RAJRATAN GLOBAL WIRE: CO'S CHENNAI EXPANSION IS ON TRACK, WITH PHASE 1 CAPACITY OF 30,000 TPA NEARING FULL UTILISATION AND EXPANSION TO 60,000 TPA UNDERWAY

CHENNAI PETRO Q2 FY27

Net Profit: ₹2,271 Cr ↑124% QoQ

Revenue: ₹20,588 Cr ↓25% QoQ

EBITDA: ₹3,231 Cr ↑108% QoQ

EBITDA Margin: 15.7% vs 5.68% QoQ

MAHINDRA LIFESPACE DEVELOPERS Q2 FY27 (CONS.)

Net Profit: ₹16.34 Cr ↓65.89% YoY | ↓80.90% QoQ

Revenue: ₹32.42 Cr ↑84.62% YoY | ↓96.63% QoQ

EBITDA: ₹55.02 Cr loss vs ₹52.47 Cr loss YoY | ₹94.48 Cr profit QoQ

EBITDA Margin: -169.71% vs -298.80% YoY | 9.82% QoQ

HAVELLS INDIA Q2 FY27 (CONS.)

Net Profit: ₹349.22 Cr ↑9.72% YoY | ↑20.54% QoQ

Revenue: ₹6,431.99 Cr ↑34.58% YoY | ↓1.32% QoQ

EBITDA: ₹573.33 Cr ↑30.77% YoY | ↑22.99% QoQ

EBITDA Margin: 8.91% vs 9.17% YoY | 7.15% QoQ

⚡️ HAVELLS INDIA Q2 FY27
SEGMENT-WISE RESULTS (CONSOLIDATED)

⚡️ SWITCHGEARS

Revenue: ₹781.74 Cr | YoY +31.27% | QoQ +28.63%

Profit: ₹198.46 Cr | YoY +49.43% | QoQ +56.68%

🔌 CABLES

Revenue: ₹2,998.90 Cr | YoY +47.87% | QoQ +22.13%

Profit: ₹304.26 Cr | YoY +9.36% | QoQ +19.50%

💡 LIGHTING & FIXTURES

Revenue: ₹459.50 Cr | YoY +7.26% | QoQ +14.69%

Profit: ₹45.53 Cr | YoY -16.56% | QoQ +9.74%

🔌 ELECTRICAL CONSUMER DURABLES

Revenue: ₹1,072.11 Cr | YoY +10.68% | QoQ -3.68%

Profit: ₹66.95 Cr | YoY +33.57% | QoQ +14.79%

❄️ LLOYD CONSUMER

Revenue: ₹619.41 Cr | YoY +28.47% | QoQ -57.51%

Loss: ₹105.51 Cr vs. ₹105.97 Cr loss YoY; compared with ₹56.26 Cr profit QoQ.

☀️ RENEWABLES

Revenue: ₹329.16 Cr | YoY +148.57% | QoQ +4.71%

Profit: ₹27.25 Cr | YoY +443.91% | QoQ +226.35%

📊 OTHERS

Revenue: ₹171.17 Cr | YoY +19.26% | QoQ +1.03%

Profit: ₹10.20 Cr | YoY +150.61% | QoQ +23.94%

NIPPON LIFE INDIA Q2 FY27

Net Profit: ₹324 Cr ↓6% YoY | ↓36% QoQ

Revenue: ₹796 Cr ↑21% YoY | ↑4% QoQ

Operating Profit: ₹537 Cr ↑25% YoY | ↑6% QoQ

Operating Profit Margin: 67.5% vs 65.3% YoY | 66.2% QoQ

NAM-INDIA: Q2 CONS NET PROFIT 3.2B RUPEES VS 3.45B (YOY); EST 4.2B

NAM-INDIA: Q2 EBITDA 5.4B RUPEES VS 4.3B (YOY); Q2 EBITDA MARGIN 67.54% VS 65.3% (YOY)

NAM-INDIA: Q2 REVENUE 8B RUPEES VS 6.58B (YOY)

HAVELLS Q2 FY27 : ACTUAL VS ESTIMATES

• NET PROFIT AT ₹353 CR VS EST ₹352 CR — BEAT BY 0.28% 🟢

• REVENUE AT ₹6,416.6 CR VS EST ₹5,937 CR — BEAT BY 8.08% 🟢

• EBITDA AT ₹576.3 CR VS EST ₹536 CR — BEAT BY 7.52% 🟢

• EBITDA MARGINS AT 9% VS EST 9% — IN LINE 🟢

HAVELLS SAYS

Strong business performance with growth in each category

Consumption demand remained steady despite high inflation

Contribution margins softer YoY mainly due to cables, where fall in aluminium prices during Q2 weighed on margins; rest of the portfolio held margins as calibrated price hikes offset raw material inflation

Lloyds performance impacted due to RM costs

SAYAJI INDUSTRIES Q2 FY27 (CONS.)

Net Profit: ₹3.14 Cr vs ₹9.16 Cr loss YoY | ↓57.26% QoQ

Revenue: ₹263.55 Cr ↑5.71% YoY | ↓8.51% QoQ

EBITDA: ₹14.53 Cr vs ₹2.14 Cr loss YoY | ↓17.85% QoQ

EBITDA Margin: 5.51% vs -0.86% YoY | 6.14% QoQ

📊 HAVELLS Q2 FY27 – MANAGEMENT HIGHLIGHTS

📈 BUSINESS PERFORMANCE

• Strong growth across all product categories.

• Consumer demand remained steady despite elevated inflation.

• EBITDA growth supported by operating leverage despite softer contribution margins.

• PBT growth moderated due to a high base, as Q2 FY26 included a one-time gain of ₹45.27 Cr from the sale of the Faridabad facility.

🔌 CABLE MARGINS

• Decline in aluminium prices during Q2 weighed on cable contribution margins, leading to YoY margin pressure.

• H1 cable contribution margin stood at around 15%, in line with the long-term average.

🏭 OTHER SEGMENTS

• Margins remained stable as calibrated price hikes offset raw material inflation.

📊 HAVELLS Q2 FY27 – SEGMENT-WISE HIGHLIGHTS

⚡ SWITCHGEARS

• Strong growth supported by domestic demand recovery and rebound in exports after Q1 disruptions.

🔌 CABLES

• Revenue growth driven by commodity-linked price hikes and higher-sized cable sales.

💡 LIGHTING

• Demand improved with price stabilisation, while margins remained soft due to project orders.

🏠 ELECTRICAL CONSUMER DURABLES

• Growth across product categories, indicating healthy consumer demand.

☀️ RENEWABLES

• Continued rapid expansion with improving margins, supported by better product mix.

❄️ LLOYD CONSUMER

• Healthy revenue growth driven by volumes and price hikes.

• Margins remained subdued due to raw material inflation and under-absorption.

BLUE STAR , VOLTAS 🔴

HAVELLS ON AC BIZ

Healthy revenue growth driven by volumes and price hikes, but margins remained subdued due to raw material inflation and under-absorption

RUPEE SLIPS AGAIN

Rupee Gives Up Nearly All Gains From Wednesday's Appreciation, Down 44 Paise Currently

BRENT CRUDE FUTURES RISE BY MORE THAN 3% TO $112.55 PER BARREL, REACHING HIGHEST LEVEL SINCE MAY.

IRAN SAYS SCOPE OF CONFLICT MAY EXPAND ON HORMUZ 'ILLEGAL' TRANSIT

NAM-INDIA: MF QAAUM AT RS 7.87 TRILLION - UP 20% YOY – FASTEST GROWING AMC AMONG THE TOP-10 PLAYERS IN H1 FY27; MF QAAUM MARKET SHARE UP 51 BASIS POINTS YOY TO 9.02%

TINNARUBR: Q2 CONS NET PROFIT 170M RUPEES VS 118M (YOY)

TINNARUBR: Q2 EBITDA 295M RUPEES VS 216M (YOY); Q2 EBITDA MARGIN 18.8% VS 18.04% (YOY)


TINNARUBR: Q2 REVENUE 1.6B RUPEES VS 1.19B (YOY)

ADANIENSOL: Q2 CONS NET PROFIT 13.2B RUPEES VS 5.34B (YOY); EST 10.8B

ADANIENSOL: Q2 EBITDA 31B RUPEES VS 22.89B (YOY); Q2 EBITDA MARGIN 30.77% VS 34.70% (YOY)


ADANIENSOL: Q2 REVENUE 101B RUPEES VS 65.96B (YOY)

NDTV Profit – Dealing Room Check

🟢 MANKIND PHARMA

• Buy flows on HNI desk.
• Dealers expect positive news flow.

🟢 SBI CARDS
• Buy flows on HNI desk.
• Dealers expect credit costs to be on the lower side.
• Note: Stock has underperformed since its 2020 listing.

🔴 INFOSYS
• Buzz of potential guidance cut with earnings.

🟢 ABB
• Dealers expect strong sequential margin improvement.

☀️ ADANI GREEN ENERGY Q2 FY27 CONCALL HIGHLIGHTS

📊 FINANCIAL PERFORMANCE

• Q2 Revenue from Power Supply: UP 45% YoY to ₹4,019 Cr.

• Q2 EBITDA: UP 51% YoY to ₹3,835 Cr.

• H1 Revenue from Power Supply: UP 36% YoY to ₹8,299 Cr.

• H1 EBITDA: UP 41% YoY to ₹7,957 Cr, with a 93% margin.

• Management stated H1 EBITDA could have approached ₹9,000 Cr without grid curtailment.

• Average cost of debt remained stable at 8.9%, with 72% of loans at fixed rates.

☀️ ADANI GREEN ENERGY Q2 FY27 CONCALL HIGHLIGHTS

⚡️ OPERATIONAL HIGHLIGHTS

• Operational portfolio crossed 20 GW, reaching 20.8 GW.

• H1 energy sales increased 32% YoY to 25.7 billion units.

• Kavda project: 10.8 GW of solar, wind and hybrid capacity commissioned.

• Solar CUF declined to 23% from 24.8% due to grid curtailment.

🔋 BATTERY ENERGY STORAGE (BESS)

• Commissioned 3 GWh of BESS, taking total installed storage capacity to 6.6 GWh.

• Management expects to exceed its FY27 target of 10 GWh battery storage installation.

• BESS is being deployed as virtual transmission to store excess renewable power and reduce curtailment risks.

• Strategy is to secure long-term storage contracts with AA+ rated counterparties.