Earnings Call Transcript Summaries

Fusion Finance Limited FUSION Q1FY27 📞 Audio

Filed 10 Aug 2026

Targeting AUM of ₹10,000 crore in FY27, implying 20-25% CAGR growth.
MSME business to grow to 15% of portfolio next year, 20% within two years.
NIM expected to improve by 15-25 bps by year-end, factoring in 55 bps yield hikes.
Plan to open ~50 new MFI branches and rationalize ~100 underperforming ones by Q3; net ~40-50 branch reduction.
Capital raise expected mid-FY28; current CAR at 36.95% provides 2-year growth runway.
Marginal cost of borrowing down 250 bps YoY to 10.1%, sequentially down 20 bps.

BHARTI AIRTEL LTD. BHARTIARTL Q1FY27 📝 Transcript · Telecom

Filed 10 Aug 2026

B2B revenue Rs.5670 Cr +3.2% q-q; strong digital portfolio growth; data center capacity to scale to 1 GW
Capex Rs.13,390 Cr; focus on transport, fiber, data centers, 5G densification
AI deployed for network ops and customer experience; endpoint inferencing reduces costs
Q1FY27 consolidated revenue Rs.58,500 Cr +5.7% q-q; EBITDAaL Rs.29,800 Cr +4.2% q-q; margin 51%
Africa revenue growth 20%+ CAGR; Airtel stake increased to 79%; Airtel Money Q1 revenue $400m +26% y-y
India mobile added 3.3m revenue customers; postpaid adds 1m (highest ever); ARPU Rs.264

JTL INDUSTRIES LIMITED JTLIND Q1FY27 📝 Transcript

Filed 10 Aug 2026

Capex INR100 Cr in FY27 to reach 2 mn ton capacity; ramp-up to 50-60% utilization by FY29
Value-added products ~35% of mix; exports 5% in Q1, target 10% with strong order book
Q1 FY27 revenue from operations INR722 Cr, EBITDA INR59 Cr (8.1% margin), PAT INR35 Cr (4.9% margin)
EBITDA per ton guidance INR4,500-5,000; JTL Defence contributed INR200 per ton
JTL Defence Q1 EBITDA margin 12%; long-term margin target 10-15%; sales run-rate improving
Working capital cycle improved to 75 days; targeting 35-40 days by FY28 with dealer financing

Neuland Laboratories Limited NEULANDLAB Q1FY27 📝 Transcript · Healthcare

Filed 10 Aug 2026

Working capital days improved to 84 from 137 in FY26; capex INR121.6 Cr for R&D and peptide facilities
FY27 growth expected around 20%, with no destocking risk in near term
EBITDA margin guidance around 25% long term; current quarter margin partly due to favorable conditions
Peptide plant commissioning next month; multiple projects lined up with commercial potential
Commercial CMS growth driven by handful of molecules; 1-2 new commercializations expected next year
Development pipeline improving; new molecules expected to replenish commercial base in 3-5 years

KEI Industries Limited KEI Q1FY27 📝 Transcript · Capital Goods

Filed 10 Aug 2026

Management emphasizes disciplined capital allocation, cautious growth guidance despite strong demand
FY27 capex guidance INR600-700 Cr annually for 3-4 years; targeting 20%+ growth over next 2-3 years
Sanand plant capex at INR1,722 Cr with INR300 Cr more planned this year; capacity utilization at 72% cables, ramp-up ongoing
Q1 FY27 net sales grew 23% to INR3,185 Cr; EBITDA rose 39.5% to INR415 Cr; PAT up 40% to INR274 Cr
Multiple analyst queries on margin expansion, Sanand ramp-up, export outlook; management confident on sustaining 11-12% operating margin
Domestic wire and cable sales grew 29%, exports declined due to Middle East conflict and US customs issues but expected to rebound

Bharti Hexacom Limited BHARTIHEXA Q1FY27 📝 Transcript · Telecommunication

Filed 10 Aug 2026

Bharti Hexacom Q1 FY27 revenue Rs.2510 Cr +4% q-q; EBITDAaL Rs.1210 Cr, margin 48.2%
Homes, office revenue +8% q-q; net adds 75k; capex on 5G densification, network modernization, homes/IPTV
B2B segment growing with digital services (cloud, data center, cybersecurity); capex focused on fiber, data centers
AI used for operational efficiency with endpoint device inferencing reducing costs
Africa business strengthened by Indus Towers share swap; Indus to expand in Africa for cost efficiencies
Management cautious on telecom pricing architecture; mid-term ARPU growth organic, long-term pricing reform needed

UNO Minda Limited UNOMINDA Q1FY27 📝 Transcript · Automobile and Auto Components

Filed 10 Aug 2026

EBITDA margin impacted by commodity inflation, wage hikes; margin guidance 11% ±50 bps
JV profitability flat due to commodity pressures, expected recovery from Q2
Sunroof order book 500 Cr, commissioning end FY27; ramp-up FY28-29
Multiple new plants and product launches planned in H2 FY27 supporting growth
New 4W seating plant capex 320 Cr, operations start Q2 FY28; export orders ramp FY28-29
Capex guidance ~1750 Cr for FY27; total project capex pipeline 3800 Cr

INOX India Limited INOXINDIA Q1FY27 📝 Transcript · Capital Goods

Filed 10 Aug 2026

Beverage keg business scaling with orders from global breweries; capacity utilization expected to rise to 50-60% by year-end
Logistics disruptions delayed INR32-35 crores dispatch impacting revenue growth; confident of 18-20% growth for FY27
Q1 FY27 total income INR382 crores +8.3% y-y; EBITDA INR90 crores +1.4% y-y; PAT INR61 crores flat y-y
New manufacturing plant at Kandla expected operational by Dec 2026-Jan 2027
Highest ever quarterly order inflow ~INR532 crores; order book INR1,686 crores with INR1,140+ crores export orders
Water microfactory partnership with Wayout Sweden to produce safe drinking water under INR1 million cost

Sarda Energy & Minerals Limited SARDAEN Q1FY27 📝 Transcript · Metals & Mining

Filed 10 Aug 2026

FY27 growth drivers: improved power price realization, higher capacity utilization, and steel production increase
Multiple analyst queries on power tariffs, hydropower water availability, mining capacity expansion, and project timelines
Expansion projects on track: SKS thermal expansion, small hydro projects, solar commissioning delayed to Q3 FY27
Q1 FY27 total income INR 1,717 Cr, EBITDA INR 762 Cr, PAT INR 478 Cr (+9.4% y-y), including INR 110 Cr one-time benefit
Management cautious on FY27 EBITDA/PAT guidance due to market volatility
Energy business contributed ~70% of EBITDA; secured PPAs for 380 MW of 710 MW capacity

Latent View Analytics Limited LATENTVIEW Q1FY27 📝 Transcript · Information Technology

Filed 10 Aug 2026

Consumer goods practice saw dip due to fixed-scope projects; strong 25%+ growth expected Q2
Primary AI work currently margin pressured due to onsite FDE model; expected to improve
Wage hikes mostly done; further 40-50 bps margin impact expected in Q2
Margin guidance maintained at 20-21% for FY27 despite investments
Q1 FY27 revenue INR 287 Cr +21.6% y-y; USD 30.3 mn, -3.5% q-o-q
FY27 revenue growth guidance at 12%, with confidence in pipeline and extensions

Metro Brands Limited METROBRAND Q1FY27 📝 Transcript

Filed 10 Aug 2026

Q1 FY27 standalone revenue grew 14%, EBITDA 9%, PAT 13%
FY27 PAT margin guidance maintained at 13-15%, with 15% PAT growth target
PAT margin impacted by marketing spend, new store costs, lower treasury income, and talent investment
Clarks brand expanding rapidly; 700 stores target; FILA brand revival ongoing with 3 new EBOs
E-commerce growth expected at 20-30% going forward, discounting reduced to protect brand
Gross margin steady near 60%, EBITDA margin stable at 30%

Mold-Tek Technologies Limited MOLDTECH Q1FY27 📝 Transcript

Filed 10 Aug 2026

EBITDA margin reached 19% in Q1; management confident of sustaining 20-23% in FY27
PAT margin target maintained at 15-16%, with potential upside from Beryl's design services
Civil work on hand at $4.5m, up from $3.7m last year, indicating strong project pipeline
Beryl expected to break even in Q2 and add $0.5-$0.75m to bottom line next year
Automation and incentive systems driving productivity and cost control
Q1FY27 revenue growth strong with nearly 4x jump in profitability over Q4 and 12x y-y

VRL Logistics Limited VRLLOG Q1FY27 📝 Transcript

Filed 10 Aug 2026

Volume grew 9% y-y to 10.19 lakh MT; full-year volume growth guidance raised to 8%
July tonnage growth ~10%; volume growth expected to sustain at ~9% in Q2
Capex guidance Rs. 220-240 Cr for FY27; mix of vehicles and property investments
Collaboration with railways at early stage; no margin impact expected from DFC
Q1 FY27 revenue grew 18% y-y to Rs. 885 Cr; PAT rose 62% to Rs. 81 Cr
EBITDA margin improved 71 bps y-y to 21.8%; fuel cost rise passed to customers

Amanta Healthcare Limited AMANTA Q1FY27 📝 Transcript

Filed 08 Aug 2026

SteriPort platform now 44% of revenue; capacity expanding from 6.6 Cr to 12 Cr bottles/year, commissioning delayed to Q2 FY27
Captive 10.8 MW solar power plant commissioned June 2026, expected to reduce power costs and improve margins
Q1 FY27 revenue INR69 Cr, +5% y-y; EBITDA margin ~22%
SVP facility to start operations by Q4 FY27, focusing on export markets with high-margin products
FY27 SteriPort Line 3 peak revenue expected INR110-120 Cr annualized, with EBITDA margin expansion of 4-5% including solar savings
FY28 peak revenue target INR425 Cr with EBITDA margin 25-26%

Cera Sanitaryware Limited CERA Q1FY27 📞 Audio · Consumer Durables

Filed 08 Aug 2026

EBITDA margin guidance for FY27 at 13.5-14%, despite Q1 margin dip due to one-time costs and delayed price pass-through.
Price hikes of ~12% (sanitaryware) and 15% (faucetware) taken; project segment pricing to reflect fully post-Q2 supporting margin recovery.
Q1 EBITDA margin at 10.1% vs 13.1% YoY, impacted by Rs. 6.3 crore one-time wage settlement, under-absorption of fixed costs (Rs. 3.7 crore), and project order closures (Rs. 4 crore).
Project segment pricing lagging behind retail, delaying margin normalization until post-Q2.
FY27 revenue growth guidance maintained at 18-20%, driven by volume-led growth in sanitaryware (+10%) and faucetware (+18%) in Q1.
Greenfield sanitaryware expansion under review; current utilization ~61% with operational capacity around 80%, decision expected by year-end.

Unimech Aerospace and Manufacturing Limited UNIMECH Q1FY27 📝 Transcript · Capital Goods

Filed 08 Aug 2026

Multiple analyst queries on order pipeline, margins, capacity; management expects 65% gross margin and 34-35% EBITDA margin for FY27
Capacity utilization ~58%; additional capex planned for qualification programs and Saudi JV
FY27 outlook confident for meaningful growth with robust EBITDA margins; Hobel contribution to increase
Q1 FY27 revenue approx INR108 Cr, +71% y-y, +32% q-q; Hobel Bellows contributed 21% revenue
Nuclear order wins INR87 Cr, execution mainly in H2 FY27; strong pipeline in aerospace, semiconductor, energy
Tooling business demand constructive; long-term supply agreement with FACC Austria worth USD7.5M over 5 years

Kalyan Jewellers India Limited KALYANKJIL Q1FY27 📝 Transcript · Consumer Durables

Filed 08 Aug 2026

FY27 PBT margin guidance maintained at FY26 levels despite short-term margin pressure
Q1 FY27 consolidated revenue ex-bullion grew 38%, PAT up 32% y-y
Non-GML debt repayment on track by Sep; real estate sales ~INR102 Cr expected Q2
Expansion: 70-80 Kalyan showrooms and 50 Candere stores planned in FY27
Old gold recirculation at 55%+ share; margin dilution from exchange offset by cash-for-gold
Multiple analyst queries on margin impact of gold exchange; mgmt expects margin recovery

Sheela Foam Limited SFL Q1FY27 📝 Transcript · Consumer Durables

Filed 07 Aug 2026

Raw material price volatility expected to persist till Q3FY27; price hikes largely passed through
Consolidated Q1 FY27 revenue grew 26% y-y to INR1,032 Cr; EBITDA grew 45% to INR109 Cr with 10.6% margin (+139 bps)
FY27 margin target 15% EBITDA; return on capital expected to rise to 20-25% in 3 years
International operations expected 5% growth and 10-12% EBITDA margin normalizing post inventory gains
U2O dealer network expanded to 10,000; category volume +19%, value +81% y-y
Capex for 50 COCO stores ~INR25 Cr; stores ~2,000 sq ft in urban areas

Arvind SmartSpaces Limited ARVSMART Q1FY27 📞 Audio

Filed 07 Aug 2026

Labour cost inflation noted but currently not impacting project profitability.
Launch pipeline: 6 projects worth Rs. 3000-3500 crores planned in FY27 across Ahmedabad (1), Bengaluru (3), Mumbai (2).
Goregaon redevelopment project (Mumbai) launch expected this year; ~6.7 lakh sq.ft. saleable area, 4-year completion timeline.
Real estate price appreciation expected to moderate; demand remains structurally strong but cyclical growth stabilizing.
Pricing power stabilizing; no large price hikes assumed going forward.
EBITDA margin guidance for new sales: 22-25%, JD projects at lower end, outright projects higher.

Data Patterns (India) Limited DATAPATTNS Q1FY27 📝 Transcript · Capital Goods

Filed 07 Aug 2026

Q1 FY27 revenue grew 17% y-y to INR116 Cr; gross margin strong at 78.9%
FY27 revenue growth guidance 20-25% with EBITDA margin 35-40%
Multiple analyst queries on order conversion timelines and margin outlook addressed
EBITDA margin at 27%, impacted by higher employee costs and product mix changes
Counter-drone business starting with contracts expected to grow in next 3-6 months
Large contracts under negotiation expected to convert within next 2 months

🎙 Transcript Summaries