UNIFIZ CAPITAL | Q1 FY27 Results

• Net Profit: ₹17.36 Cr, ↑3% YoY, ↓10% QoQ

• NII: ₹147.90 Cr, ↑86% YoY, ↑6% QoQ

INDO FARM EQUIPMENT | Q1 FY27 Results

• Net Profit: ₹5.66 Cr, ↑4% YoY, ↓35% QoQ

• Revenue: ₹110.24 Cr, ↑15% YoY, ↓18% QoQ

• EBITDA: ₹14.46 Cr, ↑10% YoY, ↓22% QoQ

• EBITDA Margin: 13.1% vs 13.7% YoY and 13.9% QoQ

SALZER ELECTRONICS | Q1 FY27 Results

• Net Profit: ₹8.33 Cr, ↓52% YoY, ↓20% QoQ

• Revenue: ₹498.02 Cr, ↑13% YoY, ↑5% QoQ

• EBITDA: ₹31.31 Cr, ↓25% YoY, Flat QoQ

• EBITDA Margin: 6.3% vs 9.5% YoY and 6.6% QoQ

ANANT RAJ | Q1 FY27 Results

• Net Profit: ₹149.19 Cr, ↑19% YoY, ↑0.3% QoQ

• Revenue: ₹631.40 Cr, ↑7% YoY, ↓2% QoQ

• EBITDA: ₹183.39 Cr, ↑22% YoY, ↑10% QoQ

• EBITDA Margin: 29.0% vs 25.4% YoY and 25.9% QoQ

ANMOL INDIA | Q1 FY27 Results

• Net Profit: ₹6.00 Cr, ↑5% YoY, ↑139% QoQ

• Revenue: ₹455.72 Cr, ↓21% YoY, ↑48% QoQ

• EBITDA: ₹9.88 Cr, ↓3% YoY, ↑253% QoQ

• EBITDA Margin: 2.2% vs 1.8% YoY and 0.9% QoQ

PAR DRUGS AND CHEMICALS | Q1 FY27 Results

• Net Profit: ₹4.71 Cr, ↑42% YoY, ↑452% QoQ

• Revenue: ₹31.28 Cr, ↑20% YoY, ↑59% QoQ

• EBITDA: ₹6.38 Cr, ↑79% YoY, ↑343% QoQ

• EBITDA Margin: 20.4% vs 13.7% YoY and 7.4% QoQ

COROMANDEL AGRO PRODUCTS AND OILS | Q1 FY27 Results

• Net Profit: ₹1.57 Cr, ↓31% YoY, vs Net Loss of ₹0.40 Cr QoQ

• Revenue: ₹17.26 Cr, ↓3% YoY, ↓66% QoQ

• EBITDA: ₹1.87 Cr, ↓28% YoY, vs EBITDA Loss of ₹0.54 Cr QoQ

• EBITDA Margin: 10.8% vs 14.5% YoY and -1.1% QoQ

IKIO TECHNOLOGIES | Q1 FY27 Results

• Net Profit: ₹11.05 Cr, ↑365% YoY, ↓37% QoQ

• Revenue: ₹169.29 Cr, ↑41% YoY, ↑2% QoQ

• EBITDA: ₹21.96 Cr, ↑94% YoY, ↓15% QoQ

• EBITDA Margin: 13.0% vs 9.4% YoY and 15.7% QoQ

POWER MECH PROJECTS | Q1 FY27 Results

• Net Profit: ₹89.33 Cr, ↑11% YoY, ↓42% QoQ

• Revenue: ₹1,623.68 Cr, ↑26% YoY, ↓23% QoQ

• EBITDA: ₹167.32 Cr, ↓2% YoY, ↓26% QoQ

• EBITDA Margin: 10.3% vs 13.2% YoY and 10.7% QoQ

ROTO PUMPS | Q1 FY27 Results

• Net Profit: ₹9.25 Cr, ↑47% YoY, ↑61% QoQ

• Revenue: ₹75.60 Cr, ↑15% YoY, ↓7% QoQ

• EBITDA: ₹15.18 Cr, ↑12% YoY, ↑19% QoQ

• EBITDA Margin: 20.1% vs 20.6% YoY and 15.7% QoQ

MISHTANN FOODS | Q1 FY27 Results

• Net Profit: ₹0.49 Cr, ↓99% YoY, ↑1,197% QoQ

• Revenue: ₹18.29 Cr, ↓95% YoY, ↓41% QoQ

• EBITDA: ₹1.17 Cr, ↓99% YoY, ↑96% QoQ

• EBITDA Margin: 6.4% vs 21.7% YoY and 1.9% QoQ

BCC FUBA INDIA | Q1 FY27 Results

• Net Profit: ₹3.62 Cr, ↑174% YoY, ↑98% QoQ

• Revenue: ₹25.27 Cr, ↑63% YoY, ↑11% QoQ

• EBITDA: ₹5.90 Cr, ↑138% YoY, ↑86% QoQ

• EBITDA Margin: 23.3% vs 16.0% YoY and 13.9% QoQ

SHAILY ENGINEERING PLASTICS | Q1 FY27 Results

• Net Profit: ₹48.01 Cr, ↑17% YoY, ↑20% QoQ

• Revenue: ₹280.67 Cr, ↑14% YoY, ↑19% QoQ

• EBITDA: ₹83.05 Cr, ↑22% YoY, ↑27% QoQ

• EBITDA Margin: 29.6% vs 27.7% YoY and 27.7% QoQ

WINDSOR MACHINES | Q1 FY27 Results

• Net Loss: ₹0.91 Cr vs Loss of ₹10.54 Cr YoY; vs Profit of ₹7.24 Cr QoQ

• Revenue: ₹148.87 Cr, ↑31% YoY, ↓19% QoQ

• EBITDA: ₹6.31 Cr, ↓21% YoY, ↓42% QoQ

• EBITDA Margin: 4.2% vs 7.0% YoY and 5.9% QoQ

INDIA'S FLYING TAXI DREAM TAKES OFF! ELECTRIC AIR TAXIS TO FLY BY 2028 — TESTING BEGINS NEXT YEAR

AI IS A NET JOB CREATOR IN INDIA! 83,100 AI HIRINGS VS 31,921 LAYOFFS — NOMURA SAYS AI CREATED 51,000 MORE JOBS THAN IT KILLED

COLAB PLATFORMS | Q1 FY27 Results

• Net Profit: ₹1.42 Cr, ↑18% YoY, ↑81% QoQ

• Revenue: ₹32.64 Cr, ↑50% YoY, ↓36% QoQ

• EBITDA: ₹0.16 Cr vs EBITDA Loss of ₹0.07 Cr YoY, ↓88% QoQ

• EBITDA Margin: 0.5% vs -0.3% YoY and 2.6% QoQ

SAVERA INDUSTRIES | Q1 FY27 Results

• Net Profit: ₹3.81 Cr, ↓34% YoY, ↑443% QoQ

• Revenue: ₹28.79 Cr, ↑30% YoY, ↑4% QoQ

• EBITDA: ₹4.86 Cr, ↑8% YoY, ↑74% QoQ

• EBITDA Margin: 16.9% vs 20.5% YoY and 10.1% QoQ

📌 KAYNES – Q1 FY27 Concall Highlights

📈 Revenue

• Consolidated revenue grew 40% YoY to ₹946 crore.

• EBITDA stood at ₹147.6 crore, with 15.6% margin.

• Order book remained strong at around ₹9,000 crore.

⚙️ EMS

• Standalone EMS business grew 53% YoY.

• Overseas entities recorded strong 327% growth.

• Core EMS growth remains strong, supported by automotive, industrial and high-value electronics opportunities.

📟 Smart Metering

• Smart Metering revenue declined 12% YoY to ₹204 crore.

• Management deliberately slowed production and supplies due to weak collections, prioritising cash flow and balance-sheet protection.

• Against around ₹210 crore metering revenue, collections were only ₹88 crore.

• Alternative structures, including potential divestment of the service/installation portion, are being evaluated.

• Clearer strategic roadmap expected by February 2027.

💸 Cash Flow

• Operating cash flow was negative at ₹259 crore, partly due to higher strategic inventory.

• Management remains confident of becoming operating cash-flow positive by FY27-end.

🔬 Semiconductor

• Kaynes Semicon Unit 2 remains on track to commence operations in Q3 FY27.

• OSAT + PCB FY27 revenue target maintained at ₹450–500 crore, with contribution starting from Q3.

• Semiconductor business received around ₹170 crore government subsidy.

• OSAT customer trials and validations are nearing completion, with commercial billing expected shortly.

🖥️ PCB

• Kaynes Circuit remains on track for operations in Q3 FY27.

• A major global customer has indicated demand for the entire initial PCB capacity and has already provided a vendor code.

🚗 EV

• Company has onboarded India's second-largest two-wheeler EV manufacturer.

• Close to securing business from a major global EV manufacturer.

📌 KAYNES – Q1 FY27 Concall Highlights

🛰️ Space & Defence

• Company is developing its first preview satellite, targeting launch around mid-2027.

• Subsidiaries are entering titanium gas bottle manufacturing for ISRO and DRDO.

🌎 Global Expansion

• August Electronics has completed one year of integration, strengthening Kaynes' North American manufacturing footprint.

• Kaynes Semicon has partnered with Mitsui to develop opportunities in Japan.

🎯 Outlook

• Management aims to grow at around 2x underlying market growth.

• Profitability expected to normalise over the next two quarters as forex and supply-chain pressures ease.

🏭 Capex

• FY27 capex includes around: • ₹300 crore – OSAT
• ₹300 crore – PCB
• ₹250 crore – EMS

🏦 Debt

• Consolidated net debt stands at around ₹800 crore.

• Debt-to-equity remains relatively low at around 0.3x.

📉 Margins

• Component prices have increased 30–35% in certain categories, while some PCB prices have risen as much as 3x.

• Management cautioned that FY27 could remain challenging for gross margins due to component shortages and elevated input costs.

💻 OSAT Demand

• Customer qualifications are progressing, with commercial revenue expected as facilities become operational.

• Strong early demand visibility for PCB capacity from a large global customer.

💰 Tax

• Effective tax rate stood at around 35%, impacted by intangible amortisation, intra-company interest capitalisation and losses at certain subsidiaries.

US SENATE CLEARS RUSSIA SANCTIONS BILL, INDIA FACES FRESH 100% TARIFF RISK

The U.S. Senate has passed legislation that would give President Trump authority to impose tariffs of up to 100% on major buyers of Russian oil and gas, potentially including India and China. The Senate vote was 86–11.