OPM 14.77%

Base effect · Margin expansion · Debt reduction · Broad based

Revenue grew 43.6% YoY (well ahead of the 31.3% CAGR thesis and beating the ~₹700-750Cr preview) with genuine EBITDA margin expansion (+264bps, cost-led) and falling finance costs from pre-IPO deleveraging, though the 890% PAT growth is flattered by a thin prior-year base.

Rev 19.9% · PAT 112.0% · OPM 12.81%

Margin expansion · One-off hit

Chemicals/agrochemical maker posted YoY revenue decline (-15.3%) but sharp OPM expansion (6.9%→12.8%) drove PAT up 11.2% to a 6-quarter high, though the gain was diluted by an unusually high tax rate and standalone-level results were materially weaker.

Rev 38.7% · PAT 150.2% · OPM 10.01%

Broad based · Margin expansion · Base effect

Revenue nearly doubled YoY (93%) with OPM expanding from 2.3% to 10.0% and NPM from 0.9% to 6.1%, a genuine core-driven turnaround in profitability though the PAT multiple is flattered by a near-breakeven year-ago base.

OPM 19.92%

Margin expansion · Broad based

Manufacturing/industrial core metrics are unambiguously strong — revenue +59.5% YoY with EBITDA margin expanding to ~21% from ~12.7% and net margin to 13.2% from 5.4% via genuine operating leverage (lower employee/other-expense ratios), with no exceptional items and a clean beat versus the company's own pre-result plan, though no street consensus exists to confirm beat/miss.

OPM 33.36%

Margin expansion

Manufacturing lens: revenue growth of just 9.4% YoY was modest (and below management's own 10-15% guide), but clean adjusted PAT grew 31.65% YoY on ~470bps of core operating-margin expansion (NPM to 19.7% from 16.2%) with no exceptional items, and both revenue and profit clearly beat the pre-listing preview range.

Rev 182.4% · PAT 77.5% · OPM 10.94%

Broad based · Margin expansion · Base effect

Revenue and adjusted PAT both grew strongly YoY with genuine operating-margin expansion (5.56%→10.94%) rather than a one-off, but the near-tripling of profit is flattered by a modest year-ago base, keeping it just below very_good.

Rev 8.8% · PAT 71.4% · OPM 24.47%

Margin expansion · Base effect

Strong 66.7% revenue growth with OPM nearly tripling (9.3%→24.5%) reflects genuine operating leverage, but PAT growth is off a tiny ~₹0.16Cr base and a high effective tax rate capped the bottom-line beat, so it falls short of a top-tier standout.

Rev 67.7% · PAT 61.1% · OPM 14.73%

Margin squeeze

Revenue grew a healthy 19.6% YoY with PAT up 14%, but net margin slipped to 5.65% from 5.95% (higher effective tax rate) so profit growth lagged the top line, keeping this just below a standout quarter.

Rev 46.5% · PAT 213.6% · OPM 59.12%

Broad based · Margin expansion

Core revenue (NBFC's key growth metric) grew 62.6% YoY with PAT up 45.2% despite a decline in other income, while OPM expanded sharply from 38.3% to 59.1%, marking a clear core-driven standout for the sector.

OPM 16.12%

Broad based · Margin expansion · Record quarter

Standout industrials print — revenue +49% and adjusted PAT +102% YoY with OPM expanding ~360bps (12.5%→16.1%) and NPM rising to 11.6%, broad-based core growth with no sign of one-off gains inflating profit.