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Anant Kacholia

HexaWealth Research

Research notes and investing articles written by Anant Kacholia.

164 stories

12 October 20263 min

DMart: Profit Slips as Costs Climb

DMart's Q2 FY27 saw revenue surge 17.8% year-on-year, yet profit grew only 8.5%. The gap highlights persistent margin pressure from rising operational costs and wage inflation, even as store expansion continues.

Anant Kacholia, HexaWealth Research
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11 October 20263 min

Kesar Terminals: Revenue Flat, Loss Widens

Kesar Terminals' Q1 FY26 results show a stagnant top line and a sharply wider loss. The company's core bulk liquid storage business faces headwinds, while a major subsidiary sale has cleaned up the balance sheet but left profitability strained.

11 October 20263 min

Ansal Buildwell: Profit Jumps, QoQ Dip

Ansal Buildwell's Q1 FY27 profit surged 292% year-on-year to ₹5.06 crore, buoyed by a sharp profit contribution from associates. Revenue grew 78% to ₹17.37 crore, but profit fell sequentially from Q4.

10 October 20263 min

APL Apollo: Margins Hold as Volumes Slip

APL Apollo Tubes reported a 10.9% rise in Q1 FY27 net profit despite a 6% drop in sales volume. Strong pricing and product mix defended margins, but sequential declines highlight near-term demand challenges.

10 October 20263 min

Max Earth: Loss Widens on High Costs

Max Earth Resources' Q4 FY24 loss widened to ₹0.73 crore despite a slight revenue uptick. High operational costs and a focus on building mining capacity are central to the story, with profitability projected for future years.

9 October 20263 min

Balasore Alloys: Revenue Soars, Losses Persist

Balasore Alloys posted a massive year-on-year revenue jump to ₹335 crore in Q2 FY24, though it remained loss-making. The quarter highlights the volatile recovery path for non-integrated ferrochrome producers.

9 October 20263 min

Austin Eng: Revenue Falls, Profit Dives

Austin Engineering's Q1 FY27 saw consolidated profit plummet 39% year-on-year to ₹0.94 crore. Revenue fell 10%, but a sharp contraction in net profit margin drove the deeper earnings decline.

9 October 20263 min

Steamhouse: Profit Soars 80% on Margin Leap

Steamhouse India's Q1 FY27 profit surged 80% to ₹18.34 crore, far outpacing a 13% revenue rise. The leap came from abandoning coal trading and a sharp focus on higher-margin steam sales.

9 October 20263 min

Manipal Payment: Profit Doubles on Export Surge

Manipal Payment & Identity Solutions started FY27 with profit more than doubling. Revenue grew 48%, driven by a 2.3x jump in its emerging business segment and a sharp rise in international contribution.

9 October 20263 min

ESDS: Profit Outpaces Revenue Growth

ESDS Software Solution reported a 7.3% rise in Q1 FY27 revenue to ₹133.7 crore, with profit growing 14% to ₹29.3 crore. The company is shifting its revenue mix toward higher-margin Infrastructure-as-a-Service ahead of a major AI contract.

9 October 20263 min

Skyways: Revenue Doubles, Profit Soars

Skyways Air Services posted a 90.4% surge in revenue to ₹1,216.5 crore in Q1 FY27, with net profit rising 143.3% to ₹26.8 crore. The growth was driven by strong air and ocean freight demand.

8 October 20264 min

Bank of India: Profit Soars, Margins Cut

Bank of India's Q1 net profit surged 78% YoY on robust loan growth and improved asset quality. However, the bank cut its full-year net interest margin guidance, highlighting rising deposit cost pressures.

8 October 20263 min

Hind Aluminium: Revenue Soars, Profit Halves

Hind Aluminium's Q1 revenue multiplied five times year-on-year, yet net profit fell by 51%. The quarter's story is a strategic pivot, not an operational one.

7 October 20263 min

Securekloud Q1: Revenue Surges, Losses Narrow

Securekloud Technologies reported a sharp 58% quarterly revenue jump to ₹13.51 crore in Q1 FY27. However, the company continued to post a net loss, highlighting ongoing operational challenges.

7 October 20263 min

Poddar Housing: Revenue Soars, Profit Stays Negative

Poddar Housing's annual revenue more than doubled to ₹58.16 crore in FY24. However, the company reported a net loss of ₹44.55 crore, highlighting ongoing profitability challenges.

7 October 20264 min

IRCTC Q1: Revenue Up, Profit Stalls

IRCTC reported an 18.1% jump in Q1 FY27 revenue, driven by its catering segment. However, net profit remained flat as margins contracted sharply due to one-off HR costs and rising input prices.

6 October 20261 min

Biocon Q1: Profit Soars 53% YoY

Biocon reported a strong year-on-year profit increase of 53.4% for Q1 FY27. However, both revenue and profit declined sequentially from the previous quarter.

6 October 20261 min

Opto Circuits Q3 FY21: Financials Missing

Opto Circuits announced its Q3 FY21 financial results, but the available data does not include the quarterly revenue or profit figures needed for a standard earnings analysis.

5 October 20261 min

Gensol Q3: Profit Slips Despite Sales Jump

Gensol Engineering posted a 30.5% YoY revenue increase in Q3 FY25, yet profit growth was a modest 3.8% as net profit margin compressed by 130 basis points.

5 October 20262 min

Sprayking Q4: Profit Up, Margins Dip

Sprayking reported a 44% jump in Q4 revenue year-on-year, though profit growth lagged at 18%. The company's net profit margin continues to face pressure, falling 160 basis points from the prior year.