TCS reported a steady performance in the quarter, backed by broad-based growth, steady deal momentum and sequential margin improvement across verticals. Management guided for stronger FY26 international revenue growth compared with FY25. It expects margins to gradually move towards the 26-28% aspirational band. Strategic initiatives remain centred on scaling AI-led transformation, expanding global delivery hubs, and strengthening cloud modernisation and platform capabilities through acquisitions. The company is also investing in sovereign AI data centres with...
LMEL enjoys cost advantage due to the low royalty on its pre-MMDR act 2015 (Mines and Minerals (Development and Regulation) Act) allocated mine. Operational efficiency is further enhanced by the acquisition of Thriveni Earthmovers, a leading Mine Developer and Operator...
Revenue from the Indian market grew 10.8% YoY to Rs. 1,811cr, led by outperformance in focus therapies. The US market's revenue grew 18.9% YoY to Rs. 308cr, as recent launches achieved the targeted market shares. Market revenue from Brazil rose 11.2% YoY to Rs. 218cr, driven by top brands and the performance of...
New SIP registrations rose by 19% YoY, reaching 11.2 Mn in Q1 FY26. This growth profitable. Positioned for its next phase of growth, CAMS is focusing on disciplined cost management, scaling new business verticals, and leveraging key technology investments that are close to completion. The stock is currently trading at 36x 1-year forward P/E (5-year average:...
Finolex Cables Ltd. (FCL) is India's largest manufacturer of electrical (80% of revenue) and telecommunication cables (16%). FCL has a wide distribution network with a high brand recall. In Q1FY26, revenue grew 13% YoY, driven by a 16% YoY increase in electric wire volumes. However, the communication cables segment declined 7% YoY due to client-side contract delays. EBITDA declined 9% YoY, with margins contracting by 40 bps YoY to 9.4%,...
The company plans to derive 3040% of its order book over the next 23 years from non-road segments, including railways, metros, renewable energy, and transmission projects. During the quarter, HG Infra has received its first transmission projects worth...
*over or under performance to benchmark index Biocon Ltd is a biopharmaceutical company that develops therapies for chronic diseases such as autoimmune, cancer and diabetes. The company has developed and introduced novel biologics, biosimilars, differentiated small molecules and affordable recombinant human insulin and analogues. In Q1FY26, Biocon's consolidated revenue grew 14.8% YoY to Rs. 3,942cr, driven...
The Atsumitec acquisition supported the revenue growth for SAMIL. However, structural costs and greenfield-related start-up expenses impacted margin and profitability. Despite this, emerging markets performed well, while developed markets faced pressures due to structural challenges. Nevertheless, the company says these challenges are in line with its plans and expects developed markets to contribute positively in Q3 and Q4 driven by higher demand. With strategic investments, a well-diversified business model and a strong order book, the...
JK Tyre's revenue grew during the quarter driven by its India operations, while the Mexico business partially offset this growth due to geopolitical tensions. Margin and profitability were impacted as the cost of sales increased. The Indian tyre industry is expected to grow 7-8% this fiscal driven by strong domestic replacement demand. Furthermore, the company's market penetration, digitalisation efforts and focus on enhancing operational efficiencies are expected to support long-term growth. Nevertheless, global uncertainties caused by US tariffs and the ongoing geopolitical situation continue to pose challenges. As a result, we retain our HOLD rating on the...
