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Chief Business Officer Hexawealth
Research notes and investing articles written by Abhinav Swaroop.
168 stories
Anand Rathi Wealth: Revenue Up, Profit Halves
Anand Rathi Wealth posted a 15.7% rise in Q2 FY27 revenue to ₹344 crore, yet net profit fell 45% sequentially. The drop stems from a high base of one-off gains in the prior quarter and ongoing ESOP expenses.
Ather Energy: Revenue Doubles, Losses Narrow
Ather Energy's Q1 FY27 results show explosive growth, with revenue up 89% and losses narrowing sharply. The company turned EBITDA positive for the first time, though commodity costs remain a headwind.
Delta Manufacturing: Revenue Up 36%, Loss Narrows
Delta Manufacturing reported a 35.8% jump in Q1 FY27 revenue, yet posted another quarterly net loss. The story is one of top-line recovery struggling to overcome persistent cost pressures.
Atlas Cycles: Land Sale Drives Profit
Atlas Cycles Haryana reported a profit of ₹6.62 crore in Q4 FY24, driven by a land sale transaction. The company's core manufacturing business is minimal, with plants closed or operating below capacity.
India Radiators: Loss Narrows, Merger Looms
India Radiators posted a net loss of ₹0.24 crore in Q4 FY26, a sequential improvement. Revenue remained flat for the fifth straight quarter as the company awaits clearance to restart its main factory.
Radico: Profit Soars 76% on Premium Mix
Radico Khaitan's Q1 profit jumped 76% YoY as premium brands drove record margins. The company has upgraded its full-year volume growth guidance, betting on sustained premiumisation.
Cordelia: Cost Storm Sinks Profit
Cordelia Cruises parent reported a sharp profit drop despite higher revenue in Q1 FY27. Surging fuel costs and crew salaries compressed margins, highlighting pressures before its fleet expansion.
Rentomojo: Revenue Soars, Profit Hit by Fire
Rentomojo's Q1 FY27 saw revenue jump 51% year-on-year, but profit fell 39%. The decline was due to a one-time fire loss; normalised profit actually grew 72%.
Vipul: Revenue Jumps, Losses Widen
Vipul's revenue surged 343% sequentially in Q4 FY26, but net losses deepened to ₹15.45 crore. The results were accompanied by a qualified audit opinion over the recoverability of significant project advances.
Symbiotec: Profit Halved by New Ventures
Symbiotec Pharmalab's Q1 FY27 saw revenue grow 7.4% but profit plunge 53%. The drop stems from ₹35 crore in costs from new business verticals that are yet to generate sales, with revenue expected in the next 6-12 months.
Tempsens: Strong Sales, Softer Margins
Tempsens Instruments' Q1 FY27 revenue surged 33.4% to ₹118.71 crore, though net profit growth of 15.6% lagged as margins were squeezed by expansion spending and employee costs.
BRFL: Revenue Halved in Liquidation
Bombay Rayon Fashions reported a quarterly revenue of just ₹7.27 crore, a near 50% drop from the prior quarter. The company is under a corporate insolvency process, with liquidation ordered in late 2023.
Kushal: A Quarter of No Sales
Kushal Limited reported zero revenue for Q3 FY22, with a net loss of ₹0.05 crore. The company's current ratio fell to a precarious 0.2, indicating acute working capital stress.
Jindal Stainless Q1: Sales Up, Profit Slips
Jindal Stainless reported a 10.5% YoY rise in Q1 revenue, though profit growth was softer at 7.6%. The quarter was marked by resilient demand but also by cost pressures and temporary production disruptions.
Anand Rathi's Profit Surge Masks a Valuation Debate
Anand Rathi Wealth reported robust Q1 growth with revenue up 17.5% and profit surging 73.6% YoY. However, a significant portion of profit came from mark-to-market gains, and the stock's high P/E multiple is drawing caution from analysts.
FACT Q3: Revenue Up 65%, Profit Plunges
FACT reported a 65% year-on-year revenue jump for Q3 FY26, but net profit swung to a loss of ₹67.9 crore. The results highlight severe margin pressure from rising costs in a challenging fertiliser market.
Palred Q1: Revenue Soars, Losses Narrow
Palred Technologies' Q1 FY27 results show a robust 63.8% year-on-year jump in revenue. However, the company's net loss widened sequentially, highlighting ongoing profitability challenges.
3P Land Q1: Profit Up 24% YoY
3P Land Holdings posted robust Q1 FY27 results, with profit growing faster than revenue. The NBFC's net profit margin improved both year-on-year and sequentially.
Bank of Maharashtra Q1: Profit Surges 27% YoY
Bank of Maharashtra reported robust Q1 FY27 earnings, with profit growth far outpacing revenue. The bank's net profit margin improved significantly, continuing a multi-quarter trend of rising profitability.
Agri-Tech Q3: A Year of Stellar Returns
Agri-Tech (India) reported its Q3 FY22 results against a backdrop of surging investor interest, with its stock price up 86% over the past year. This performance starkly contrasts with negative profitability figures.