INDIAN HOTELS CO CONCALL UPDATE
CO. IS ON TRACK TO ACHIEVE ITS TARGET OF 50 HOTEL OPENINGS IN FY27, WITH 30 HOTELS EXPECTED TO OPEN IN THE SECOND HALF;
MANAGEMENT REMAINS CONFIDENT OF SUSTAINING MANAGEMENT FEE GROWTH AT A HIGH TEENS CAGR, SUPPORTED BY A STRONG PIPELINE AND NEW HOTEL CONTRIBUTIONS.
CO. IS ON TRACK TO ACHIEVE ITS TARGET OF 50 HOTEL OPENINGS IN FY27, WITH 30 HOTELS EXPECTED TO OPEN IN THE SECOND HALF;
MANAGEMENT REMAINS CONFIDENT OF SUSTAINING MANAGEMENT FEE GROWTH AT A HIGH TEENS CAGR, SUPPORTED BY A STRONG PIPELINE AND NEW HOTEL CONTRIBUTIONS.
INTERNATIONAL GEMOLOGICAL GUIDANCE
MANAGEMENT INITIALLY GUIDED FOR FY2027 REVENUE GROWTH OF 15% AND EBITDA GROWTH OF 20%, SET IN MAY;
GIVEN THE STRONG H1 PERFORMANCE, WITH REVENUES GROWING 27% AND EBITDA 34%, MANAGEMENT EXPECTS TO OUTPERFORM THE FULL
MANAGEMENT INITIALLY GUIDED FOR FY2027 REVENUE GROWTH OF 15% AND EBITDA GROWTH OF 20%, SET IN MAY;
GIVEN THE STRONG H1 PERFORMANCE, WITH REVENUES GROWING 27% AND EBITDA 34%, MANAGEMENT EXPECTS TO OUTPERFORM THE FULL
FESTIVE DEMAND IS BOOSTING BOOKINGS AT MARUTI SUZUKI, HYUNDAI AND TATA MOTORS, WITH MARUTI SUZUKI (MARUTI) THE KEY STOCK TO WATCH, THOUGH SUPPLY CONSTRAINTS AND A HIGH COMPARISON BASE MAY LIMIT SALES GROWTH.
ABBOTT INDIA: ABBOTT LAB TO SPIN OFF NUTRITION BUSINESS AS IT REFOCUSES ON CORE HEALTHCARE OPERATIONS
ULTRATECH CEMENT PRICE HIKES SET TO SUPPORT H2 MARGINS, BUT FUEL COSTS REMAIN KEY RISK
U.S SEEKS TO DEEPEN ENERGY PARTNERSHIP WITH INDIA AS LPG SUPPLIES SURGE ( RELIANCE INDUSTRIES )
HDFC BANK PROBE FLAGS ALLEGED LEAK OF CONFIDENTIAL STRATEGIES BY TWO SENIOR EXECUTIVES, RAISING GOVERNANCE CONCERNS
GUJARAT URGES INDUSTRIES TO SHIFT POWER CONSUMPTION AS ELECTRICITY DEMAND SURGES AND COAL SUPPLIES TIGHTEN
ABBOTT INDIA: ABBOTT LAB TO SPIN OFF NUTRITION BUSINESS AS IT REFOCUSES ON CORE HEALTHCARE OPERATIONS
ULTRATECH CEMENT PRICE HIKES SET TO SUPPORT H2 MARGINS, BUT FUEL COSTS REMAIN KEY RISK
U.S SEEKS TO DEEPEN ENERGY PARTNERSHIP WITH INDIA AS LPG SUPPLIES SURGE ( RELIANCE INDUSTRIES )
HDFC BANK PROBE FLAGS ALLEGED LEAK OF CONFIDENTIAL STRATEGIES BY TWO SENIOR EXECUTIVES, RAISING GOVERNANCE CONCERNS
GUJARAT URGES INDUSTRIES TO SHIFT POWER CONSUMPTION AS ELECTRICITY DEMAND SURGES AND COAL SUPPLIES TIGHTEN
❤4
SRF Ltd – Q2 FY27 FINANCIAL RESULTS HIGHLIGHTS
Un-audited financial results for the quarter and half year ended 30th September 2026:
- Revenue from Operations: INR 4904.2 Cr (up 35% YoY)
- Operational EBIT: INR 816 Cr (up 25% YoY)
- Profit Before Tax (PBT): INR 671 Cr (up 17% YoY)
- Profit After Tax (PAT): INR 509.1 Cr (up 14% YoY)
- Chemicals Business Revenue: INR 2079.5 Cr
- Performance Films & Foil Revenue: INR 2122.4 Cr
Un-audited financial results for the quarter and half year ended 30th September 2026:
- Revenue from Operations: INR 4904.2 Cr (up 35% YoY)
- Operational EBIT: INR 816 Cr (up 25% YoY)
- Profit Before Tax (PBT): INR 671 Cr (up 17% YoY)
- Profit After Tax (PAT): INR 509.1 Cr (up 14% YoY)
- Chemicals Business Revenue: INR 2079.5 Cr
- Performance Films & Foil Revenue: INR 2122.4 Cr
SOURCES ON IRDAI'S DISTRIBUTION CONSULTATION PAPER
IRDAI open to extending feedback period on distribution reforms consultation paper
IRDAI open to selective extension for market intermediaries
IRDAI open to considering stakeholder requests for consultation extension
IBAI sought extension, met IRDAI leadership on concerns last week
Alert: IBAI - Insurance Brokers Association of India. Stakeholder comment deadline Oct. 25; implementation proposed Jan. 1, 2027
IRDAI open to extending feedback period on distribution reforms consultation paper
IRDAI open to selective extension for market intermediaries
IRDAI open to considering stakeholder requests for consultation extension
IBAI sought extension, met IRDAI leadership on concerns last week
Alert: IBAI - Insurance Brokers Association of India. Stakeholder comment deadline Oct. 25; implementation proposed Jan. 1, 2027
📊 IPO GMP UPDATE
JIO PLATFORMS
• Issue Date: 21–23 October
• GMP: ₹246 (21.98%)
PARAS HEALTHCARE
• Issue Date: 21–23 October
• GMP: ₹25 (3.61%)
SFC ENVIRONMENTAL TECHNOLOGIES
• Issue Date: 27–29 October
• GMP: ₹31 (9.39%)
BLS POLYMERS
• Issue Date: 27–29 October
• GMP: ₹30 (20.00%)
Note: GMP is unofficial and may change frequently.
JIO PLATFORMS
• Issue Date: 21–23 October
• GMP: ₹246 (21.98%)
PARAS HEALTHCARE
• Issue Date: 21–23 October
• GMP: ₹25 (3.61%)
SFC ENVIRONMENTAL TECHNOLOGIES
• Issue Date: 27–29 October
• GMP: ₹31 (9.39%)
BLS POLYMERS
• Issue Date: 27–29 October
• GMP: ₹30 (20.00%)
Note: GMP is unofficial and may change frequently.
FGE NEXANTECA, IMAN NASSERI SAYS
Global oil supply disruptions expected to persist.
Product prices surge, trading at a $30-70/bbl premium.
Middle East production gradually recovering to pre-war levels.
Crude oil flows recover to 70% of pre-war levels.
Crude oil demand falls by 3-5 million barrels per day.
New oil supply sources emerge from markets such as Brazil.
US President shifts focus to increasing pressure on Iran's economy.
Oil prices could cool if attacks in West Asia, particularly on Saudi Arabia, come to a halt.
Global oil supply disruptions expected to persist.
Product prices surge, trading at a $30-70/bbl premium.
Middle East production gradually recovering to pre-war levels.
Crude oil flows recover to 70% of pre-war levels.
Crude oil demand falls by 3-5 million barrels per day.
New oil supply sources emerge from markets such as Brazil.
US President shifts focus to increasing pressure on Iran's economy.
Oil prices could cool if attacks in West Asia, particularly on Saudi Arabia, come to a halt.
🍌1
QUANT MUTUAL FUND, SANDEEP TANDON
More Optimistic On The FII Flow Front Now
Worried About 150 Midcap Stks Where Locals (Retail, HNI, Family Offices) Have Crowded Into, They Are Expensive
Market Could Form A Trading Bottom In The Next Few Weeks
We Are In The Early Phases Of Capitulation In Midcaps
Time To Identify Relatively High Beta Names In Large Caps
More Optimistic On The FII Flow Front Now
Worried About 150 Midcap Stks Where Locals (Retail, HNI, Family Offices) Have Crowded Into, They Are Expensive
Market Could Form A Trading Bottom In The Next Few Weeks
We Are In The Early Phases Of Capitulation In Midcaps
Time To Identify Relatively High Beta Names In Large Caps
SOWILO INVESTMENT SANDIP AGARWAL
I.T. SECTOR OUTLOOK
Expect Minimal Impact Of Al Deflation In H2FY27 For IT Cos
Expect IT Cos To Deliver PAT Growth Of 45-70% Over The Next 3 Years
Global IT Cos Have Recovered Much Faster Than Indian IT Cos
Enterprise Al Is A Big Opportunity For IT Cos Going Ahead
Stock Valuations Are A Concern For Cybersecurity Providers
I.T. SECTOR OUTLOOK
Expect Minimal Impact Of Al Deflation In H2FY27 For IT Cos
Expect IT Cos To Deliver PAT Growth Of 45-70% Over The Next 3 Years
Global IT Cos Have Recovered Much Faster Than Indian IT Cos
Enterprise Al Is A Big Opportunity For IT Cos Going Ahead
Stock Valuations Are A Concern For Cybersecurity Providers
PAISALO DIGITAL Q2 FY27
Net Profit: ₹66 Cr ↑27% YoY | ↑7% QoQ
Revenue: ₹277 Cr ↑24% YoY | ↑7% QoQ
Operating Profit: ₹223 Cr ↑32% YoY | ↑10% QoQ
Operating Profit Margin: 80.3% vs 75.4% YoY | 77.6% QoQ
Net Profit: ₹66 Cr ↑27% YoY | ↑7% QoQ
Revenue: ₹277 Cr ↑24% YoY | ↑7% QoQ
Operating Profit: ₹223 Cr ↑32% YoY | ↑10% QoQ
Operating Profit Margin: 80.3% vs 75.4% YoY | 77.6% QoQ
PAISALO DIGITAL Q2 FY27 (Consolidated)
GROSS NPA AT: 0.66% (vs 0.70% in Q1 FY27 | vs 0.81% in Q2 FY26)
NET NPA AT: 0.46% (vs 0.49% in Q1 FY27 | vs 0.65% in Q2 FY26)
NIMs AT: 6.43% (vs 6.60% in Q1 FY27 | vs 6.52% in Q2 FY26)
GROSS NPA AT: 0.66% (vs 0.70% in Q1 FY27 | vs 0.81% in Q2 FY26)
NET NPA AT: 0.46% (vs 0.49% in Q1 FY27 | vs 0.65% in Q2 FY26)
NIMs AT: 6.43% (vs 6.60% in Q1 FY27 | vs 6.52% in Q2 FY26)
KEI INDUSTRIES, ANIL GUPTA SAYS
Expect FY27 Volume Growth To Be Over 10% & Revenue Growth To Be 25%
Sanand EHV Facility Will Commence By End Of March 2027
West Asia Market Demand Is Present, Issue Is Logistics
Street Is Taking Impact Of UltraTech's Entry On Incumbents 'Too Seriously'
Do Not Expect To See Price Cut Led Competition Due To UltraTech's Entry
Expect FY27 Volume Growth To Be Over 10% & Revenue Growth To Be 25%
Sanand EHV Facility Will Commence By End Of March 2027
West Asia Market Demand Is Present, Issue Is Logistics
Street Is Taking Impact Of UltraTech's Entry On Incumbents 'Too Seriously'
Do Not Expect To See Price Cut Led Competition Due To UltraTech's Entry
EMUDHRA, KAUSHIK SRINIVASAN SAYS
'Its A One-off Incident On A Bad Day'
IT Ministry Officials Visited Us As Well
Admit There Was A Script Error, But This Is A One-off Issue
No Damage Done To The Ecosystem
e-Sign Biz Is Only 1% Of Our Overall Global Revenue, No Impact On Digital Enterprise Rev
'Its A One-off Incident On A Bad Day'
IT Ministry Officials Visited Us As Well
Admit There Was A Script Error, But This Is A One-off Issue
No Damage Done To The Ecosystem
e-Sign Biz Is Only 1% Of Our Overall Global Revenue, No Impact On Digital Enterprise Rev
BETA DRUGS Q2 FY27
Net Profit: ₹19 Cr ↑58% YoY | ↑17% QoQ
Revenue: ₹137 Cr ↑33% YoY | ↑10% QoQ
EBITDA: ₹30 Cr ↑42% YoY | ↑11% QoQ
EBITDA Margin: 22.0% vs 20.6% YoY | 21.8% QoQ
Net Profit: ₹19 Cr ↑58% YoY | ↑17% QoQ
Revenue: ₹137 Cr ↑33% YoY | ↑10% QoQ
EBITDA: ₹30 Cr ↑42% YoY | ↑11% QoQ
EBITDA Margin: 22.0% vs 20.6% YoY | 21.8% QoQ