Meter
Quarterly Results Intelligence
Utkarsh Small Finance Bank Ltd
Management Guidance
Management guided FY27 as a consolidation year to build on recent momentum, targeting loan book growth of 25-30% in the coming years. They aim to increase the secured lending portfolio to 55%, maintain NIMs above 8%, and reduce credit costs to 2-2.5% by FY28. The long-term goal is to achieve a Return on Equity (ROE) of approximately 15% and a Net NPA ratio below 1% by FY28, signaling a clear path to sustained profitability.
P/L Statement (in crores)
Press Releases
Earnings Call Recordings
Positive Outlook
Veefin's Transformation: From SCF Niche to Global BFSI Platform with an $80M Pipeline
Veefin Solutions Ltd · VEEFIN
Management Guidance
Management provides very optimistic guidance for FY27, focusing on execution and monetization rather than new product development. They expect to convert at least 25% of their $80 million qualified pipeline within the next six months, with capital expenditures expected to be lower than in FY26. The PSB Xchange platform is transitioning to a 'throughput phase' with transaction flows anticipated this quarter, and the overall growth outlook for the next two years is projected to be 'much better' than the strong performance of the previous two years.
Atlanta Electricals: Record Growth & Debt-Free Status Fuel Confident EHV and Export Expansion
Atlanta Electricals Ltd · ATLANTAELE
Management Guidance
Management reiterates its target of approximately 40% CAGR revenue growth, supported by a robust unexecuted order book of INR 2,493 crores. EBITDA margins are expected to remain stable as investments in new product development for 400kV and 765kV transformers offset gains from operating leverage and a richer product mix. Key strategic priorities for FY27 include successfully prototyping EHV products, aggressively expanding into export markets, and operationalizing new facilities for inverter duty transformers and backward integration, all funded by strong internal accruals on a now debt-free balance sheet.
Park Medi World's Record FY26 & Confident Outlook on Capital-Efficient Expansion
Park Medi World Ltd · PARKHOSPS
Management Guidance
Management guides for significant bed capacity growth to 5,460 by March 2028, funded by strong internal cash flows with a total capex of approximately INR 500 crores. They anticipate a 5-6% net revenue benefit from the CGHS rate hike in FY'27 and expect new hospitals to ramp up without diluting overall margins. The company also projects a gradual shift in payor mix from 80% government schemes towards a 70/30 split with private and cash segments.
Bank of India FY26: Robust Growth & Asset Quality Gains Temper Margin Pressure, Eyes 1% ROA
BANK OF INDIA · BANKINDIA
Management Guidance
Management guides for robust FY27 global advances growth of 15-16% and deposit growth of 13-14%, targeting a full-year Return on Assets (ROA) of 1%. The bank aims to improve its global Net Interest Margin (NIM) to a range of 2.70-2.75% by increasing its portfolio of high-yielding RAM and MCLR-linked advances while growing its low-cost CASA deposit base through strategic initiatives. The focus remains on strengthening the deposit franchise, maintaining a balanced CD ratio, and investing in digital infrastructure to drive long-term performance.
Hyundai India's FY27 Growth Blueprint: New SUVs & EV to Drive 8-10% Growth Amid Margin Pressures
Hyundai Motor India Ltd · HYUNDAI
Management Guidance
Management guides for robust 8-10% volume growth in both domestic and export markets for FY'27, aiming to significantly outpace the industry. This growth will be driven by two new nameplate launches—a localized mass-market compact EV and a mid-size ICE SUV—supported by an aggressive capex of INR 7,500 crores. Despite acknowledging near-term commodity and geopolitical headwinds, the company is confident in maintaining its EBITDA margin guidance of 11% to 14% through calibrated pricing actions, cost optimization, and improved plant utilization.
Satin Creditcare: Strong FY26 Results & Diversification Fuel Confident Growth and Upgraded Targets
Satin Creditcare Network Ltd · SATIN
Management Guidance
Management guides for strong FY27 consolidated AUM growth of 25-30% (15-20% for the standalone MFI business), supported by a targeted improvement in standalone credit costs to 3-3.5%. The company expects overall profitability (ROA) to improve from FY26 levels. Strategically, the long-term consolidated AUM target has been significantly raised to INR 32,000 crores by 2030, with a continued focus on diversification to achieve a 30% non-MFI portfolio mix.
Privi Chemicals: Strong FY26 Fuels Confident Growth, Margin Stability, and Strategic Capex
Privi Speciality Chemicals Ltd · PRIVISCL
Management Guidance
Management guides for 20% revenue growth in the upcoming fiscal year, with a long-term target of INR 5,000 crore in revenue and INR 1,000 crore in EBITDA within 3-4 years. They expect to sustain robust EBITDA margins around 25%, supported by operational efficiencies and a richer product mix from new capacities and value-added products. Strategic priorities include the phased commissioning of significant capex, deepening backward integration, and developing a long-term, high-potential biotechnology platform.
CarTrade Tech: Record FY26 Profits, Bullish Outlook on AI-Powered Monetization and 4x PAT Goal
CarTrade Tech Ltd · CARTRADE
Management Guidance
Management is very optimistic about the future, expecting growth momentum to continue and margins to expand across all business segments in the coming year. The company is focused on accelerating OLX growth through new AI-driven monetization initiatives like 'Elite Buyer' and 'Verification', which are expected to become significant revenue contributors. Strategically, the company has set a long-term objective to grow its Profit After Tax from INR 243 crores to approximately INR 1,000 crores within the next four to five years.
Strong D2C Growth & Margin Expansion Fuel Bullish FY27 Outlook
Northern Arc Capital Ltd · NORTHARC
Management Guidance
Management guides for robust AUM growth of 22% to 25% for FY27, driven by the strategic shift to the direct-to-customer business, which is targeted to reach 65% of AUM. They are targeting a Return on Assets (ROA) of over 3% and aim to achieve a Return on Equity (ROE) of 15-17% within the next 8-10 quarters. Credit costs are expected to remain stable in the 2.7% to 2.8% range, reflecting disciplined, risk-calibrated growth and improving portfolio quality.
Patel Logistics: Strong Profit Growth Fueled by Air Cargo Boom and New Subsidiary Expansion
PATEL INTEGRATED LOGISTICS LTD.-$ · PATINTLOG
Management Guidance
Management projects continued growth momentum, driven by its core air freight business capitalizing on structural industry expansion in airports and aircraft capacity. The company has launched a new subsidiary, Rajpat Logistics, which is expected to add approximately 25% to current revenues within three years with a target ROCE above 15%. Patel will maintain its asset-light model, focusing on leveraging technology to enhance productivity and shareholder value, supported by a strong, debt-free balance sheet and a dividend payout of ~30% of PAT.
Cautious Outlook
Utkarsh Bank's Turnaround: Strategic Pivot Drives Asset Quality Recovery and Confident Growth Outlook
Utkarsh Small Finance Bank Ltd · UTKARSHBNK
Management Guidance
Management guided FY27 as a consolidation year to build on recent momentum, targeting loan book growth of 25-30% in the coming years. They aim to increase the secured lending portfolio to 55%, maintain NIMs above 8%, and reduce credit costs to 2-2.5% by FY28. The long-term goal is to achieve a Return on Equity (ROE) of approximately 15% and a Net NPA ratio below 1% by FY28, signaling a clear path to sustained profitability.
Navigating Near-Term Headwinds with Aggressive Long-Term AI & Data Center Investments
AURIONPRO SOLUTIONS LTD. · AURIONPRO
Management Guidance
Management is not providing specific FY27 revenue guidance at this time due to geopolitical uncertainty in the Middle East, but expects to grow ahead of the industry rate by a meaningful number. The company anticipates a short-term period of higher upfront capitalized investments (INR 150-200 crores) to build out its AI-native software stack, leading to temporary balance sheet and working capital pressure. While margins are not planned to dip significantly, the focus is on capturing long-term growth opportunities in AI, data centers, and transit, with a strong order book of over INR 1800 crores supporting this strategy.
Artemis Targets 2000 Beds by 2029, Fueled by Strong FY26 Results & Strategic Expansion
Artemis Medicare Services Ltd · ARTEMISMED
Management Guidance
Management is guiding for an aggressive expansion from 800 to over 2,000 beds by 2029, driven by new hospitals in Raipur (Q1 FY27) and South Delhi (FY29). While the new Raipur facility is expected to cause a temporary 1-1.5% drag on consolidated EBITDA margins with an initial INR 18-20 crore loss, this is anticipated to be offset by strong performance from the flagship Gurugram unit, which is guided for 15-17% revenue growth. The company also has board approval for a INR 700 crore fundraising initiative to support further expansion through new projects.
Record FY26 Performance & Strong Growth Outlook Tempered by Macroeconomic Headwinds
Advanced Enzyme Technologies Ltd · ADVENZYMES
Management Guidance
Management expects the steady, broad-based growth momentum from FY26 to continue into the new fiscal year, aspiring for double-digit revenue growth. EBITDA margins are guided to remain largely stable, with a potential 1-2% variability, despite acknowledging near-term margin pressures from rising input and logistics costs. Strategically, the company will focus on innovation driven by its new R&D center, expanding its operational footprint, and launching new products, with India expected to be a key growth driver while the U.S. market faces challenges.
Chola MS: Navigating FY26 Headwinds with a Clear Strategy for Profitability Rebound
Cholamandalam Financial Holdings Ltd · CHOLAHLDNG
Management Guidance
Management did not provide specific quantitative guidance but reiterated a medium-to-long-term target of 15%+ ROE. This recovery is predicated on improving the high motor OD loss ratio through recent 7-8% pricing corrections, with positive effects expected within six months. The company plans to restore top-line growth by re-entering the crop insurance business and will continue its strategic focus on the car segment while prudently managing its commercial and 2-wheeler portfolios.
Pidilite: Record Volume Growth Meets Significant Inflationary Headwinds from Geopolitical Risks
PIDILITE INDUSTRIES LTD. · PIDILITIND
Management Guidance
Management is focused on systematically increasing underlying volume growth but acknowledges significant uncertainty for FY27 due to major raw material inflation (40-50%) stemming from geopolitical conflict. The company is implementing calibrated and significant price hikes to pass on absolute cost increases, while remaining committed to its 20% to 24% EBITDA margin corridor. The primary strategic priority is to maintain growth momentum and continue demand generation activities despite the inflationary pressures.
Confident Execution: Orient Electric Drives Growth & Margin Expansion Amidst Inflationary Headwinds
Orient Electric Ltd · ORIENTELEC
Management Guidance
Management anticipates improved demand in Q1FY27, driven by a favorable summer forecast, and will continue implementing calibrated price increases to counter significant commodity inflation while protecting market share. The company remains committed to its '3-wall strategy' focusing on premiumization, diversification, and distribution to drive growth. A continued focus on cost discipline and operational execution underpins management's commitment to achieving double-digit EBITDA margins in the medium term.
Medi Assist's Tech-First Strategy Drives Growth; Margin Recovery and International Expansion in Focus
Medi Assist Healthcare Services Ltd · MEDIASSIST
Management Guidance
Management anticipates technology and international business growth to continue at or above FY26's strong pace, while the core business aims to grow in line with or better than the industry. No explicit margin guidance was provided, but the company highlighted recent quarterly EBITDA margin expansion and expects to realize further synergies from the Paramount integration, which is on track for completion within the next one to two quarters. The strategic focus remains on leveraging its AI and technology platforms for domestic leadership and targeted international expansion.
Wonderla's Record Q4 Fueled by Chennai Park, Eyes Cautious Growth and Tier-1 Expansion
Wonderla Holidays Ltd · WONDERLA
Management Guidance
Management is optimistic about the FY27 growth outlook, driven by a full year's contribution from the new Chennai park and improving performance across the portfolio. While near-term uncertainty in discretionary spending is acknowledged, the company expects EBITDA margins to improve towards historical levels of ~40% as new parks mature. The long-term strategy is focused on expanding into Tier 1 cities with plans to add at least 2-3 new parks over the next five years, though near-term capex is limited to INR 35-40 crores for sustaining activities.
NOCIL: Strong Volume Rebound Tempered by Margin Pressure, Eyes Recovery via Price Hikes & ADD
NOCIL LTD. · NOCIL
Management Guidance
Management guides for a sustained positive momentum with double-digit volume growth in the coming years, viewing Q4 as a new base. They are actively implementing price hikes to counter raw material inflation and target an EBITDA margin improvement of approximately 150 basis points from the FY26 base. This recovery is expected to be driven by operating leverage from higher volumes, cost efficiencies, and the ramp-up of new capacity, while awaiting a final decision on anti-dumping duties.
