Earnings Call Transcript Summaries

Apollo Micro Systems Limited APOLLO Q1FY27 📝 Transcript · Capital Goods

Filed 10 Aug 2026

Q1 FY27 standalone revenue 156cr +17% y-y; PAT 28cr +43% with 18% margin
Guidance: 40-45% revenue CAGR from FY27 onwards; EBITDA margin momentum to continue
Major orders expected: QRSAM (~1000 units, >1cr component each), MIGM (3500cr over 3 years), Pinaka (2000 units)
Autonomous systems and smart bombs progressing; Make-II projects underway with trials pending
Export orders expected post Unit III commissioning in next quarters
R&D spend ~9.5% of revenue in FY26; no export revenue yet

Gland Pharma Limited GLAND Q1FY27 📞 Audio · Healthcare

Filed 10 Aug 2026

Long-term 4-5 year CAGR guidance around 20%, driven by CDMO expansion and new product launches.
Multiple brownfield and greenfield capacity expansions underway, including oncology isolated line (Rs. 165 cr CAPEX) and new vial, BFS, ophthalmic lines.
CDMO expected to remain ~50% of revenue near term; aiming for 30% EBITDA margin in near term, 35% longer term.
FY27 Q1 revenue grew 20% YoY to Rs. 18,003 mn; constant currency growth at 15%.
Targeting ~15% revenue growth for FY27 with potential upside if new FDA approvals come timely.
Q1 adjusted EBITDA margin improved to 28% from 25% YoY, driven by favorable product mix, higher CDMO share, operational efficiencies, and cost optimization.

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

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

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

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

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

Mrs. Bectors Food Specialities Limited BECTORFOOD Q1FY27 📞 Audio · Fast Moving Consumer Goods

Filed 07 Aug 2026

Capex planned ~₹200 crore in FY27 (including Bangalore plant under finalization); total capacity supports ₹3,400-3,500 crore revenue
Cost optimization program to deliver 0.4-0.5% margin benefit in FY27
Domestic biscuit volume growth expected mid-teens by FY30, driven by market share gains and industry growth
Price increases of 2-3% taken partially in Q1, full impact expected by Q3 FY27 to offset commodity and fuel inflation
Inflationary pressures from commodity prices, fuel, and minimum wage hikes remain significant, especially in Q2 FY27
EBITDA margin to reach 14% in Q4 FY27; medium-term target 15-16% by FY30 despite ongoing investments

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

FSN E-Commerce Ventures Ltd NYKAA Q1FY27 📝 Transcript · Consumer Services

Filed 07 Aug 2026

Q1 FY27 GMV grew 34% y-y to INR 5,590 Cr; net revenue up 29% y-y at INR 2,782 Cr
Nykaa Now expanded to 13 cities with 60-min delivery; expected in 25 cities by FY27 end
EBITDA rose 68% y-y to INR 236 Cr with 8.5% margin; PAT surged 226% y-y to INR 80 Cr
Beauty vertical NSV grew 29% y-y to INR 2,371 Cr with 10.3% EBITDA margin; Fashion NSV up 54% y-y to INR 451 Cr, near breakeven EBITDA margin
Multiple analyst queries on Nykaa Now's EBITDA impact and Nike partnership details; management expects accretive contribution and retailer-like commission model
House of Nykaa brands grew 36% y-y; acquired premium dermocosmetic brand Aminu with 51% stake

Ather Energy Ltd ATHERENERG Q1FY27 📝 Transcript · Automobile and Auto Components

Filed 07 Aug 2026

Q1 FY27 wholesale volume grew 81% to 83,000 units; registrations up 102%
First positive EBITDA quarter: Rs. 9 crore (0.8% margin) in Q1 FY27
Commodity costs up 46% over 5 quarters; Q1 gross margin 22.4% after 5.6% commodity hit
Expect AURIC Phase 1 ramp-up to 42k units/month by Q4 FY27; Phase 2 planned for future expansion
Production ramped from 24k in April to 31k in June; current capacity maxed at 35k units/month
New Aurangabad factory (AURIC) Phase 1 to add 5 lakh units capacity, doubling total to 9.2 lakh units/year by late 2026

🎙 Transcript Summaries