Concall Intelligence

Lumax Industries Limited delivered a strong operational performance in Q2 FY27 with revenue reaching INR 1,342 crore, up 33% year-on-year, driven by new launches, increasing LED penetration, and volume growth. However, margins remain pressured due to geopolitical conflicts in West Asia, high crude-linked polymer prices, and elevated electronic component costs. Management revised the full-year revenue growth guidance upward to 25%+ while maintaining its target of double-digit

Equitas Small Finance Bank reported strong financial performance for Q2FY27, driven by robust advance and deposit growth crossing the Rs. 50,000 crore milestone each, and significant profitability expansion aided by lower credit costs, leading to an upward revision in the FY27 ROA guidance.

Firstsource Solutions delivered steady performance in Q2 FY27 with 12.2% YoY constant-currency revenue growth and 8 straight quarters of sequential margin expansion, leading management to raise the lower end of its full-year constant-currency revenue growth guidance to 10.5%-13%.

Macpower CNC Machines delivered record-breaking performance in Q2 and H1 FY27 across revenue, EBITDA, and PAT, driven by robust domestic demand and higher execution. Management remains focused on a risk-averse, debt-free growth model while expanding capacity through a new 13-acre facility and scaling up component manufacturing.

Sagility reported strong Q2 FY27 performance with consolidated revenue of INR 2,032.1Cr and adjusted EBITDA margin improving to a 6-quarter high of 26.3%, driven by operating efficiencies and foreign exchange tailwinds, prompting management to raise its full-year EBITDA margin guidance.

International Gemological Institute reported its best quarter in history for Q2 FY27, driven by robust volume growth in lab-grown diamonds, strong festive stocking, and favorable industry tailwinds.

Garware Hi-Tech Films Limited delivered its highest-ever quarterly revenue of INR696 crores in Q2 FY27, up 22% YoY, alongside a PAT of INR129.4 crores and an OPM of 24.4%. Growth was driven by improved realizations, favorable product mix, and strong export demand across over 90 countries. Management upgraded the FY27 EBITDA margin guidance to 27% plus-minus 2% while reaffirming the revenue target of over INR2,500 crores, supported by upcoming capacities in TPU and solar contr

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.