1. Executive Summary: The Headline Mixed-to-positive quarter with a clear profitability beat. Revenue was essentially flat QoQ (and solidly higher YoY), while PAT and EBITDA margins expanded sharply on cost control and non-broking strength. Overarching narrative: Resilience of the client franchise and operating leverage despite softer trading activity and regulatory/market-structure headwinds (including Closing Auction Session… Read More »
1. Executive Summary: The Headline Mixed bag with a clear operational beat masked by a one-off. Revenue delivered strong double-digit growth (26th consecutive quarter of sequential expansion), while adjusted/operating PAT rose 5% YoY. Reported PAT fell ~25% YoY due to exceptional Nagarro acquisition costs. Overarching narrative: Sustained high-growth execution continues, with solid deal momentum and… Read More »
1. Executive Summary: The Headline Clean operational beat. Revenue and EBITDA exceeded estimates with sequential margin expansion, while reported PAT rose 4.2% YoY. The sequential PAT decline was driven by lower other income (market-linked), not core operations. Overarching narrative: Solid AUM growth, healthy operating leverage, and resilient core profitability. The quarter reinforces HDFC AMC’s strong… Read More »
1. Executive Summary: The Headline Clean beat with strong margin progression. Revenue grew solidly (+15.6% YoY / +2.4% CC QoQ), PAT jumped 32.7% YoY, and EBIT margin expanded to 14.8% (12th consecutive quarter of improvement). Overarching narrative: Turnaround execution continues to deliver, with healthy deal momentum ($1.023B TCV), progress toward the 15% FY27 EBIT margin… Read More »
1. Executive Summary: The Headline Clean, broad-based beat. Revenue surged ~53% YoY to a record Q2 level, EBITDA and PAT rose ~39% and ~43% YoY respectively, and results exceeded estimates across revenue, EBITDA, and profit. Overarching narrative: Strong execution in Wires & Cables (supported by domestic infrastructure and electrification demand) plus a sharp improvement in… Read More »
1. Executive Summary: The Headline Miss on profitability with muted growth. Consolidated revenue rose modestly (+1.1% QoQ / +9.1% YoY), but PAT declined ~4.5% QoQ and ~1.9% YoY. IT Services revenue was flat in constant currency. Overarching narrative: Soft demand environment persists, with a sharp sequential drop in total and large-deal bookings and cautious Q3… Read More »
1. Executive Summary: The Headline Strong operational beat on growth and margins, largely in line with or slightly ahead of street estimates. Revenue rose ~20% YoY on double-digit volume growth, EBITDA expanded sharply, and PAT jumped ~36% YoY. Overarching narrative: Broad-based volume-led performance across categories, with margin expansion despite elevated advertising spends and management commentary… Read More »
Below are the SENSEX Weekly Expiry Options Trading Levels for 10 Sep 2026 Trading . Options are for 01 Oct 2026 SENSEX Weekly Expiry. SENSEX Expiry Range Upper End of Expiry : 73359 Lower End of Expiry : 72246 SENSEX Intraday Trading Levels Buy Above 72777 Tgt 72912, 73046 and 73182 ( SENSEX Spot Levels)… Read More »
1. Executive Summary: The Headline Mixed bag with a clear profit/margin beat and a narrow revenue miss. PAT and EBIT exceeded street estimates; top-line was essentially in-line to a small miss. Overarching narrative: Strong services growth, record deal bookings, accelerating Advanced AI revenue and a guidance raise at the lower end of the FY27 band… Read More »
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