Arman Financial Services Investor Presentation: Key Takeaways
Q2FY27 PAT ₹51.5 Cr (vs ₹8.0 Cr); PBT ₹69.2 Cr. Record AUM ₹3,209 Cr (+50.6% YoY). GNPA 2.73%, NNPA 0.92%. Disciplined growth post-FY26 clean-up.
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Q2FY27 PAT ₹51.5 Cr (vs ₹8.0 Cr); PBT ₹69.2 Cr. Record AUM ₹3,209 Cr (+50.6% YoY). GNPA 2.73%, NNPA 0.92%. Disciplined growth post-FY26 clean-up.
Q2 FY27 revenue INR 1,842M (+33% YoY), PAT INR 90M (+148% YoY), EPS INR 35. Affiliates +65%, Food Service +21%. Cheffin scaling across e-commerce and quick-commerce.
Record Q2 FY27: revenue up 24.7% to about ₹373 Cr, EBITDA up 36.6%, margin 17.6%. Reported H1 PAT up only 7.5% due to a prior-year one-off tax credit; ex-it about 39%. Gross margin fell 170 bps on traded-product mix.
Q2 gross sales rose 14% QoQ but fell 17.6% YoY; H1 fell 8.1%. Management reiterated 20% FY27 growth, and one-time items flatter margins and other income.
Consolidated growth called 'fantastic', but jewellery margin of 11.1% is normalized and excludes ₹490 Cr duty gain and ₹671 Cr Damas write-back. TMZ buyer growth flat; festive soft; October undisclosed.
Q2 FY27 revenue ₹655 Cr (+31.4% YoY) and PAT ₹57 Cr (+55.8%), network-led growth; India EBITDA margin flat near 28%.
Q2/H1 FY27: Vi share rose to ~31%, BSNL billing stalled on ~300 built sites, no firm roll-out guidance; reported figures are internally inconsistent.
Q2 revenue rose 8% to ₹686 Cr, but H1 fell 2%, volumes dropped 6-7% and Q2 PAT was ₹56 Cr. Management is upbeat yet hedges on margins, volume recovery and launch timelines.
Q2 FY27 consolidated revenue ₹430 Cr (+144% YoY) and PAT ₹209 Cr, flattered by one-time transmission and insurance income; anode and graphene remain pre-commercial.
Q2 revenue rose 77% QoQ on volume recovery, but H1 revenue fell 16% YoY and Q2 profit fell 76% YoY. Leverage rose sharply, and the FY27 guidance needs a steep H2 ramp.
Legacy Tega Q2 revenue rose 19% YoY, but Molycop consolidation drove an H1 loss of ₹167 Cr. Equipment guidance was cut to 15% from 25%, exposing order-conversion slippage.
H1 FY27 total income +23% YoY to ~₹145 Cr; EBITDA ~₹20 Cr (14%); PAT ~₹12.6 Cr. Management concedes forex and freight margin compression; Vijayanagram delayed by cyclones.
Q2 FY27 consolidated total income ₹564.6 Cr (+20.2%), EBITDA ₹100.1 Cr (17.7% margin), PAT ₹45.3 Cr (+57.7%). Entering lithium-ion battery separator films via new subsidiary.
Q2FY27 consolidated revenue INR 2,735 Cr (+17.3%), PAT INR 317 Cr (+4.0%, 11.6% margin); H1 revenue INR 5,280 Cr (+17.4%). Net debt/EBITDA 0.87x. Expansion via Suguna acquisition and SLJ Delhi agreement.
Q2 FY27 PAT ₹308 Cr with 22% disbursement growth, but GS2 rose ~25bps QoQ and management stayed defensive, reiterating guidance despite rate-hike pressure.
Q2 FY27 consolidated ex-SPV revenue ₹6,995 cr (+13%); H1 ₹13,391 cr (+11%). H1 PAT ₹603 cr (+34%), near debt-free, order book ₹71,846 cr.
Q2 FY27 revenue of ₹576 Cr (+247% YoY) is handover-driven, with bookings of ₹834 Cr and collections up 20%. Management deflected on the Apollo encroachment and class action, and reiterated FY27 PAT over ₹250 Cr despite margin questions.
Godfrey Phillips H1 FY27 consolidated: net revenue Rs2,548 Cr (-8.2%), PAT Rs388 Cr (-41.3%), EBITDA margin 15.5%, hit by the Q4 FY26 tax increase.
Q2 FY27 revenue ₹18,150 lakh (+25.3% YoY), Op. EBITDA ₹3,481 lakh (19.2% margin), PAT ₹2,162 lakh (+42.7%). Bokaro colour-coating line received CTO on 5 Oct 2026.
Q2 FY27 revenue ₹875.2 Cr (+8.3% YoY), PAT ₹24.5 Cr (-22.9%), pre-forex EBITDA margin 9.9% (-330 bps). Laminates flat; chipboard scaling. No quantified guidance given.
Standalone revenue rose 31.7% to ₹324 Cr and PAT turned to ₹6 Cr, but stationery margins compressed and publication growth is largely Q1 spillover.
1HFY27 revenue ₹4,742 Cr (+10% YoY), PAT ₹70 Cr (-56%) on EBITDA ₹645 Cr (-19%). Q2 revenue ₹2,466 Cr (+10%), PAT ₹38 Cr (-49%).
Record ₹38,280 Cr revenue (+27% YoY), but Q2 EBITDA margin slipped to 8.8% from 9% amid acquisition integration and input-cost pressure. Growth is heavily acquisition-aided, and management hedged on Europe, commodities and timelines.
Q2 FY27 revenue ₹1,746 Cr (+89.9%), PAT before exceptional ₹219.9 Cr (+214.2%), EBITDA margin 17.6%. Net cash ₹1,071 Cr. FY27 revenue guidance raised.
H1 FY27: PAT INR 25,568 Cr (+21.5%), Net VNB INR 6,846 Cr (+34%), VNB margin 22.3% (+4.7ppt). IEV INR 7,97,378 Cr, down YoY from 8,13,230 Cr.
Q2 FY27 record revenue INR 361.1 Cr (+23.9% YoY); EBITDA INR 51.7 Cr at 14.3% margin; PAT flat at INR 26.0 Cr. Pivoting to spooling and integrated piping solutions.
Q2 FY27 operating revenue Rs481cr (+8.0% YoY), PAT Rs116cr (+8.4%), loan book Rs16,425cr (+9.3%), GNPA 2.42%. Sanctions up 12.7% YoY.
Q2 FY27 revenue Rs 2,756 Cr (+11% YoY) and PAT Rs 113 Cr (-5%, 4.1% margin). Order balance Rs 14,250 Cr (+16%), but bookings fell 8%.
Q2 FY27 revenue ₹4,482 Cr (+33%), PAT ₹1,549 Cr (+52%), driven by Subansari commissioning and generation gains. Reported PAT absorbs a ₹231 Cr Tista-4 provision; debt ₹59,000 Cr and receivables ₹4,283 Cr remain soft spots.
Q2 FY27 PAT ₹46 Cr (+31% YoY), NIM 4.24%, GNPA 2.36%. Advances +23% YoY. Management deflected on IRDAI banca fee risk and offered no guidance upgrade.