KANSAINERKANSAI NEROLAC PAINTS LTD.
Margin hold is the test as Kansai Nerolac navigates crude pressures and new rivals
paints · margins · crude-oil-pressure
Research Reports
02 Aug 2026
MOLDTKPACMold-Tek Packaging Limited
Record revenue, but the margin math doesn't support the passthrough claim
gross margin compression · pharma ramp · EBITDA per kg
MOLDTKPACMold-Tek Packaging Limited
Record revenue but margin pressure; pharma surge justified
pharma growth · EBITDA per kg · consolidation benefits
CUMMINSINDCUMMINS INDIA LTD.
Q1 FY-2027: Tracking Domestic Momentum Against Export Headwinds
earnings · power-generation · margins
BERGEPAINTBERGER PAINTS INDIA LTD.
Paint volumes hold firm as monsoons settle; margin watch takes center stage
paints · berger · q1-fy27
31 Jul 2026
BLUSPRINGBluspring Enterprises Ltd
Bluspring Q1FY27: consolidated loss narrows YoY to ₹1.6 Cr, swings from Q4 profit
facility management · security services · steag acquisition
BLUEDARTBLUE DART EXPRESS LTD.
Blue Dart Q1: consolidated PAT jumps 81% to ₹88 Cr as margins expand, revenue up 15%
logistics · express courier · air cargo
KESORAMINDKESORAM INDUSTRIES LTD.
Kesoram back in the red: Q1 consol loss ₹20 Cr as costs outrun 27% revenue rebound
rayon · transparent paper · chemicals
RAMRATRAM RATNA WIRES LTD.-$
Ram Ratna Wires: consolidated PAT surges 121% YoY on copper tubes boom, eases 10% QoQ
copper tubes and pipes · winding wires · margin compression
MICELMIC ELECTRONICS LTD.
MIC Electronics: consol PAT +28% YoY to ₹2.13 Cr, OPM slumps to 9.8% on trading mix
led products · margin compression · trading segment
XPROINDIAXPRO INDIA LTD.
Xpro India: consolidated PAT turns profitable YoY, but forex-adjusted profit falls ~18%
polymer films · dielectric films · uae subsidiary
KAJARIACERKAJARIA CERAMICS LTD.
Kajaria Q1: consolidated PAT +55% YoY to ₹171 Cr on margin expansion, volume gains
ceramics · tiles · building materials
CENTURYPLYCENTURY PLYBOARDS (I) LTD.-$
Century Plyboards Q1: consolidated PAT +57% YoY to ₹83 Cr, revenue up 33%, margins widen
wood panels · plywood · mdf
VOLTAMPVOLTAMP TRANSFORMERS LTD.
Voltamp Q1: revenue surges 28% YoY to Rs544 Cr, but margins compress ~240bps
capital goods · transformers · revenue growth
SHADOWFAXShadowfax Technologies Ltd
Shadowfax Q1: consolidated PAT ₹65 Cr on +65% YoY revenue, margins keep widening
logistics · last mile delivery · margin expansion
30 Jul 2026
MALLCOMMallcom (India) Ltd
Mallcom Q1 FY27: consolidated PAT down 33% YoY as exports slump, margins still recovering
industrial safety products · export slowdown · margin recovery
MAZDOCKMazagon Dock Shipbuilders Ltd
Mazagon Dock Q1: consolidated PAT ₹550 Cr, +22% YoY as margins expand, trounces street
defence shipbuilding · margin expansion · profit beat
DENORADE NORA INDIA LTD.
De Nora India PAT jumps 97% YoY to ₹6.39 Cr as warranty costs ease; revenue dips 16%
electrode technologies · margin expansion · warranty cost normalization
THERMAXTHERMAX LTD.
Thermax Q1: consolidated PAT crashes 86% to ₹22 Cr on ₹91 Cr project cost overrun
capital goods · energy transition · cost overrun
KABRAEXTRUKABRA EXTRUSIONTECHNIK LTD.
Kabra Extrusion narrows Q1 FY27 loss to ₹1.74 Cr as battery arm revenue jumps 133% YoY
battery division · extrusion machinery · segment divergence
APOLLOPIPEApollo Pipes Ltd
Apollo Pipes swings to ₹11 Cr Q1 consolidated loss on margin collapse; revenue misses goal
plastic pipes · pvc pipes · margin compression
PSPPROJECTPSP Projects Ltd
PSP Projects Q1: consolidated PAT ₹18.3 Cr on 65% YoY revenue jump, margins recover
construction · epc · order book
IRBIRB INFRASTRUCTURE DEVELOPERS LTD.
IRB Infra Q1 consol PAT +51% to ₹306 Cr on InvIT gains; core revenue near flat
roads highways · toll revenue · invit monetisation
29 Jul 2026
BGRENERGYBGR ENERGY SYSTEMS LTD.
BGR Energy standalone loss narrows to ₹226 Cr YoY; revenue collapses 83% on one-offs
insolvency · nclt stay · debt restructuring
MEILMangal Electrical Industries Ltd
Mangal Electrical Q1FY27: PAT doubles YoY to ₹7.52 Cr on revenue +40%, but eases QoQ
transformers · crgo electrical steel · epc contracts
TBOTEKTBO TEK Ltd
TBO Tek Q1: consolidated PAT ₹83 Cr, +32% YoY; revenue +81% on Classic Vacations, NPM 12%→9%
online travel · travel tech · classic vacations
WAAREEENERWaaree Energies Ltd
Consolidated PAT ₹892 Cr up 15% but margins compress; underlying flat as a one-off flatters
solar modules · margin compression · revenue growth
MTARTECHMTAR Technologies Ltd
MTAR Q1: consolidated PAT ₹50.2 Cr up 4.6x YoY, revenue doubles, EBITDA margin ~24%
defence · aerospace · clean energy
AEQUSAequs Ltd
Aequs Q1: revenue +55% YoY but consumer burn drags group to ₹53 Cr consolidated loss
aerospace · consumer durables · toys manufacturing
TEAMLEASETeamLease Services Ltd
Consol PAT +38% YoY to ₹34 Cr on margin expansion; QoQ dip is EdTech seasonality
staffing · margin expansion · gcc specialised staffing