Concalls
Earnings-call transcripts and summaries.
NFP Sampoorna Foods posts 43% growth, sets ₹60-65 cr FY27 target
FY26 EBITDA margin expands to 18% from 4.89%. Management guides for >70% manufacturing revenue growth in FY27, but flags commodity and freight risks.
Aeron Composite's FY26 profit hit by relocation, raw material spike
Revenue flat in FY26 as margins compressed; management targets ₹300 cr revenue and >10% EBITDA margins in FY27.
Basilic Fly's revenue jumps 34% as margin dip signals investment phase
Revenue jumped 34% to ₹408 cr but EBITDA margin fell 260 bps to 20.9%. Management guides for 2-2.5% margin recovery in FY27 via offshoring and AI.
Prevest Denpro's FY26 transcript: nothing new
The full transcript of the June 29 call offers no fresh data vs. the earlier concall summary. A procedural SEBI LODR filing.
Adisoft clarifies ₹96 cr order book was pipeline: firm orders at ₹38.54 cr
The company said a definitional mix-up inflated its order book. FY27 revenue guided at ₹215 cr with 35-40% profit growth; new 25,000 sq ft facility planned for November.
Timex eyes 16% margins as e-commerce and capacity build scale
Management sees EBITDA margins reaching 16% or more in FY27, backed by 49% revenue growth to ₹800 crore. Capacity has doubled to 6 million units, with an ₹8 crore capex to hit 10 million by March next year.
Flywings targets 20-30% FY27 revenue growth on Mumbai, IndiGo deals
Flywings guided 20-30% FY27 growth on Mumbai facility, IndiGo MRO, and regulatory tailwinds. The concall reaffirmed known narratives without surprise.
Pajson Agro targets ₹1,000 cr revenue by FY30, but cuts base growth to 15%
The company plans to quintuple cashew processing capacity to 65,000 tonnes, but a downgrade from 20-22% growth and contradictions with its May call raise questions about execution.
CarTrade maps out AI-fintech roadmap, but numbers stay under wraps
Strategy call covered Via AI rollout, IDFC FIRST Bank partnership, and non-auto product financing. But with no new financial targets or launch dates, it was a narrative update, not a catalyst.
AVG Logistics targets ₹1,250 cr revenue by 2030, 15-20% FY27 growth
The logistics firm laid out medium-term goals in a concall, including liquid logistics and an LNG JV, but the session added little new beyond already disclosed Q4 numbers.
Captain Polyplast pushes 50:50 mix target to FY29, lifts capacity view
Captain Polyplast now expects the 50:50 revenue split between micro-irrigation and solar EPC by FY29, a one-year delay. It also raised its micro-irrigation capacity estimate to ₹600 cr from ₹400 cr.
Chatterbox targets doubled vertical revenue, margins flat
First post-listing concall: FY26 revenue jumped 42.5% to ₹84.22 cr. Management plans to double Chatter Social in FY27 but keeps operating margins flat and declines formal guidance.
Ducon sees ₹10,000 cr FGD pipeline, but sales just ₹101 cr
The mandatory FGD program could fuel orders, but the small-cap firm hasn't shown sustained revenue growth. No hard targets were given. Execution remains the open question.
NPST guides 70-80% growth, but margin dips and receivables balloon
FY26 EBITDA margin falls to 31% from 37.4% as revenue mix shifts; trade receivables surge to ₹103 crore. Management says it's a deliberate near-term trade-off for international scaling.
Prevest Denpro's FY26 call repeats known numbers; 3D printers shine
Revenue ₹71.81 cr, net profit ₹20.49 cr, both up ~13%. US exports lead. Capacity utilisation on new lines at 18-20% leaves ₹125 cr potential far off.
Rathi Steel slashes cost savings guidance by 99%, cancels expansion plans
In a concall, management cut expected hot charging savings from ₹3,000-4,000 per ton to ₹1.5-2 per ton and said no expansion beyond maintenance. FY26 revenue up 42% but utilisation at 50-55%.
Yaap Digital targets 2% ad market share, ₹1,100-1,600 cr revenue
The nano-cap agency laid out a three-year plan to capture 2% of India's digital ad market, implying annual revenue of ₹1,100-1,600 cr. Key levers: Gozoop cross-selling and AI tools. Top-10 client concentration stays at 65-68%.
Khazanchi Jewellers slashes showroom targets, flags dilution risk
Management pushed back retail mix timeline by a year and cut Chennai flagship showroom FY27 revenue goal from ₹500-550 crore to ₹125-150 crore, while reversing internal-funding stance to consider equity or debt.
Astral drops unified-brand strategy, CPVC plant on track for Q1 FY27
Management reverses earlier stance, now says 'Astral Chemi' must stand alone. Paints to turn EBITDA positive this fiscal, UK adhesives to double EBITDA from ₹15 cr baseline.
Precision Camshafts transcript confirms ₹1,500 cr order book, EV platform live
Q4 earnings call transcript adds no new information beyond the live event; capex of ₹100-120 cr and Solapur plant commissioning were already disclosed.
Infosys guides low, but AI hits $1B run rate
FY26 revenue rose 3.1% to $20.2B, large deals $14.9B. FY27 outlook: 1.5-3.5% growth, 20-22% margin. Shareholders' bonus and stock questions went unanswered.
Dhruv Consultancy: ₹100 cr Q1 orders, but CEO's guidance promise broken
A ₹55 cr market-cap consultancy with a #6 NHAI ranking lands ₹100 cr in Q1 orders—half its full-year target—but management credibility takes a hit after the CEO's no-more-adjustments pledge was contradicted by Q4 losses.
Canara Bank's NIM slips 22 bps; FY27 guidance pegs mild recovery
Profit rose 12.69% to ₹19,187 crore but NII was flat as deposit costs squeezed margins. Management guides for advances growth of 11-12% and NIM of 2.52-2.60% in FY27.
Ducon targets ₹600-1,000 cr revenue in 2-4 years from ₹400 cr base
Cautiously optimistic management flags CO2 capture tailwind but declines FY27 guidance; ₹25 cr rights issue to fund working capital.
Precision Camshafts locks in ₹1,500 cr order book, but faces 50% aluminum cost spike
Q4 concall reveals EV heavy-commercial vehicle MOU worth ₹60-70 cr annualised; ₹100-120 cr capex planned. Management expects margin normalization in 2-3 quarters.
Amber eyes 8M Oppo phones in FY26 at 1.5-2% EBITDA margins
The EMS player targets 30-35% ROCE on the mobile business with an asset-light model. Commercial output starts Q1 FY26.
Suratwwala's FY26 revenue jumps 13x to Rs 143 cr on dual platform
Real estate contributed Rs 90 cr at 46% margin; solar EPC unit SNER added Rs 54 cr in first full year. Solar pipeline for FY27 guided at Rs 100 cr.
Shelter Pharma's Q1 exports hit ₹5 cr, nearly matching FY26 full year
Q1 FY27 exports have already surpassed ₹5 crores, close to the ₹6 crores earned in all of FY26. The nano-cap also targets ₹200 crore revenue by FY30 with aggressive expansion.
Knowledge Marine pushes green tug by 1-2 years, eyes new dredgers
The company's flagship green tug project slips to 2028-2029 from mid-2027. A second fundraising of ₹150-200 cr is planned to buy two new dredgers.
Reliance hits record revenue, cuts Kutch output 87%
Mukesh Ambani guided EBITDA to more than double again, but the Kutch renewable hub's projected annual output was slashed by 86.7% from 300bn to 40bn units.
HOEC transcript repeats known production targets
The Q4 earnings call transcript restates production targets of 10,000-33,000 boe/d and HPCL crude update; no fresh financial guidance.
Coforge sets FY27 margin target of 20.5%, eyes $5B by FY30
Management guided for EBITDA margin of 20.5% and EBIT of 16.5-17% for FY27, backed by Encora consolidation and AI savings, with a long-term vision of $5B revenue by FY30.
Jyothy Labs was talking up Pril while quietly killing it
Management told investors in May they'd keep investing in Pril. By June 1, manufacturing stopped. Arbitration at SIAC has begun.
Meta Infotech targets 4x profit by FY29 after record ₹270 cr revenue
CEO Venu laid out a plan to quadruple net profit in three years, targeting a 10-15% PAT margin by shifting from products to services. Order book of ₹506 cr provides over two years of revenue visibility.
Nykaa drops fashion house-of-brands plan, cites bandwidth limits
On its June 18 concall, management also said 55% of GMV is AI-driven but just 5% of GenAI experiments are P&L-ready. Fashion hit EBITDA breakeven in Q4.
Kotyark guides 15-20% revenue growth in FY27, plans 75% capacity expansion
Operating at just 7-8% of its 1,500 KLPD Rajasthan plant, the company eyes gradual utilization improvement and entry into export markets.
P&G Health's FY26 sales up 16%, profit up 30%; innovation and distribution gain
Concall confirmed strong revenue and profit growth. New products beat expectations, distribution added 30k extra-urban pharmacies. No FY27 guidance but management sees sustained momentum.
Vilas Transcore targets ₹750 cr in FY26, triples CRGO capacity
FY25 revenue of ₹461 cr and PAT of ₹40 cr form the base; management eyes 62% growth with capacity tripling to 36,000 MT and 45-50% volume growth in FY27. PGCIL approval is the near-term catalyst.
E2E Transportation posts 50% revenue jump, lays out Kavach 4.0 timeline
FY26 revenue surged 50% to ₹380 cr, with a ₹1,015 cr order book. Management guided 40-50% growth in FY27 and set Jan 2027 for first Kavach 4.0 commercial orders.
Shri Balaji Valve grows 19.5%, but customer concentration jumps to 65%
FY26 PAT jumped 32% to ₹8.56 crore, but top-five clients now cover 60-65% of revenue, up from 35%, and a new facility plan was downgraded to 'brainstorming'.
Megatherm stops taking orders as transformer unit hits 100% capacity
Order book doubles to ₹80-90 cr, FY27 revenue target of ₹450+ cr reaffirmed. But a prior call gave conflicting capex figures, raising execution questions.
HPL targets ₹1K cr C&I revenue as smart meter market widens
Record Q4 revenue above ₹500 cr followed by an aggressive FY27 C&I target of ₹1,000 cr. Smart meter TAM jumps to 31-32 crore units with a March 2028 deployment deadline.
Systematic Industries sees ₹1,000 cr OPGW pipeline as it pivots from legacy steel
FY26 revenue of ₹5,563 million, up 24%; net profit ₹205 million; company net debt-free. Legacy steel still 97% of revenue but new segments target bottom-line from FY27.
Ecoline Exim aims for backpacks to deliver 50% revenue in two years
The ₹286-crore packaging firm is pivoting to polyester backpacks, targeting 25-30% of FY27 revenue and half within two years, citing demographic tailwinds and anti-dumping duties on Chinese imports.
Gillette India shines on Guard 3-in-1 launch, margin gains
FY26 revenue up 8%, profit up 23%, structural margin improvement of 300+ bps. Guard 3-in-1 sold 1M razors in first month. Management cautious on commodities, no FY27 guidance.
Systematic Industries lands first Power Grid EPC order, eyes ₹1,000 cr OPGW pipeline
The company's entry into utility-grade OPGW and OFC markets, backed by a net-debt-free balance sheet, sets the stage for revenue growth acceleration beyond 25%.
Dhara Rail nearly doubles profit on shift to direct railway bids
Revenue rose 27% to ₹56.74 cr and net profit hit ₹15.4 cr as 95% of the order book now comes from direct railway tenders, boosting margins. Order book at ₹184 cr.
Namo Ewaste profit jumps 70%, sets ₹1,100 crore target
FY26 net profit hit ₹14.35 cr as revenue rose 29%. Company targets five-fold revenue increase with hydrometallurgy push and ₹60 cr capex. Battery recycling utilization must leap from 10% to 60-70%.
Monolithisch guides FY27 growth of 20-22%, down from 50-60% CAGR
The micro-cap miner targets ₹250-300 cr in FY27 revenue, deliberately slowing to shift customers to premium products and start a greenfield plant. EBITDA margin improvement of 4-4.5 ppt is the offset.
Wise Travel aims for 22-25% EBITDA margin in FY27 from 11.9%
Revenue rose 51% to ₹826 cr in FY26, but ₹47 cr depreciation cut PAT growth to 26%. Management sees fleet maturation driving margins higher next year.
Avanti Feeds' Q4 concall transcript adds no new material info
The transcript of the June 12 post-earnings call confirms previously known details on raw material cost inflation, $15-20M US tariff refund expectations, and FY27 growth guidance. No new tradeable information was introduced.
Gurunanak Agriculture targets 500 harvester sales a year by FY29
The nano-cap plans a 25x jump from ~20 units in FY26, aiming to undercut Chinese imports with lightweight harvesters priced Rs 22-25 lakh.
Rox Hi-Tech guides 20% FY27 growth, orders ₹75 cr in hand
FY26 revenue rose 11% to ₹210.63 cr despite supply snags; AI practice now 3-4% of revenue; EBITDA margin seen recovering to 15-17%.
RMC Switchgears grew revenue 26% but profit fell 27% in FY26
Revenue crossed ₹401 crore, but net profit slipped to ₹22.42 crore, hit by Q3 project delays and supply chain snags. Order book at ₹850 crore provides visibility; PulseBox reaches tender stage.
Aegis lays out $5B capex pipeline, says gas margins sustainable through FY28
The earnings call transcript reveals a potential ₹20,000 cr investment at Vadhavan port, a MoU with L&T for ammonia terminals, and Itochu taking a 10% stake in Pipavav.
Shree OSFM misses revenue target, vehicle-buy rationale shifts
FY26 revenue growth of 11% missed the 20-22% guidance; management later admitted vehicle purchases were for IPO commitments, not client mandates. FY27 guided at 15-20% growth.
Bai-Kakaji targets ₹1,000 cr by FY29, FY26 profit up 50%
Flexible packaging revenue seen doubling to ₹200 cr in FY27; ₹100 cr capex split 65:35 between flexible and rigid.
Madhya Bharat Agro targets 60-70% FY27 growth on new plants; capex overruns 40%
The fertilizer maker guided for more than 100% revenue growth in FY28 as twin Maharashtra plants come online, but flagged a ₹1,000+ crore capex bill, 40% above original estimate, compressing margins near-term.
IFB's Q4 transcript offers no fresh surprises
Routine earnings call document; FY26 results and ₹150 crore cost target already known.
Sealmatic guides for 15% revenue growth, margin recovery in FY27
After a weak FY26 where revenue grew just 2%, management targets 23-24% EBITDA margins backed by lower exhibition spends and API seal placements.
Arisinfra PAT 10x but DAAS pipeline drops 16%, working capital reversal
FY26 PAT surged tenfold to ₹60 cr on ₹1,067 cr revenue; FY27 guided 35-40% growth. Yet the DAAS pipeline fell 16% in a month, management flipped on working capital, and the promoter trimmed a 2.26% stake.
RACL Geartech guides ₹565 cr FY27 revenue, new project timelines in focus
Management sees 10% revenue growth to ₹565 cr, led by new orders from Royal Enfield, Kawasaki, and BMW. Q4 revenue jumped 48%; net profit surged. Exports at 75% of sales.
Avanti Feeds expects $15-20M US tariff refund, reverses earlier stance
The import-of-record move could boost cash flows; guidance for FY27 projects 10-15% growth despite 43% fishmeal inflation.
Jinkushal hits record sales but cuts revenue target, shelves expansion
Standalone revenue surged 89% to ₹133 cr in Q4 FY26, but management trimmed the medium-term target to ₹600-700 cr from ₹800 cr and reversed plans to enter new markets.
Afcom plans to double revenue as fleet expands to nine aircraft
FY26 revenue surged 144% to ₹587.72 cr; profit up 230% to ₹121.90 cr. Fleet to grow from 3 to 9 aircraft, including Boeing 777s, via ₹200 cr each preferential and QIP. MRO in Q1 FY27; exploring Pacific JV.
HOEC targets 10x production jump in three years
Management sees 10,000-11,000 boe/d by June 2027 and 32,000-33,000 by 2029, backed by a 20-well drilling program. HPCL crude sale being resold, cash in 2-3 months. No equity raise planned.
PAN HR targets ₹1,000 cr revenue by FY29, 40% growth in FY27
Post-IPO cash deployment into 3PL and staffing drives a 158% profit jump. Management lays out three-year plan for a nano-cap with ₹46 cr market cap.
Arabian Petroleum lands first ONGC contract, but margins halved in FY26
The lubricant maker grew revenue 32% to ₹375 cr, but EBITDA margins compressed from 6% to 4% due to commodity inflation and a strategic inventory build.
Nanta's earnings call adds little beyond its recent order win and AI targets
The June 5 transcript is a rehash of Q4 results and the ₹14.4 cr Connplex robot deal. No new numbers.
RMC cuts its Pulse Box market size by 64% and extends order book timelines
Management now sees a ₹50,000 crore addressable market for the IoT solution, not the ₹1.4 lakh crore it cited earlier. Order delivery windows are stretching to two years.
Happy Square projects ₹200 cr revenue. That's five times its market cap.
The ₹41 crore company guides for 80% FY27 growth, betting on a single government order and AI-driven scale. Margins stay flat at 7%+.
HGS reports ₹1,085 cr Q4 revenue, but the broadband MoU is the bigger story
The IT services firm posted a 15.7% EBITDA margin on ₹1,085 cr in Q4. Its broadband unit signed a state-level MoU to connect over 2 million Uttar Pradesh households.
Patel Retail slows store rollout, flags softer same-store sales
Same-store growth dipped to 5% and the company cut its annual store target by a third. FY27 guidance still calls for 20%+ revenue growth.
VMS TMT's earnings transcript arrives with nothing new
The full Q4 FY26 call transcript confirms the prior summary: sales, profit, and the solar-project story are unchanged. This is archival.
Srigee DLM targets ₹100 cr revenue, building a factory four times its current size
A Samsung request for more capacity is the immediate catalyst for the nano-cap's aggressive expansion plan.
Blue Cloud's margin hit 17%, but the ₹3,000 cr target is a repeat
EBITDA margin jumped in Q4 on productized AI platforms and lower R&D. The ₹1,100 cr order book underpins the FY27 revenue goal.
Srivasavi plots path to ₹1,000 crore revenue after landing defense, railway contracts
FY26 revenue grew 22% to ₹109.98 crore but profit slipped as capex of ₹17.14 crore weighed. Management is targeting double-digit margins in FY27 as new capacity ramps.
IFB's AC motor still in trials after earlier claims of external sales
The engineering unit missed its FY26 order target by 40%. Management now targets Rs 350 crore for the year ahead while chasing Rs 150 crore in cost cuts.
Sealmatic's revenue grew 2%. Its guidance was 15-20%.
The seal maker missed its own growth target by a wide margin and gave up on forecasting FY27. Management is spending on an installed base it says will pay off later.
GP Eco missed its own revenue guidance. Profit tripled anyway.
Policy swings and raw-material inflation deferred ₹150-200 crore in projects, dragging FY26 top line to ₹414 crore against a ₹550-600 crore guide. Margins carried the story.
HRH Next's concall recap is a procedural record, not a market update.
The ₹100 crore FY27 target, ₹7 crore AINA revenue, and a large POC opportunity were all disclosed on the live call. This filing adds nothing.
Signpost India doubled profit. Now it must prove the receivables spike is temporary.
FY26 revenue rose 27% to ₹576 crore and net profit more than doubled to ₹70 crore. Management is switching billing terms to fix a cash-cycle problem.
Highness Microelectronics' transcript confirms FY27 guidance of ₹30-32 cr
A full transcript of the June 4 call adds detail to guidance the market already digested. Management is targeting ₹30-32 cr in revenue for FY27 and a 35% EBITDA margin.
Fredun pivots to pet care and physiotherapy, guides 25-30% revenue growth for FY27
New-age consumer businesses grew at 40-50% CAGR and already deliver 55% gross margins, a stark contrast to the 20% from its core pharma contract manufacturing.
Neetu Yoshi targets ₹210-220 cr revenue next year as new plant fires up
The company plans to more than double revenue in FY27 after a strong FY26, with a new bogie factory joining the production mix within weeks.
Tenneco's full-year margin hits 18.8% record as DaVinci suspension attracts new OEMs
EBITDA margin reached 18.8% of value-added revenue, up from 14.3% two years ago. DaVinci suspension and a new bearings business are driving the product mix shift.
Triveni's power unit locks in Asia's first defence-gearbox order ahead of demerger
The demerger of the power transmission business remains on track for an August listing. It carries a ₹500-crore order book.
Rushil Decor's Q4 earnings call transcript adds nothing new
A procedural filing of a call already summarised. No new guidance, no surprise disclosures, no shift in narrative.
Addictive Learning cuts sales team in half, bets AI can do the work
The edtech firm is halving its closer count and building an AI discovery engine. It claims the new model can hit ₹10 cr monthly revenue with no extra headcount.
Trident Techlabs kills semiconductor deal, cuts growth target to 30% CAGR
Management scrapped a planned acquisition after due diligence flagged financial risks and guided a lower, more conservative growth path. Quarterly revenue will no longer be predictable.
Greenlam targets 18-20% revenue growth, bets on chipboard and plywood to break even
Management guided for a consolidated top-line jump in FY27, with the core laminates business set to grow 10-12%.
Paramount Speciality plans to double revenue with ₹24 cr capex
The forgings maker guided for ₹150-160 cr revenue in FY27, up from an estimated ₹120 cr in FY26, with a new plant adding 6,000-8,000 tonnes of capacity.
Aegis posts ₹1,000-cr PAT, guides ₹7,000/mt gas margins through FY28
FY26 profit crossed the four-digit crore mark for the first time. Management says the margin is here to stay for at least two more years.
Meta Infotech's transcript arrives late, adds nothing to the story
A six-day-old earnings call is now on file. The numbers were already public, and the commentary is vague.
Dev IT traded margins for scale. The annual numbers show the cost.
Full-year EBITDA plunged to ₹7.23 crore from ₹23.7 crore as the company shifted to lower-margin domestic work. A strong Q4 suggests the pivot may be stabilizing.
Aegis Vopak posts 52% profit jump, unveils $5 billion capex plan
FY26 net profit rose to ₹341.9 crore. The company is betting a $5 billion investment can repeat the same operating gains across five more ports.
Rishi Laser missed its FY26 target. Now it's guiding for a ₹30 crore revenue jump.
Management blamed execution failures at its new Malur plant for the shortfall. It's now guiding for ₹190 crore in FY27 as the plant finally comes online.
Greenleaf pivots to owning assets after 56% revenue jump
The Sachin CETP project is 70% done and will start paying ₹80 lakh a month from March 2027. Revenue hit ₹60.6 crore in FY26.
Anlon Healthcare plans ₹130 cr Rajkot build to back FY28 revenue target
The micro-cap is adding organic capacity after two acquisitions. A half-debt funding plan and early-stage M&A talks frame the next leg of growth.
Kalyani Forge sets 15% EBITDA floor, wins ₹20 cr EV axle order
Record ₹9.32 cr profit and new orders from SKF and Schaeffler support a new margin floor of 15%, with a 20% target within a year.