Concall Intelligence

The available source has not produced sufficient structured evidence.

Tech Mahindra delivered strong revenue and profit growth, highlighted AI and vertical wins, and expressed confidence in sustaining momentum into the December quarter.

Indian Bank reported a strong set of results for Q2 FY27 with net profit growing 14.71% YoY to Rs.3,462 crore (aided by NSE listing gains), healthy advances growth of 16.39%, and improving asset quality metrics with GNPA at 1.61%. Management has revised its deposit and advances growth guidance upwards for the full year while acknowledging potential headwinds from regulatory changes, potential HTM valuation shocks, and credit cost normalisation under ECL models.

Quarterly results showed modest revenue growth and a decline in profit, while management highlighted strong AUM growth, improved ARR retention, and long‑term profitability targets, but flagged margin pressure from higher costs and reliance on UBS flow execution.

CCL delivered strong Q2 results with double‑digit volume growth and profit expansion, and management reaffirmed its FY27 guidance of ~15% volume and EBITDA growth, while noting coffee price volatility and capacity considerations.

Emmvee delivered strong Q2 FY27 results with double‑digit revenue and profit growth, maintained high margins, and indicated that its expansion projects are on schedule, but future finance costs will rise post‑commissioning.

Anand Rathi Share and Stock Brokers Limited delivered a robust financial performance in Q2 FY27, reporting strong year-on-year growth in revenue and PAT supported by expansion in the Margin Trading Facility (MTF) and distribution businesses, despite a turbulent secondary market.

Shoppers Stop delivered modest top‑line growth and a turnaround to profitability, driven by strong festive demand, premiumisation initiatives and new store openings, while highlighting ongoing work on inventory and working‑capital optimisation.

E2E Networks delivered robust financial performance in Q2 FY27 with triple-digit YoY revenue growth and margin expansion, supported by Blackwell GPU deployment and improved utilization. Management maintains a disciplined approach to capex and avoids speculative guidance.

SG Finserve delivered strong Q2 FY27 results with record PAT and loan book growth, but management plans to increase leverage to 4x and targets 30‑35% AUM growth YoY, introducing execution and capital‑raising considerations.

Angel One delivered resilient Q2 FY27 results with consolidated revenue of 14.3 billion rupees and PAT of 3.35 billion rupees despite subdued capital market volumes. Operating margins expanded significantly year-over-year, supported by operating leverage and a diversified revenue mix.

HDFC Asset Management delivered solid revenue growth and maintained high profitability, while highlighting continued expansion of SIP inflows, alternative platform launches, and disciplined cost management; however, guidance on future revenue mix and margins remains limited.

Tips Music delivered strong top‑line and profit growth in Q2 FY27, driven by new releases and catalog performance across digital and non‑digital platforms. Management upgraded FY27 growth guidance but highlighted a front‑loaded content spend, ongoing YouTube Shorts negotiations and a smaller‑film focus for H2.

HDB Financial Services delivered strong top‑line and profit growth in Q2 FY27, driven by robust disbursements across enterprise and consumer segments, improved asset quality and margins, and continued capital strength. Management is optimistic about H2, citing festive demand and capacity to scale, but flags monsoon‑related inflation, seasonal asset‑quality pressures and regulatory fee uncertainties as risks.

Sri Lotus delivered strong revenue and profit growth in Q2 FY27, with robust pre‑sales and expanding margins, while management signals confidence in H2 launches and FY27 targets, albeit with execution and pricing risks.

Polycab delivered record revenue and profit growth in Q2 FY27, driven by strong demand across wires & cables and FMEG segments, while management reiterated an unchanged outlook despite macro‑headwinds and noted exposure to commodity and logistics risks.

Tata Technologies delivered solid revenue growth and maintained operating margin despite salary headwinds, but sequential PAT declined and technology solutions revenue fell due to accounting changes.

Karur Vysya Bank delivered strong revenue and profit growth in Q2 FY26-27, with business expansion and robust CASA inflows, while maintaining NIM above guidance; management signals cautious but optimistic outlook for FY26-27 growth of 18-20% and highlights competitive pressure on margins.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

The company delivered robust Q1 FY27 results, exceeding sector growth with double-digit volume and value expansion across all product categories. Margin expansion was driven by operational leverage and cost control. Management aims for more aggressive top-line growth, even if it impacts short-term margins, and new capacity is coming online for the festive season.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

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.

The proposed merger with ITC Infotech fundamentally alters Happiest Minds' standalone investment thesis. While aiming for significant scale and accelerated revenue targets, the combined entity introduces new integration risks, governance structures, and a re-evaluation of valuation metrics. The success hinges on disciplined execution of integration and synergy realization.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

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.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

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

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 available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

The proposed acquisition of Omnia Holdings is a transformational step for Solar Industries, significantly expanding its global footprint, manufacturing capabilities, and vertical integration in the explosives sector. Management's confidence in funding via debt and internal accruals, while maintaining defense capex, suggests a strong strategic rationale.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.

Metro Brands Limited reported steady operational performance for FY25-26, crossing the 1,000-store milestone and posting double-digit revenue and PAT growth, though shareholders raised concerns regarding a decline in revenue per square foot and return on capital employed.

The available source has not produced sufficient structured evidence.

The available source has not produced sufficient structured evidence.