July 21, 2026 Decent quarter. No additional key observation over previous quarters. May 21, 2026 Ok types quarter. Things had started improving from January but then war muted the exports and overall sentiments in March. Going forward Q1 FY 27 is expected to be strong due to the low base of last year. Further quarters … Read more
August 7, 2026 Good performance continues. War and general inflation has been challenging but Company continues to manage it well. With the new CEO, there is significant micro focus on growth triggers and hopefully that will result in better growth and excitement. Feb 11, 2026 Continued strong performance Outlook for near term continue to be … Read more
January 27, 2026 Despite volatility due to the nature of the business, Company continues to perform well if looked zoomed out. Revenues have grown at a CAGR of 29% in last 3 years and profits @ 26%. In last 1 year, these numbers have been 20% and 4% respectively. Major reason for decline in margins … Read more
August 1, 2026 Decent performance. Asset quality deteriorated marginally in NBFC during June end. However, management called it temporary and claimed to be back on track in July 2026. Management also emphasized that in HFC as well as NBFC, its asset quality remains comparable to the competition and analysts should focus on respective segments and … Read more
July 24, 2026 Continued strong performance. Everything is working well for the Company and contrary to the past, commentary now seems to be more bullish. Growth, margin etc is all expected to be strong in the foreseeable future New Vehicle financing, Gold loans, SME loans, personal loans – everything is expected to be pursued more … Read more
July 30, 2026 Continued strong performance outperforming the expectations. All geographies are doing well except Asia due to the ongoing war. Management though expects it recover during the remaining year. As always, management continues to be cautious in its guidance. Expect this Company to continues to deliver the way it has in the past 3 … Read more
January 29, 2026 Continued stable good performance during Q3FY26 Growth is lesser than normal Company target of 20-25% due to Industry headwinds. Management expects the situation to normalise and revert to the projected growth in the short term. No real concern as such anywhere. Business continues as usual. May 2, 2025 Continued strong performance. Continued … Read more
August 6, 2025 Decent continued performance. Strategy to grow continues to be value add, greater distribution, higher brand visibility and increasing the industrials. With industrials being low margin, there can be some implication on margins. Management expects consolidated EBITDA margins to be between 21-24%. Currently it’s around 24%. Strong company with decent prospects. What it’s … Read more
May 8, 2025 Things are normalising. Margins have started marginally inching up. Management expects that with better scale and situation normalising, margins over medium term should average out at around 14%. Capacity utilisation should max out in FY 26. Capex once approved by board will be shared publicly. Capacity expansion will be measured keeping target … Read more