Research Reports

Execution Now — Can L&T Deliver 10% Growth from Record ₹5.12L Cr Order Book?

execution · order book · infrastructure

Trishakti's Triple Play: ₹1,680 Cr Q1, Wind Energy Entry, and MENA Bet

equipment-rental · infrastructure · renewable-energy

Paras Defence's ₹6,200 Crore Semiconductor Wager—When Defence Pivots to Chip Packaging

semiconductors · OSAT · IC packaging

HFCL's Record Results Mask an AI-Ready Expansion—₹215 Cr Data Centre Bet Signals Pivot

data centre · capex · optical fibre

Emami Paper Q1 FY27: PAT jumps to ₹38.6 Cr as margins expand, revenue up 22% YoY

paper and paperboard · newsprint · margin expansion

When Capacity Halts — Patel Engineering's Samardung Tunnel Disaster and the Revenue Impact

tunnel construction · safety incident · project disruption

TARIL Q1 FY27: consolidated PAT dips 5% YoY to ₹64 Cr as input costs squeeze margins

Industrials · earnings · quarterly results

Rajoo Q1: consolidated PAT +15% to ₹17.3 Cr, but growth is subsidiary-led as core & EPS slip

When Export Entry Rewires Growth — Dynamic Cables' US Bet and the Record Q1

US market entry · Export growth · Mid-cap cables

Dynamic Cables Q1: standalone PAT +37% YoY to ₹24.95 Cr, margins expand past 10.5%

Revenue guidance hit, but volume soft and margins pricing-driven

volume deceleration · pricing power · FMEG momentum

VA Tech Wabag's Bengaluru Bet — When Wastewater Orders Rewrite the Playbook

wastewater treatment · DBO model · recurring revenue

PNC Infratech: When ₹3,483 Crore in Highway Orders Rewrite the Order Book

NHAI · highway construction · HAM model

Navkar Q1: standalone PAT ₹12.3 Cr, up ~5x YoY on 38% revenue jump and margin recovery

WeWork India posts ₹4 Cr consolidated Q1 loss despite 28% YoY revenue growth

BHEL swings to ₹377 Cr consolidated PAT from year-ago loss; revenue up 40%, beats street

Polycab Q1: consolidated PAT ₹797 Cr +33% YoY on 39% revenue jump, margins ease

Sterling & Wilson Q1: PAT ₹53 Cr up 38% YoY on lower tax; revenue down 10%, PBT off 24%

The Vikas Garg Question: Governance Shock Across Four Listed Companies

governance · ED arrest · PMLA

Emmvee Q1 consolidated PAT doubles YoY to ₹380 Cr; revenue +51%, margins expand

Artson slips to ₹0.41 Cr net loss in Q1 as revenue falls 42% YoY; Tata parent backs going concern

Raghav Productivity: consolidated PAT jumps 68% YoY to ₹19.6 Cr on 49% revenue growth, margins widen

Dalmia Bharat's $132M Tanzania Wager: Sugar's New Geography

sugar · capex · international expansion

The Strong Start: Five-Sector Beat on Q1 FY27 Earnings

Q1 FY27 · earnings · profit growth

CG Power: The Numbers Behind the Two-Futures Week

cg power · semiconductors · osat

Elecon Q1: adjusted PAT flat, margins slip 130bps; reported PAT −60% on prior-year one-off base

industrial gears · capital goods · margin compression

The Addendum

tantia constructions · governance · disclosure