Research Reports

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

wastewater treatment · DBO model · recurring revenue

Organic growth solid, PAT inflated by mark-to-market gains

adjusted PAT · MTM gains · AUM growth

Bhansali Polymers: When Capacity Meets Margin Inflection

capacity expansion · ABS polymers · margin leverage

When the Promoter Borrows Big: Vedanta's $1 Billion Wiring and the Group's New Risk Profile

promoter financing · capital structure · dividend capacity

PSB Q1: standalone PAT up 23% YoY to ₹332 Cr on lower provisions; GNPA down to 2.21%

BEPL Q1: consolidated PAT +43% YoY to ₹65.6 Cr as revenue surges 53%, NPM slips

Sangam India Q1: consolidated PAT vaults to ₹41 Cr as margins normalise off weak base

Rossari Q1: revenue surges 28% YoY, but consolidated PAT up just 4% as margins compress

YES Bank Q1: consolidated PAT ₹1,072 Cr, +33% YoY on margin gains & lower tax; flat QoQ

PNB Q1 net profit triples to ₹5,253 Cr on falling provisions; NIM stays below guidance

psu banks · net profit surge · asset quality

Kotak Q1: consolidated PAT ₹5,480 Cr, +23% YoY as credit costs halve; beats Street

Axis Bank Q1: consolidated PAT ₹7,632 Cr, up 22% YoY as credit costs ease

Oasis Securities: When the Founder Steps Back — 17 Points

promoter · rights issue · shareholding

When Control Shifts — Vivro's Open Offer for Lippi Systems

open offer · SAST regulations · control acquisition

RIL Q1 consolidated PAT −25% to ₹23,196 Cr on base effect; underlying steady, beats street

Engineering at Scale — Tata Technologies' Tenneco Play Signals AI's Ascent in Automotive Design

engineering services · automotive OEM · AI-led design

EV Entry With Targets — Jindal's Vertically Integrated R40 Scooter Launch Reshapes Diversified Play

electric vehicles · two-wheeler · battery manufacturing

Chembond Q1: consol PAT Rs 5.7 Cr up 44% YoY on tax credit, operating profit slips

RBL Bank's ₹260 Billion Wager — When Cross-Border Capital Rewires the Promoter Map

emirates-nbd · capital-infusion · promoter-change

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

NHAI · highway construction · HAM model

Jayaswal Neco Q1: standalone PAT doubles to ₹194 Cr as finance costs nearly halve

Tatva Chintan Q1: consolidated PAT more than doubles to ₹16 Cr, revenue up 43% YoY

Oberoi Realty Q1: consolidated PAT ₹544 Cr, +29% YoY as margins expand; QoQ dip is seasonal

The Founder Walks: Hi-Klass Trading's 16-Point Control Release

promoter stake · pledge release · founder conviction

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

JSW Steel Q1: consolidated PAT more than doubles YoY to ₹4,696 Cr, beats Street on margin lift

Globus Spirits Q1: consolidated PAT up 50% YoY to ₹26.5 Cr on manufacturing margin rebound

Federal Bank: The Q1 Sprint — Profit Surge, Margins Expand, Credit Momentum Accelerates

Q1 FY27 · asset quality · credit cycle

Amal Q1: consolidated revenue doubles to ₹96.5 Cr; PAT ₹16.7 Cr lifted by ₹5.6 Cr tax incentive

Federal Bank Q1: consolidated PAT ₹1,256 Cr, up ~37% YoY as margins expand