Bazaar.Update📊
🏦 KOTAK MAHINDRA BANK – Q2 BUSINESS UPDATE 📈 LOAN & DEPOSIT GROWTH Net Advances ₹5,77,295 Cr | +25% YoY Adjusted Loan Growth: +19% YoY Total Deposits ₹6,51,491 Cr | +23% YoY Adjusted Deposit Growth: +13% YoY 💰 AVERAGE DEPOSITS • Total Deposits: ₹6,06…
KOTAK MAHINDRA BANK TO NDTV PROFIT
NIMs drop 15 Bps due To FCNR (B)
Tractor & CV Portfolio quality is quite good
Watchful on El Nino situation
Seeing good traction on credit card spends
Market share in credit card spends is small but franchise strength is very high
Still assessing RBI guidelines on leverage ratios
Having ongoing discussions on the impact on changes in leverage ratios
NIMs drop 15 Bps due To FCNR (B)
Tractor & CV Portfolio quality is quite good
Watchful on El Nino situation
Seeing good traction on credit card spends
Market share in credit card spends is small but franchise strength is very high
Still assessing RBI guidelines on leverage ratios
Having ongoing discussions on the impact on changes in leverage ratios
KAJARIA CERAMICS Q2 FY27
Net Profit: ₹191 Cr ↑42% YoY | ↑12% QoQ
Revenue: ₹1,468 Cr ↑24% YoY | ↑11% QoQ
EBITDA: ₹287 Cr ↑34% YoY | ↑10% QoQ
EBITDA Margin: 19.5% vs 18.0% YoY | 19.6% QoQ
Net Profit: ₹191 Cr ↑42% YoY | ↑12% QoQ
Revenue: ₹1,468 Cr ↑24% YoY | ↑11% QoQ
EBITDA: ₹287 Cr ↑34% YoY | ↑10% QoQ
EBITDA Margin: 19.5% vs 18.0% YoY | 19.6% QoQ
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CHEMBOND CHEMICALS Q2 FY27 (CONSOLIDATED)
• Net Profit ₹3.26 Cr ↓54.67% YoY, ↓65.86% QoQ
• Revenue ₹95.77 Cr ↑31.12% YoY, ↑10.74% QoQ
• EBITDA ₹8.34 Cr ↓21.89% YoY, ↓26.40% QoQ
• Margin 8.71% vs 14.62% YoY, 13.10% QoQ
• Net Profit ₹3.26 Cr ↓54.67% YoY, ↓65.86% QoQ
• Revenue ₹95.77 Cr ↑31.12% YoY, ↑10.74% QoQ
• EBITDA ₹8.34 Cr ↓21.89% YoY, ↓26.40% QoQ
• Margin 8.71% vs 14.62% YoY, 13.10% QoQ
US PRESIDENT TRUMP:
Want to get back to a life where Russia, Ukraine make a deal
Can do business with Russia, Ukraine if they make a deal
May have to finish it off or make a deal with Iran, not sure
Both a strike and an agreement are a possibility with Iran
It's up to Iran whether US makes a deal with them
We're taking out all the oil we want from Hormuz
Oil is going to come down very soon
US is leading China in Al
Want to get back to a life where Russia, Ukraine make a deal
Can do business with Russia, Ukraine if they make a deal
May have to finish it off or make a deal with Iran, not sure
Both a strike and an agreement are a possibility with Iran
It's up to Iran whether US makes a deal with them
We're taking out all the oil we want from Hormuz
Oil is going to come down very soon
US is leading China in Al
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RAILTEL CORPORATION Q2 FY27 (STANDALONE)
Net Profit: ₹68.56 Cr ↓9.87% YoY | ↑4.23% QoQ
Revenue: ₹1,146.14 Cr ↑20.47% YoY | ↑28.31% QoQ
EBITDA: ₹176 Cr ↑13.93% YoY | ↑33.77% QoQ
EBITDA Margin: 15.36% vs 16.24% YoY | 14.73% QoQ
Other Income: ₹3 Cr vs ₹14 Cr YoY | ₹16 Cr QoQ
EPS: ₹2.14 ↓10% YoY | ↑4% QoQ
Net Profit: ₹68.56 Cr ↓9.87% YoY | ↑4.23% QoQ
Revenue: ₹1,146.14 Cr ↑20.47% YoY | ↑28.31% QoQ
EBITDA: ₹176 Cr ↑13.93% YoY | ↑33.77% QoQ
EBITDA Margin: 15.36% vs 16.24% YoY | 14.73% QoQ
Other Income: ₹3 Cr vs ₹14 Cr YoY | ₹16 Cr QoQ
EPS: ₹2.14 ↓10% YoY | ↑4% QoQ
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BHARAT COKING COAL Q2 FY27 (STANDALONE)
Net Profit: ₹124 Cr vs ₹53 Cr loss YoY | vs ₹68 Cr loss QoQ
Revenue: ₹4,413 Cr ↑39% YoY | ↑23% QoQ
Other Income: ₹159 Cr vs ₹470 Cr YoY | ₹136 Cr QoQ
Operating Profit: ₹200 Cr vs ₹384 Cr loss YoY | vs ₹64 Cr loss QoQ
Operating Profit Margin: 4.5% vs -12.1% YoY | -1.8% QoQ
EPS: ₹0.27 vs -₹0.11 YoY | -₹0.15 QoQ
Net Profit: ₹124 Cr vs ₹53 Cr loss YoY | vs ₹68 Cr loss QoQ
Revenue: ₹4,413 Cr ↑39% YoY | ↑23% QoQ
Other Income: ₹159 Cr vs ₹470 Cr YoY | ₹136 Cr QoQ
Operating Profit: ₹200 Cr vs ₹384 Cr loss YoY | vs ₹64 Cr loss QoQ
Operating Profit Margin: 4.5% vs -12.1% YoY | -1.8% QoQ
EPS: ₹0.27 vs -₹0.11 YoY | -₹0.15 QoQ
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NETANYAHU AT AN ARROW MISSILE DEFENSE BATTERY: HAVE INTELLIGENCE INDICATIONS IRAN AND ITS PROXIES MAY TRY TO CHALLENGE US WITH AN ATTACK AIMED AT DISRUPTING THE ELECTIONS.
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TRUMP SAYS FOX NEWS IS SPENDING FAR TOO MUCH TIME PUTTING ON THE OPPONENTS OF REPUBLICAN PARTY CANDIDATES, PEOPLE WHO LOVE THE COUNTRY AND HAVE GREAT POLICIES AND IDEAS - TRUTH SOCIAL
TRUMP SAYS THESE “AMERICAN PATRIOTS” ARE BEING ABSOLUTELY “BLURRED OUT” BY THE MEDIA AND THAT FOX IS DOING LITTLE TO HELP, CALLING IT THE ONLY REASON THE RACE IS CLOSE, “IF IT IS INDEED CLOSE” - TRUTH SOCIAL
TRUMP SAYS THESE “AMERICAN PATRIOTS” ARE BEING ABSOLUTELY “BLURRED OUT” BY THE MEDIA AND THAT FOX IS DOING LITTLE TO HELP, CALLING IT THE ONLY REASON THE RACE IS CLOSE, “IF IT IS INDEED CLOSE” - TRUTH SOCIAL
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TRUMP SAYS THE U.S. IS GETTING CLOSE TO A DEAL WITH CANADA THAT COULD COME BEFORE THE ELECTIONS, AND THAT ON BUILDING CAR PLANTS HE IS ANNOUNCING ONE TODAY
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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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