THE INDIAN HOTELS: CO UPGRADES FY27 CONSOLIDATED REVENUE GROWTH GUIDANCE TO 15-17%, HOTEL SEGMENT GROWTH TO 17-19%, SEES FY28 BETTER THAN FY27
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U.S. STATE DEPARTMENT IS SET TO ORDER THE DEPARTURE OF CERTAIN STAFF AND THEIR FAMILIES FROM AMERICAN EMBASSIES THROUGHOUT THE GULF
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ARAMCO OIL FIELD IN THE EASTERN REGION HAS BEEN ATTACKED, WITH THE SAUDI ENERGY MINISTRY SAYING AIR DEFENCES INTERCEPTED A DRONE ATTEMPTING TO TARGET A FACILITY AT ARAMCO’S SHAYBAH OILFIELD
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TWO PEOPLE WERE KILLED IN THE DRONE ATTACK ON SAUDI ARABIA’S SHAYBAH OILFIELD, THOUGH THERE WAS NO IMPACT ON OPERATIONS AT SAUDI ARAMCO’S SHAYBAH OILFIELD FOLLOWING THE ATTACK
MICROSOFT SAYS THAT AS EARLY AS SEPTEMBER 2026 THE CHINA-ALIGNED STORM-0940 ACTOR USED THE AI FRAMEWORK ARTEX TO AUTOMATE ATTACKS ON HUNDREDS OF ORGANIZATIONS GLOBALLY, ACHIEVING PRIVILEGED CLOUD ACCESS IN LESS THAN 3 HOURS IN MULTIPLE INSTANCES
MICROSOFT: STORM-0940 LINKED TO CONNECTWISE SUPPLY-CHAIN COMPROMISE; PASSWORD-SPRAY CAMPAIGN TARGETED 327 ACCOUNTS ACROSS 8 ORGANIZATIONS OCT. 10-14
MICROSOFT SAYS STORM-0940 AUTHENTICATION ACTIVITY WAS DETECTED IN MULTIPLE CUSTOMER ENVIRONMENTS, THOUGH DATA ACCESS HAS NOT BEEN CONFIRMED
MICROSOFT SAYS STORM-0940 HAS USED OAUTH APPLICATIONS TO ACCESS AND EXFILTRATE EMAIL AND OTHER DATA THROUGH MICROSOFT GRAPH
Meta Q3 2026 Earnings $META
EPS $3.83, est. $3.57
Rev. $64.60B, est. $63.33B
Ad rev. $63.06B, est. $61.85B
Family of Apps rev. $64.16B, est. $62.75B
Reality Labs rev. $443M, est. $517.7M
Oper income $12.99B, est. $20.85B
Family of Apps oper income $17.12B, est. $23.3B
Reality Labs oper loss $4.13B, est. loss $5.13B
Establishes new non-voting Class C common stock
Sees Q4 rev. $73B to $76B, est. $73.57B
EPS $3.83, est. $3.57
Rev. $64.60B, est. $63.33B
Ad rev. $63.06B, est. $61.85B
Family of Apps rev. $64.16B, est. $62.75B
Reality Labs rev. $443M, est. $517.7M
Oper income $12.99B, est. $20.85B
Family of Apps oper income $17.12B, est. $23.3B
Reality Labs oper loss $4.13B, est. loss $5.13B
Establishes new non-voting Class C common stock
Sees Q4 rev. $73B to $76B, est. $73.57B
Tesla Q3 2026 Earnings $TSLA
Adj. EPS $0.48, est. $0.44
Rev. $28.05B, est. $28.13B
EPS $0.22, vs. $0.39 y/y
Gross margin 19.6%, est. 17.8%
Automotive rev. $20.56B, est. $19.83B
Services and other rev. $4.61B, est. $4.3B
Energy generation and storage rev. $2.88B, est. $3.91B
Oper income $718M, est. $599.3M
Active FSD subscriptions 1.74M, est. 1.57M
FCF $1.53B, est. -$4.99B
Achieved second consecutive quarter of TTM rev. above $100B
Adj. EPS $0.48, est. $0.44
Rev. $28.05B, est. $28.13B
EPS $0.22, vs. $0.39 y/y
Gross margin 19.6%, est. 17.8%
Automotive rev. $20.56B, est. $19.83B
Services and other rev. $4.61B, est. $4.3B
Energy generation and storage rev. $2.88B, est. $3.91B
Oper income $718M, est. $599.3M
Active FSD subscriptions 1.74M, est. 1.57M
FCF $1.53B, est. -$4.99B
Achieved second consecutive quarter of TTM rev. above $100B
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IBM Q3 2026 Earnings $IBM
Oper EPS $2.95, est. $2.86
Rev. $17.10B, est. $16.83B
Software rev. $7.80B, est. $7.64B
Consulting rev. $5.34B, est. $5.39B
FCF $3.03B, est. $2.63B
Still sees FY rev. at constant FX +4% to +5%, est. +4.12%
Oper EPS $2.95, est. $2.86
Rev. $17.10B, est. $16.83B
Software rev. $7.80B, est. $7.64B
Consulting rev. $5.34B, est. $5.39B
FCF $3.03B, est. $2.63B
Still sees FY rev. at constant FX +4% to +5%, est. +4.12%
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NESTLE INDIA, ZYDUS WELLNESS
FSSAI HAS ISSUED NOTICES TO NESTLE INDIA AND ZYDUS WELLNESS OVER "MISLEADING CLAIMS" IN CERTAIN PRODUCTS AND HAS ASKED THE COMPANIES TO PROVIDE SCIENTIFIC PROOFS TO SUPPORT THEIR ADVERTISEMENTS
FSSAI HAS ISSUED NOTICES TO NESTLE INDIA AND ZYDUS WELLNESS OVER "MISLEADING CLAIMS" IN CERTAIN PRODUCTS AND HAS ASKED THE COMPANIES TO PROVIDE SCIENTIFIC PROOFS TO SUPPORT THEIR ADVERTISEMENTS
GOLDMAN SACHS ON INDIAN HOTELS
Target ₹890
Earlier Target ₹870
Recommendation Buy
KEY TAKEAWAYS
Q2: Large beat on RevPAR, FY27 revenue guidance raised
FY27 guidance raised, H2 visibility should ease some investor concerns
Likely to provide detailed long-term guidance for hotel additions in November
Earlier target of 700 portfolio hotels by FY30 will be complete well ahead of schedule
Target ₹890
Earlier Target ₹870
Recommendation Buy
KEY TAKEAWAYS
Q2: Large beat on RevPAR, FY27 revenue guidance raised
FY27 guidance raised, H2 visibility should ease some investor concerns
Likely to provide detailed long-term guidance for hotel additions in November
Earlier target of 700 portfolio hotels by FY30 will be complete well ahead of schedule
WAAREE RENEWABLE:
CO.EXPECTS TO MAINTAIN CONSOLIDATED EBITDA MARGINS ABOVE 15% AND ANTICIPATES T&D SEGMENT MARGINS, CURRENTLY 9-10%, TO IMPROVE IN COMING QUARTERS; THE UNEXECUTED ORDER BOOK OF OVER INR5,500 CR, INCLUDING INR3,300 CR FROM SOLAR EPC AND BESS, IS EXPECTED TO CONVERT INTO REVENUE OVER THE NEXT THREE TO FOUR QUARTERS
CO.EXPECTS TO MAINTAIN CONSOLIDATED EBITDA MARGINS ABOVE 15% AND ANTICIPATES T&D SEGMENT MARGINS, CURRENTLY 9-10%, TO IMPROVE IN COMING QUARTERS; THE UNEXECUTED ORDER BOOK OF OVER INR5,500 CR, INCLUDING INR3,300 CR FROM SOLAR EPC AND BESS, IS EXPECTED TO CONVERT INTO REVENUE OVER THE NEXT THREE TO FOUR QUARTERS
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MORGAN STANLEY ON VISHAL MEGA MART
Target ₹146
Recommendation Overweight
KEY TAKEAWAYS
Broad-based miss; impact of festive shift greater than expected
Reiterated FY27 double-digit SSSG target, implying lower growth in Q2 to be compensated in Q3
No customer demand moderation seen so far across regions
No further price hikes needed, at current levels of inflation
Confident on being able to maintain YoY margins in FY27, aided by cost re-engineering
Target ₹146
Recommendation Overweight
KEY TAKEAWAYS
Broad-based miss; impact of festive shift greater than expected
Reiterated FY27 double-digit SSSG target, implying lower growth in Q2 to be compensated in Q3
No customer demand moderation seen so far across regions
No further price hikes needed, at current levels of inflation
Confident on being able to maintain YoY margins in FY27, aided by cost re-engineering
MORGAN STANLEY ON ADANI GREEN
Target *1525
Recommendation Overweight
KEY TAKEAWAYS
Healthy Beat; 2%/8% beat on revenue/EBITDA, underpinning a strong PAT beat
Wind and hybrid CUFs in particular surprised, and were significantly stronger YoY
Key Moniterables in the Earnings call: Merchant realisations, BESS contribution and scale up over FY27, impact of curtailment
Target *1525
Recommendation Overweight
KEY TAKEAWAYS
Healthy Beat; 2%/8% beat on revenue/EBITDA, underpinning a strong PAT beat
Wind and hybrid CUFs in particular surprised, and were significantly stronger YoY
Key Moniterables in the Earnings call: Merchant realisations, BESS contribution and scale up over FY27, impact of curtailment
MACQUARIE ON ETERNAL
Target ₹225
Recommendation Underperform
KEY TAKEAWAYS
Continued strong execution
Management raised its store guidance to >3,500 by Mar-27 from 3,000 earlier
Acknowledge that consistent execution supports consensus expectations
Prefer Eternal over Swiggy and rate Eternal Underperform given what we believe is already priced in
Target ₹225
Recommendation Underperform
KEY TAKEAWAYS
Continued strong execution
Management raised its store guidance to >3,500 by Mar-27 from 3,000 earlier
Acknowledge that consistent execution supports consensus expectations
Prefer Eternal over Swiggy and rate Eternal Underperform given what we believe is already priced in