating leverage, improved utilization, and higher-value digital engineering contracts.

Can Fin Homes experienced a significant impact on Q2 FY27 disbursements due to its IT transformation project, Project Tejas, which is now fully live. Despite this, management maintains its full-year disbursement and AUM growth guidance, confident in a strong H2 recovery driven by increased sales team strength, new branches, and robust underlying demand. The company also aims to protect its NIM and spread by strategically passing on interest rate hikes.

Bajaj Housing Finance Limited reported strong financial and operational performance for Q2 FY27, marked by a 25% YoY increase in Assets Under Management to ₹ 1,58,205 crore, a 18% YoY growth in Profit After Tax to ₹ 757 crore, and stable asset quality with GNPA at 0.29%.

RBL Bank reported a strong transformation following the completion of Emirates NBD's majority acquisition, resulting in massive capital expansion, superior credit ratings, and improving asset quality metrics in Q1 FY2027.

The South Indian Bank Limited delivered a robust financial performance for Q2 FY27, characterized by healthy year-on-year growth in gross advances and net interest income, alongside continued asset quality improvements and strong capital adequacy.

L&T Finance Limited (LTF) delivered strong financial performance for Q2FY27, characterized by 28% YoY book growth to Rs. 1,36,635 Cr, a 33% YoY increase in PAT to Rs. 975 Cr, and an expanding RoE of 13.56%. The company continues to advance its Lakshya 2031 strategy, anchored heavily by proprietary AI and deep tech platforms like Cyclops and Nostradamus, while maintaining robust asset quality and stable liability costs.

Billionbrains Garage Ventures Limited (Groww) reported Q2 FY27 earnings with flat operational performance, impacted by higher cost-to-serve from one-time expiry file delays, AI infrastructure spending, and active trading days, alongside a seasonal drop in cost-to-grow due to the absence of IPL branding expenses.

Wipro delivered flat‑sequential revenue with modest margin expansion, highlighted growing AI‑related wins and sector‑specific momentum, but flagged a soft demand backdrop, US healthcare policy headwinds and seasonal furloughs that constrain Q3 outlook.

Sterling and Wilson Renewable Energy Limited reported a decline in overall revenue and profitability for Q2 FY27 due to lower execution in the International EPC segment, although O&M revenue saw strong growth and gross margins showed slight improvement.

Anand Rathi Wealth delivered a strong Q2 and H1 FY27, reporting consistent year-on-year growth in PAT and revenue, despite a challenging market environment. The company achieved record net flows and client acquisitions, maintaining low attrition rates. Management expressed optimism about future growth, reaffirming full-year guidance for revenue and PAT, and outlined strategic initiatives including the upcoming mutual fund license application and operationalization of GIFT Cit

Cyient DLM reported strong financial performance for Q2 FY27 with revenue of Rs. 3,931 Mn (up 26.5% YoY) and an all-time high order book of Rs. 28,137 Mn, while normalization reveals steady underlying profit growth backed by scaling box build capabilities.

HCLTech delivered solid top‑line growth and margin expansion, driven by strong Advanced AI services and record bookings, while software revenue declined and margin guidance remains cautious.

Tata Communications Limited delivered a strong financial performance in Q2FY27 with robust YoY growth in revenue and PAT, supported by improving digital margins, though digital portfolio remains on the path to breakeven.

HDFC Life delivered a resilient performance for H1 FY27, reporting steady growth in APE, Value of New Business (VNB), and Profit After Tax, supported by strong retail protection growth and a well-diversified distribution and product mix.

Elecon Engineering Company Limited reported solid financial performance for Q2 FY27 with revenue of Rs. 638.9 crores and PAT of Rs. 96.3 crores, supported by robust order book growth and margin expansion in the gear division.

The provided document is an official conference call invite and schedule announcement for Marico Limited's Q2FY27 earnings, with no operational or financial results disclosed yet.

Poonawalla Fincorp reported a strong quarter, marking an 'inflection point' with significant improvements across key financial metrics. The company achieved disciplined AUM expansion, enhanced NIM and fee income, and reduced credit costs, leading to a structural lift in ROA. New product launches are scaling well, contributing significantly to disbursements, and the cross-sell engine is beginning to fire. Asset quality metrics showed broad-based improvement, supported by robus

The provided transcript is solely an announcement for HFCL Limited's Q2FY27 earnings conference call and does not contain any discussion of financial results, management commentary, outlook, or guidance. Therefore, no insights into the company's performance or future plans can be extracted from this document.

Asset Reconstruction Company (India) Limited (Arcil) reported strong performance for Q1 FY27, driven by a 151% YoY surge in total recoveries and a 107% YoY increase in standalone PAT to INR143 crores, despite light seasonal acquisitions. Management highlighted that performance should be evaluated over longer periods due to the chunky nature of corporate recoveries and seasonal acquisitions.

Ganesh Benzoplast Limited has agreed to divest its liquid tank farm (LST) businesses at JNPA, Goa, and Cochin along with the JNPA-linked rail business for an aggregate valuation of INR 1,154 crores to KKR. The management plans to pivot into a chemical and EPC-focused pure play, returning approximately INR 200 crores from the first tranche to public shareholders via a special dividend and buyback while reinvesting the balance into expanding the chemical segment and scaling the

Sudarshan Chemical delivered a robust Q1 FY2027 performance following the Clariant-Heubach integration, achieving consolidated revenue of over Rs.2,600 Crores and solid EBITDA expansion. Despite geopolitical headwinds and supply chain friction, management remains focused on value capture, cost reduction, and completing IT integration while maintaining a cautious wait-and-watch approach on guidance.

Solar Industries India Limited announced a transformational definitive agreement to acquire South Africa-based Omnia Holdings Limited through its wholly-owned step-down subsidiary, Solar Overseas Investments Proprietary Limited. Management outlined strong strategic rationale focusing on value-chain integration, expansion in the SADC region, and synergies across mining and agriculture segments, while emphasizing comfort with leverage limits below 2x EBITDA by FY28.

Sterlite Technologies Limited held an investor and analyst meeting on September 3, 2026, announcing its strategic growth roadmap titled 'Lakshya' targeting INR 20,000 crore revenue and over 27% EBITDA margin by FY29. The management highlighted the structural shift from connecting people via traditional telecom to connecting intelligence and compute inside AI data centers, supported by an open order book of over $2 billion and planned annual capital expenditure of approximatel

Centum Electronics delivered a steady Q1 FY27 performance with stand-alone revenue growing 11% YoY to INR205 crores and stand-alone order book expanding 31% YoY to INR1,800 crores. The quarter was marked by the successful completion and deconsolidation of overseas subsidiaries, eliminating future liabilities and sharpening focus on the core India ESDM platform, despite some near-term margin mutedness due to project phasing in the BTS segment.

India Glycols delivered a strong Q1 FY27 with double-digit growth in gross revenue, EBITDA, and PAT, alongside steady progress on its NCLT-approved business restructuring into separate entities.