GSPL Transmission
Standalone Q2 revenue rose 8% to ₹290 Cr and PAT rose 2% to ₹120 Cr on 12% volume growth. The company is debt-free, but H1 EBITDA was flat, subsidiary losses persist, and the tariff path remains unresolved.
ALFA Concalls
Every earnings call, live and summarised
Wednesday, 4 November 2026
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Standalone Q2 revenue rose 8% to ₹290 Cr and PAT rose 2% to ₹120 Cr on 12% volume growth. The company is debt-free, but H1 EBITDA was flat, subsidiary losses persist, and the tariff path remains unresolved.
Revenue strong (Q2 +33.6%, H1 +40.3%), but Q2 PAT grew only 7.7% as costs, forex and freight squeezed margins; margin recovery is asserted without numbers.
Q2 revenue rose 63% YoY to ~₹110 Cr with a 20.4% EBITDA margin, but FY27 guidance was only 'hopeful', and the negative operating cash flow and receivables question went unanswered.
Q2 revenue rose 15.8%, EBITDA 60% and PAT 90% YoY, but management gave no forward growth numbers despite calling the outlook 'quite bullish'. Government revenue fell on a prior one-off, and receivable days stayed near…
Management skipped detailed numbers and gave no guidance. Ratings revenue grew 15.2% in H1, non-ratings stayed flat near ₹80 Cr a quarter, and acquisition losses were left unresolved.
Q2 revenue hit a record ₹501 Cr and H1 rose 19% to ₹867 Cr, but profit rose only 2% and operating cash flow turned negative. Working capital is about 60 days against a 40–45 day guidance, and steel cost pass-through…
Q2 FY27 revenue of about ₹1,576 Cr and EBITDA of ₹207 Cr, with margin down to 13.2% from 13.9%. Cash conversion and working capital improved, but monsoon and polymer headwinds persist. H2 is guided flattish.
Revenue ₹21.3 Cr, +1.1% QoQ; EBITDA -₹5.9 Cr, PAT -₹4.1 Cr. Management leans on India run-rate and playbook narrative; flat top line since 2023 is not directly answered.
Revenue grew 18% (SSG 3%, adjusted like-for-like 11%) helped by festival shift; pre-Ind AS EBITDA rose 32% at a flat 0.6% margin. Management declined to give October same-store sales.
Q2 EBITDA margin collapsed to 2.5% (16.1% last year) on a 34.8% gross margin. Management gave no numeric guidance and made H2 recovery conditional on commodity stability.
Q2 revenue ₹2,948 Cr (+33.6% YoY), but EBITDA margin slipped to 8.9% (9.1% last year) on war-driven under-recoveries. ₹63 Cr exceptionals cut reported PBT to ₹78 Cr.
Q2 FY27 revenue up 7.5%, fourth straight positive quarter, but growth is price-led with marginal volume. Management withheld SSSG and margin figures, leaning on adjusted profit metrics.
Q2 EBITDA fell to ₹287 Cr from ₹343 Cr QoQ; PAT ₹137 Cr vs ₹194 Cr. Volumes rose 2.6% QoQ despite industrial supply curtailment. Management called results better than market expectations, but gave no margin guidance.
Q2 revenue ₹973 Cr (+32%) and EBITDA ₹248 Cr (+17%) were record highs, but EBITDA margin fell to 25.5% from 28.9% on digital mix. H1 PAT rose 10% to ₹403 Cr.
Q2 EBITDA more than doubled to ₹22 Cr on occupancy gains; ADR flat near 3%. Net debt cut to ₹31 Cr after ₹30 Cr repayment. H2 acceleration asserted, never quantified.
Consolidated revenue rose 9.8%, but EBITDA grew only 0.8% and margin fell 130 bps to 14.6%. PAT was flat at ₹7.9 Cr. Standalone hospitals carry profit while subsidiaries drag. Management deflected on Mumbai, MedTech…
Standalone Q2 FY27 revenue rose 18.24% to ₹129.78 Cr and PAT rose 45.75% to ₹6.94 Cr. Same-store sales slowed from Q1, and delivery mix rose sharply, so growth leans on delivery and new openings.
Q2 and H1 FY27 volumes and prices rose YoY on KNR1 ramp-up, but margins are tightening (~₹28,000/t EBITDA) and cost guidance was withheld. FY27 production guided at 380,000 t.
Record H1 with 38.33% standalone EBITDA margin, but Q2 softened on monsoon and coal costs. Shemaf debt relief, copper ramp-up and Suria ore supply remain unresolved.
Consolidated Q2 revenue rose 29% YoY to ₹2,779 Cr, but EBITDA margin compressed to about 5.5% from 6.1%, so profit growth lagged sales.
Record Q2 revenue of ₹295 Cr (+25%) and PAT up 97% to ₹10 Cr, but margin pressure and rising net debt. No FY28 guidance given.
Q2 FY27 revenue ₹83.1 Cr (+17%), PAT ₹4.86 Cr (+26%), EBITDA margin 21.6%. The FY27 ₹420–430 Cr target needs a steep H2 ramp the Q2 run-rate doesn't support.
Q2 revenue ₹314 Cr (+37%) and adj. EBITDA ₹118 Cr (+39%), helped by a low base and upfront recognition of old-film licensing. Management pushes a rolling-12-month view.
Revenue surged 175% YoY to ₹204.5 Cr, but PAT margin nearly halved to 4.5% as management front-loaded headcount. Tone is upbeat, while hard numbers on forward guidance are largely withheld.
H1 FY27 consolidated revenue rose 75% YoY and PAT rose 132% to ₹33.2 Cr, but EBITDA was flattered by ~₹10–11 Cr of inventory gains that management called non-recurring. Volume grew 11%; a ₹37 Cr capacity expansion is…
Bigbloc delivered strong volume-led revenue growth but faced significant margin compression due to raw material and fuel cost spikes.
Revenue grew 28% YoY, but margins faced pressure from new product pricing and raw material inflation. PAT declined 9.3% in H1 due to lower 'other income' compared to last year.
Q2 revenue rose 73.5% YoY to ₹746 Cr, but Q2 PAT growth slowed to 13.5%. H1 EBITDA margin compressed to about 7.8%, which management calls transitional.
Stylam reported strong volume growth but faced significant EBITDA margin pressure due to escalating ocean freight and energy costs.
Signpost reported a transitional H1 with 6% revenue growth, heavily reliant on a strategy shift toward high-value corporate accounts and digital transit assets. Management is pivoting to 'experiential' media to offset…
Global Health delivered strong results driven by high-occupancy and scale-up at Noida. Expansion remains aggressive with a new 500-bed Ghaziabad project.
IndiQube is transitioning from a managed workspace provider to an integrated enterprise platform, leveraging Q2 revenue growth of 34% YoY.
Clean Max delivered a robust H1 FY27 with 67% revenue growth, fueled by surging AI data center demand and aggressive 600 MW capacity commissioning despite significant grid curtailment at Bikaner.
Marathon Nextgen moves to 100% ownership of Monte South, doubling future profit participation.
GSFC delivered record Q2 revenue, but profitability collapsed as massive raw material price hikes severely compressed fertilizer margins.
Anthem delivered robust Q2 results driven by CRDMO business and sharp margin expansion. Management highlighted strong operating leverage and cost discipline while scaling capacity.
Transrail Lighting delivered record Q2 revenue and EBITDA despite supply chain disruptions, supported by aggressive backward integration and a robust T&D order book.
Divgi reported a blowout quarter driven by a massive, non-recurring Indonesia export order surge, though long-term growth hinges on unconfirmed automatic transmission localization.
Allied Digital reports record H1 revenues despite government project delays, shifting focus toward higher-margin managed services and AI-driven automation.
Aggressive store expansion drove 28% revenue growth but suppressed short-term margins and same-store sales due to festive shifts.
H1 revenue ₹254 Cr (+79%) and PAT ₹38.5 Cr, but Q2 profit fell sharply from Q1 (₹6 Cr vs ₹32 Cr) and margins compressed. Growth leans on investment sales and debt-funded expansion, with no quantified guidance.
Management is mitigating sharp caustic soda price erosion through aggressive cost-efficiency and record volumes. High renewable energy mix (40%) and captive solar are insulating margins against commodity cycles.
Remus delivered strong H1 growth led by international operations, though consolidated margins are skewed by a low-margin US distribution transaction.
Q2 revenue rose 17% YoY to ₹129.9 Cr, but net profit fell 15% to ₹6.4 Cr and EBITDA dipped 2%. Management declined to give a numeric revenue outlook, citing no track record of doing so.
Prince Pipes delivered strong 22% volume growth and significant working capital reduction, but EBITDA margins remain range-bound at 11-13% despite lower-cost inventory tailwinds.
Embassy reports record-high pre-sales and luxury launches, though project completion accounting hides operational momentum behind a net loss.
Record high order backlog and strong top-line growth driven by space and US export segments, though EBITDA margins faced temporary compression due to freight and strategic pricing.
Vijaya Diagnostic delivered strong Q2 growth, leveraging operating leverage and CGHS tariff revisions to expand margins significantly despite aggressive network expansion.
Yatharth delivered record performance driven by newer acquisitions turning EBITDA positive and a strategic 3,150 Cr Advent partnership to double bed capacity.
Strong consolidated revenue growth driven by India and Europe, despite volatile commodity prices. Robust order book execution across EV and four-wheeler segments offset one-time European depreciation hits.
Solar Industries delivered a massive quarterly beat driven by strong defense execution and international expansion.
Revenue grew a healthy 23.5%, but adjusted EBITDA lagged and H1 margin fell about 80bps to 23%. Management deflected on pricing, FX and margin detail, relying on 'healthy range' language and long-term guidance.
Q2 revenue fell 2.3% YoY to ₹434 Cr, with same-store sales down 10.6%, blamed on the festive calendar shift. Management stays bullish on double-digit H2 growth but defers its H2 margin commitment to Q3.
Consolidated Q2 revenue rose 103% to ₹198.1 Cr and EBITDA to ₹38.3 Cr from ₹7.8 Cr. Growth came from fleet additions and deployment; management hedged on the timing of new contracts.
Q2 revenue ₹176.69 Cr (~47% YoY) and PAT ₹9.52 Cr (+62%), helped by lower forex loss. Margins remain thin, and management deferred value-ramp and margin timing.
Awfis reports strong growth driven by GCC demand and premiumization, with cash EBITDA margins expanding 140 bps YoY.
Laxmi Dental reported record quarterly revenue driven by international expansion and digital adoption.
Diamond Power hit its first ₹1,000 Cr revenue quarter, exiting NCLT with a cleaned balance sheet and aggressive capacity expansion plans.
Chambal reports resilient profits despite volatile global input costs and El Nino-led weather disruptions.
Revenue grew 7.7% YoY despite Middle East supply chain disruptions. Management maintains a bullish 15-20% FY27 growth target backed by a record ₹716 crore order book.
Samhi Hotels delivered robust performance driven by high occupancy and asset scaling. Management remains highly optimistic about premiumization through upcoming flagship launches like W Hyderabad.
Metropolis delivered a robust 16% revenue growth, beating prior 12-13% organic guidance. Operating leverage is kicking in, with H1 margins expanding 190 bps despite heavy monsoon headwinds and no price hikes.
A concall, or earnings call, is the conference call a listed company holds after its quarterly results, where management explains the numbers and answers analysts' questions. This page lists the calls of NSE and BSE companies that we stream live. While a call is on, its page plays the audio. When it ends, the same page carries our summary: the key numbers, guidance and what management promised.