Q2 Wrap For Today: Key Guidance Changes
Infy - CC growth guidance cut to 1-2% vs 1.5-3%
Coforge - FY27 EBIT margin guidance raised to 16% vs 15.5%
Shree cement - FY27 vol guidance raised to 40-41 MT
Dr Reddy - Semaglutide relaunch till Mar, Reiterated FY27 EBITDA Margins guidance of 20%+
JSW Steel - Coking coal prices to rise $25/tonne
Jana SFB - FY27 PAT growth guidance raised to 100% vs 80%; deposit growth to accelerate in H2
Newgen Software - FY27 guidance cut to 10% vs 15%
Shriram Fin: Lowers FY27 AUM growth guidance to 15-17% vs 18%
Infy - CC growth guidance cut to 1-2% vs 1.5-3%
Coforge - FY27 EBIT margin guidance raised to 16% vs 15.5%
Shree cement - FY27 vol guidance raised to 40-41 MT
Dr Reddy - Semaglutide relaunch till Mar, Reiterated FY27 EBITDA Margins guidance of 20%+
JSW Steel - Coking coal prices to rise $25/tonne
Jana SFB - FY27 PAT growth guidance raised to 100% vs 80%; deposit growth to accelerate in H2
Newgen Software - FY27 guidance cut to 10% vs 15%
Shriram Fin: Lowers FY27 AUM growth guidance to 15-17% vs 18%
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Opening Cues
Iran-US War Commentary Remains Mixed
Gold Trades Below $4000/oz
Slight Retreat In Brent/Natural Gas Prices
Nikkei In Red-On AI Led Sell-Off
Asian Markets Open Mixed
Risk Off Sentiment Remains
Technicals Remain Weak
FII Shorts Unchanged At 90%
FIIs Turn Buyers In Cash Market After 1 Session
Iran-US War Commentary Remains Mixed
Gold Trades Below $4000/oz
Slight Retreat In Brent/Natural Gas Prices
Nikkei In Red-On AI Led Sell-Off
Asian Markets Open Mixed
Risk Off Sentiment Remains
Technicals Remain Weak
FII Shorts Unchanged At 90%
FIIs Turn Buyers In Cash Market After 1 Session
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EARNINGS WATCHLIST
POSITIVE
Dr.Reddy's Labs-Q2-Margins surprise positively
Kotak Mahindra Bank- Strong 2Q with a beat on key operating metrics
Apollo Micro-Highest ever revenue, EBIDTA
TruAlt Bio, Bharat Coking Coal-Turnaround quarter
AU Small Finance Bank- Credit cost delivery much better than guidance
IDFC First Bank-NIM recovery ahead
Lumax Auto-PAT up 58% YoY
JK Cement-Strong operational beat
Coforge- Mgmt. confident on margin expansion
Tata Motors CV, IndusInd Bank, Torrent Pharma-Large Inline (With +ve bias)
NEGATIVE
Infosys-Cuts FY27 constant-currency revenue growth guidance
SBI Funds-PAT down 20% QoQ, weak receivables growth
JK Tyre-EBITDA margin contracted to 6.9% from 13% YoY
Oracle Financial Services-Weaker than estimates
POSITIVE
Dr.Reddy's Labs-Q2-Margins surprise positively
Kotak Mahindra Bank- Strong 2Q with a beat on key operating metrics
Apollo Micro-Highest ever revenue, EBIDTA
TruAlt Bio, Bharat Coking Coal-Turnaround quarter
AU Small Finance Bank- Credit cost delivery much better than guidance
IDFC First Bank-NIM recovery ahead
Lumax Auto-PAT up 58% YoY
JK Cement-Strong operational beat
Coforge- Mgmt. confident on margin expansion
Tata Motors CV, IndusInd Bank, Torrent Pharma-Large Inline (With +ve bias)
NEGATIVE
Infosys-Cuts FY27 constant-currency revenue growth guidance
SBI Funds-PAT down 20% QoQ, weak receivables growth
JK Tyre-EBITDA margin contracted to 6.9% from 13% YoY
Oracle Financial Services-Weaker than estimates
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L&T TECH: CO. AND NOKIA FORGE ENGINEERING COLLABORATION TO SUPPORT NOKIA ENGINEERING AND R&D ACTIVITIES IN INDIA
COFORGE: MANAGEMENT RAISED CONSOLIDATED EBIT MARGIN GUIDANCE FOR FY27 TO 16% FROM 15.5%, WITH A PLAN TO ACHIEVE A REPORTED Q4 EBIT OF 17% AND EXPECT MARGINS TO EXCEED 17% IN FY28;
THE COMPANY AIMS TO BE AMONG THE TOP THREE HIGHEST-EBIT-MARGIN TECH SERVICES FIRMS IN THE SHORT TO MEDIUM TERM, DRIVEN BY AI ADOPTION IN INTERNAL PROCESSES AND PROACTIVE SOLUTIONS.
THE COMPANY AIMS TO BE AMONG THE TOP THREE HIGHEST-EBIT-MARGIN TECH SERVICES FIRMS IN THE SHORT TO MEDIUM TERM, DRIVEN BY AI ADOPTION IN INTERNAL PROCESSES AND PROACTIVE SOLUTIONS.
Jyoti Structures - Wins another order worth Rs 949 crores
Order is for Β±800 kV HVDC Bipole Barmer-II & South Kalamb Transmission Lines for package TL01 & TL02
Co has recently restarted of tower manufacturing Plant-2, with an additional annual manufacturing capacity of approximately 35,000 metric tonnes
Combined manufacturing capacity of Nashik Plant-1 and Plant-2: 72,000 MT per annum - almost double
Order is for Β±800 kV HVDC Bipole Barmer-II & South Kalamb Transmission Lines for package TL01 & TL02
Co has recently restarted of tower manufacturing Plant-2, with an additional annual manufacturing capacity of approximately 35,000 metric tonnes
Combined manufacturing capacity of Nashik Plant-1 and Plant-2: 72,000 MT per annum - almost double
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STERLITE TECH says
On Track To Achieve FY29 Revenue Guidance Of *20,000 Cr
Seeing Disproportionate Growth From North America
Upgrade FY29 Margin Guidance From 27% ΀ο 30%
Want 50-60% Of Biz To Come From Data Center By FY29
Focus Is On Healthy Balance, Have βΉ700 Cr Of Cash
On Track To Achieve FY29 Revenue Guidance Of *20,000 Cr
Seeing Disproportionate Growth From North America
Upgrade FY29 Margin Guidance From 27% ΀ο 30%
Want 50-60% Of Biz To Come From Data Center By FY29
Focus Is On Healthy Balance, Have βΉ700 Cr Of Cash
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DIXON π΄
Chinese smartphone brands lose Indian market share as AI-driven chip shortage pushes up prices - MC
Chinese smartphone brands lose ground in India due to costs.
Combined market share fell to 68% in the September quarter.
Samsung reclaimed the top position in smartphone shipments.
Chinese smartphone brands lose Indian market share as AI-driven chip shortage pushes up prices - MC
Chinese smartphone brands lose ground in India due to costs.
Combined market share fell to 68% in the September quarter.
Samsung reclaimed the top position in smartphone shipments.
βΉ75,000 CR NEXT-GEN DESTROYER PROGRAMME ON DAC AGENDA TODAY β MAJOR OPPORTUNITY FOR INDIAN SHIPBUILDERS & DEFENCE SUPPLIERS: ZEE BUSINESS
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SBI CHAIRMAN says
See Rate Hike Impacting Discretionary Consumption
Expect RBI To Raise Repo Rate By 50 BPS In Dec
See Rate Hike Impacting Discretionary Consumption
Expect RBI To Raise Repo Rate By 50 BPS In Dec
INDUSIND BANK, RAJIV ANAND SAYS
Second Half Is Seasonally Strong For Us & Confident Of Meeting Guidance
Focus To Build On The Granular Side Of Biz, Accounts For 50% Of Liabilities
Focus Is To Grow Microfinance Biz But Will Remain Cautious On How Things Evolve
Will Not See Any Meaningful Growth In 2W Biz, Rethinking That Biz Now
On A YoY Basis Gold Book Is Up 3x But Has A Very Low Base
Second Half Is Seasonally Strong For Us & Confident Of Meeting Guidance
Focus To Build On The Granular Side Of Biz, Accounts For 50% Of Liabilities
Focus Is To Grow Microfinance Biz But Will Remain Cautious On How Things Evolve
Will Not See Any Meaningful Growth In 2W Biz, Rethinking That Biz Now
On A YoY Basis Gold Book Is Up 3x But Has A Very Low Base
PAPER STOCKS
All paper grades-price hiked by 7-8% MoM ; NDTV REPORT
Likely-hood of further price hike of 6-8% in November
Earlier in Oct price hikes were taken in craft paper segment
Despite rising operational costs-pass through much better
All paper grades-price hiked by 7-8% MoM ; NDTV REPORT
Likely-hood of further price hike of 6-8% in November
Earlier in Oct price hikes were taken in craft paper segment
Despite rising operational costs-pass through much better
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BPCL:
FY27 CAPEX GUIDANCE IS βΉ25,000 CR, POTENTIALLY RISING 5 - 10%, WHILE FY28βFY29 CAPEX IS GUIDED AT βΉ40,000β45,000 CR
FY27 CAPEX GUIDANCE IS βΉ25,000 CR, POTENTIALLY RISING 5 - 10%, WHILE FY28βFY29 CAPEX IS GUIDED AT βΉ40,000β45,000 CR
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A B REAL ESTATE Q2 FY27
Net Profit: βΉ919 Cr vs βΉ18 Cr loss YoY | vs βΉ35 Cr loss QoQ
Revenue: βΉ824 Cr β752% YoY | β338% QoQ
Other Income: βΉ36 Cr vs βΉ15 Cr YoY | βΉ17 Cr QoQ
EPS: βΉ77.51 vs -βΉ1.43 YoY | -βΉ3.48 QoQ
Net Profit: βΉ919 Cr vs βΉ18 Cr loss YoY | vs βΉ35 Cr loss QoQ
Revenue: βΉ824 Cr β752% YoY | β338% QoQ
Other Income: βΉ36 Cr vs βΉ15 Cr YoY | βΉ17 Cr QoQ
EPS: βΉ77.51 vs -βΉ1.43 YoY | -βΉ3.48 QoQ