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LTM On CNBC-TV18

4 Out Of 5 Verticals In Q4 Delivered Double-digit Growth

From The Lens Of Extended Addressable Market There Is Scope

We Are On Right Track To Continue AI Momentum

Confident Of Continuing Growth Momentum In FY27

Systematix On CNBC-TV18

Dr Reddy’s Expects Health Canada Semaglutide Approval By End Of Next Month

Dr Reddy’s Has Received DIN For Semaglutide, Few Steps Away From Getting Final Approval

Getting A DIN For Drug Means Regulatory Compliance Is Done

Don’t Think There Is Further Scope Of Correction In Cipla, No Change In FY27 Estimates

Tips Music On CNBC-TV18

Achieved FY26 Target, Guiding For 20% Revenue & PAT Growth In FY27

Till 2002, we held more than 60% market share

More than 80% business comes from the catalogue, the balance from new business for most music companies

Delay in launches in Q4 led to the drop in business from new content

Targeting ₹80-90 crore on Content Costs in FY27

IT Stocks Have Corrected To Multiples That Justify Their Growth, AI Theme Is Over Played

Becoming Constructive On Selective Large Cap IT Stocks

Nifty Growth For FY27 Is Expected To Be 12% Considering The War Disruption

Sentiment On Indian Market Will Improve In H2FY27

UBS On Union Bank

Neutral Call, Target Price at ₹195/share

Q4 PAT beat driven by lower opex & orovisions, NII remains weak

Expect NIMs to stay stable to slightly improve on deposit repricing

Estimate Average RoA/RoE of around 1.1%/14% over FY27-29

Stock at 1x FY27 P/BV appears fairly priced, given lower growth but stable margin

Management expects loan growth improvement with profitability focus

BlueStone Jewellery On CNBC-TV18

Gold Price Hike Over The Past 2 Quarters Created Some Issues For Us

Confident About Same Store Sale Growth Of Approx 30%

Saw Inventory Gain Of `50 Cr In Q4

Operating Cash Flow In Q4 Was Positive

Store Addition In FY26 At 64 Stores, Will Grow By 20% YoY, Closing At 340 Stores

HSBC on LTMIndtree

Buy, TP ₹5250

LTM reported an in-line quarter & expects FY26 revenue growth momentum to be sustained in FY27

This implies moderation vs earlier expectation, but FY27 growth should still be at the top-end of the larger IT peer group

Expect LT growth to be sustainably higher than the industry average, which drives the Buy rating

Brokerage firm Nomura s reiterated its bullish stance on the stock, while Citi cut its target price, and Jefferies has a ‘hold’ recommendation post its fourth quarter results.

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Union Bank To CNBC-TV18

We Are Sure Net Interest Margin Has Bottomed And We Expect Improvement

Will Target Net Interest Margin At Around 2.7% Going Forward

Always Good To Build Buffers When Times Are Good

Prudent To Build Buffers & Keep Aside Provisions When Times Are Good

SMA At Lower Levels

Slippages Lower In FY26 Vs Previous Year, Recoveries Are Higher

95% Of Our Corporate Book & Loans Of `25 Cr+ Are Rated BBB Or Higher

Higher Provision Is Not Impacting Net Profit Or Capital

Increase In SMA-1 Book Is Not Linked To West Asia

`4,318 Cr Is The ECL Shortfall

`700 Cr Provision Can Be Seen As A Proactive Prudential, Forward Looking Move By Bank

Continue To Credit Cost & Slippages Ratio For FY26 With Higher Recoveries

Movement From SMA 2 To SMA 1 In Q4 Led To Higher SMA 1 Book

Rs 3,000 Cr Exposure To Corps Linked With West Asia, Monitoring This Portfolio Closely

Credit Cost For FY27 Will Be Below 1%

The stock is currently down 5.2% post reporting its fourth quarter results:

Net Profit up 10.8% at ₹129.8 crore vs ₹117 crore (YoY)

Revenue up 22.5 at ₹174.3 crore vs ₹142.2 crore (YoY)

EBITDA up 23.1% at ₹149.4 crore vs ₹121.3 crore (YoY)

Margin at 86% vs 85% (YoY)

Recommends Final Dividend Of ₹2/Share

LTIMindtree Shares Decline 4% Post Q4 Results:

Net Profit up 44.6% At ₹1,387.3 Cr Vs ₹959.6 Cr (QoQ)

Revenue up 4.7% At ₹11,291.7 Cr Vs ₹10,781 Cr (QoQ)

EBIT up 1.6% At ₹1,709.4 Cr Vs ₹1,737 Cr (QoQ)

Margin At 15.10% Vs 16.10% (QoQ)

$ Revenue up 1.2% At $1,222 m Vs $1,208 m (QoQ)

Himadri Chem On CNBC-TV18

Stable Topline Growth In Last 3 Yrs Due To Focus On Value Added Products

Topline Growth Slower Than Profit Growth Due To More Contribution From Value Added Products

Value Added Products Are Currently 25-30% & Will Increase To 50%

Commencement Of Anode Material Production Will Lead To Higher Growth

Specialty Carbon Black Should Look At 85-90% Capacity

Stick To The Guidance Of Rs 1,100 Cr Of PAT By FY28

Birla Tyres Capacity Is Ramping Up Continuously

`3,000 Cr Should Be The Topline From The Tyres Business

Will Be Able To See RoCE Of More Than 30%

A Balasubramanian, AB Sun Life AMC On CNBC-TV18

Last 2 Yrs Have Been Good For Us Led By Capability Building, Better Processes

Targeting 15-20 Bps Market Share Gain In The Near Term

Expect TER Changes To Have Minimal Impact On Revenue And Profitability

Net 2-3 Bps Impact On Revenue Yields Expected Due To TER Changes

Over The Last Yr, Invested On People, Process & Funds Have Outperformed Peers As A Result

Better Flows Expected As A Result Of Better Fund & Expected Mkt Performance

Our Deserving Market Share Is Approx 7-7.5%, Currently At 6%

Adani Energy shares are down 5.4% at the moment, reacting to their fourth quarter earnings:

Net Profit up 5.7% At ₹683.8 Cr Vs ₹647.2 Cr (YoY)

Revenue up 16.8% At ₹7,443. Cr Vs ₹6,374.6 Cr (YoY)

EBITDA down 4.7% At ₹2,145 Cr Vs ₹2,251 Cr (YoY)

Margin At 28.8% Vs 35.3% (YoY)

Himadri Specialty shares jump over 8% post strong Q4 results

Infosys shares are down 3% at the moment at the moment, reacting to Q4 results.

Nomura On Infosys:

Buy Call, Target Price At Rs 1,640/Sh

Marginal Revenue Miss & Modest Margin Beat In Q4

FY27 Guidance In-line, Stronger Outlook For BFSI & EURS Verticals

Margins Likely Stable At Around 21% In FY27

Growth Expected To Pick Up On Deal Wins & AI Partnerships

Forecast 3.4% $ Revenue Growth, Valuation At 15x FY27 EPS

Shares of LTIMindtree Ltd. will be in focus today after the technology consulting and digital solutions firm reported a largely in-line performance for the March quarter. Of the 43 analysts covering the stock, 26 have a ‘Buy’ rating, 11 recommend ‘Hold’, while six have a ‘Sell’ call. Read here

CIE Auto posted good set of results

Both India and Europe see over 15% revenue growth

India business margin impacted by raw material cost

In Europe, positive exchange rate boosts numbers

Cyient’s consolidated CC revenue down 7.2% YOY

DET (Digital Engineering & tech) services revenue de-grew by 2.4% qoq/1.5% yoy in c/c

Cyient announces tender buyback with price of ₹1,125 per equity share for ₹720 crore.

Ambit cuts FY27-28 EPS estimate by 2-3%

HDFC cuts FY27-28 EPS estimate by 2-4%

CITI on Infosys:

Neutral rating, Target Price cut to Rs 1300

Reported a weak 4Q, with revenues & EBIT margins coming in below expectations.

FY27 guidance is largely in line with expectations, at mid-point.

Forward looking indicators:

(a) Revenue guide – 1.5-3.5% cc yoy,

(b) TTM large TCV +28% yoy,

(c) Headcount +1.5% yoy,

(d) Mgmt commentary – slower decision making in March; high competitive intensity

Lower FY27E/28E EPS by 1-2%

Believe Infosys will continue to deliver better performance compared to peer group in FY27 as well

The IT firm reported Q4 results broadly in line with estimates, with net profit at ₹1,387 crore, slightly above the CNBC-TV18 poll of ₹1,375 crore, and revenue at ₹11,291.7 crore versus expectations of ₹11,155 crore. On a QoQ basis, profit jumped 44.6% and revenue rose 4.7%.

The IT major has guided for FY27 revenue growth of 1.5%–3.5% in constant currency, broadly in line with analyst expectations, while projecting EBIT margins in the 20%–22% range. For the March quarter, the company reported net profit of ₹8,501 crore, beating estimates, even as constant currency revenue declined 1.3% sequentially, weaker than forecasts. The board has recommended a final dividend of ₹25 per share, subject to shareholder approval.

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