PNB Housing Finance Earnings Call Transcript: Key Takeaways
PNB Housing delivers strong disbursement growth and margin expansion, supported by a significant credit rating upgrade to AAA.
- Call
- Guides 20% growth
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PNB Housing delivers strong disbursement growth and margin expansion, supported by a significant credit rating upgrade to AAA.
Q2 FY27 revenue INR 4,989 Mn (+48.2% YoY), EBITDA INR 583 Mn, PAT INR 348 Mn (+37.5%). H1 FY27 record: PAT INR 1,138 Mn (+155.7%), EBITDA margin 17.12%.
Q2 FY27 revenue ₹14,687 Cr (+21% YoY), PAT ₹1,456 Cr (+5%), EBITDA margin 13.4%. Growth driven by volume, mix and pricing; scooter and EV momentum continues.
Q2FY27 revenue Rs196.7cr (+21% YoY), record EBITDA Rs73.2cr (+32%, 37.2% margin), PAT Rs51.8cr (+11%). Battery-materials pivot and Nandesari FDA approval are the strategic highlights.
Q2 FY27 revenue ₹662 Cr (+4.9% YoY), EBITDA ₹215 Cr (+21%, 31.7% margin), PAT ₹156 Cr (+13%). H1 PAT ₹306 Cr (+16%). Data-centre business being demerged into Ashok Cloud.
Info Edge delivers strong standalone billing growth of 13% while announcing the major exit of long-time CEO Hitesh Oberoi. The core recruitment business remains steady, and real estate portal 99acres has pivoted to positive cash generation.
Q2 FY27: PAT ₹436 cr (+36.6% YoY), NII ₹982 cr (+34.9% YoY), gross advances ₹92,015 cr (+25% YoY), GNPA 2.27% (-106 bps YoY). Asset quality and CASA are the focus.
Birlasoft reported steady 2.1% CC revenue growth despite weakness in the ENU vertical.
Q2 FY27 revenue ₹32,840 Mn (+52% YoY), PAT ₹1,806 Mn (+55%). H1 FY27 revenue ₹64,522 Mn (+53%), PAT ₹3,858 Mn (+87%), EBITDA margin 8.9%. Record half-year led by Wires & Cables.
Q2FY27 revenue ₹7,219 Mn (+22% YoY) and PAT ₹1,266 Mn (+49% YoY). H1FY27 PAT ₹3,108 Mn (+19%). Fairfax to acquire up to 51% with ~₹20 bn capital infusion.
Standalone Q2 FY27 net sales Rs 3,982 Cr (+21.7%) and PAT Rs 647 Cr (+10.4%), with EBITDA margin compressed to 20.4% by input-cost inflation. Consolidated PAT grew 7.1%.
Adani Enterprises delivered record half-yearly EBITDA, driven by a significant ramp-up in the newly commissioned copper business and airport infrastructure.
Q2FY27 Total Income ₹2,125 Cr (+14% YoY), EBITDA ₹270 Cr (12.7% margin, down 120 bps), PAT ₹68 Cr (-15%). Net cash ₹69 Cr; NWC 82 days.
Q2 FY27 OPG revenue INR 11,887mn (+18.3% YoY), PAT INR 1,804mn (+9.8% QoQ), OPG EBITDA margin 23.9%. H1 margins compressed YoY. No explicit numeric guidance given.
Q2 FY27 consolidated revenue ₹655 Cr (+9.0% YoY) but PAT ₹67 Cr (−12.5%) as EBITDA margin compressed to 21.7%. Growth with margin dilution.
PVR INOX reports a record-breaking quarter driven by global blockbusters and strategic pivot to asset-light 'Smart Cinema' formats.
H1 FY27 revenue ₹571.08 Cr (+84% YoY) and PAT ₹36.46 Cr (+206%). Q2 revenue hit a five-quarter high of ₹340.75 Cr (+124% YoY), but Q2 EBITDA margin fell to 6.2%.
Record Q2 FY27: consolidated revenue ₹1,567 Mn (+103% YoY) and PAT ₹310 Mn (+6,100% YoY). Wealth AUM ₹199,782 Mn (+9%); PMS+AIF AUM ₹25,624 Mn (+64%). Focus on distribution expansion and technology.
H1FY27 consolidated revenue ₹71.7Cr (flat YoY), EBITDA ₹19.5Cr at 27.2% margin (+652bps YoY), PAT ₹14.6Cr (+25.6% YoY). Debt-free; pivoting from cost-plus to owned-IP film, OTT, animation and digital model.
Q2FY27 consolidated revenue ₹964 Mn (+29%, Aequitas consolidated); standalone revenue ₹814 Mn (+9.3%), EBITDA margin 22.7%, PAT ₹126 Mn flat. H1 standalone PAT +10.3%.
Q2FY27 revenue Rs 540 Mn (+16.3% YoY), PAT Rs 107 Mn (+4.3%), EBITDA margin 26.1% (-196 bps). H1 revenue +14.2%. Retail-led, asset-light expansion.
Q2FY27: consolidated AUM ₹17,043 Cr (+23.31% YoY), consolidated PAT ₹115 Cr (+25.91% YoY); ROE 15.33%, cost of borrowing 9.19%, MSME-focused lending.
Home First delivered robust 27% AUM growth with improving profitability metrics. Management reaffirmed long-term commitment despite minor margin headwinds from rising borrowing costs.
CarTrade achieved record revenues but faces base-effect slowdowns in its consumer business.
Revenue growth is muted as sharp declines in top accounts offset strong expansion in off-highway and products.
Q2FY27 consolidated revenue Rs 207.68 Cr (+87% YoY), EBITDA Rs 50.34 Cr (+94%), PAT Rs 36.56 Cr (+157%), EBITDA margin 24.27%. Capacity expansion to 30 Mn m hoses and 30,000 skids by FY28E.
Bandhan Bank is pivoting from its MFI roots toward a universal banking model, with non-EEB growth and secured assets stabilizing the balance sheet despite CASA pressure and transitionary headwinds in housing.
Q2 FY27 revenue Rs 215.0 Cr (+12.5% YoY) and PAT Rs 23.8 Cr (+27.3%); H1 FY27 PAT Rs 52.5 Cr (+30.8%). Debt-free franchise model. No explicit guidance.
Vedanta Aluminium delivered record production and EBITDA growth despite softening LME prices.
Vivid Electromech reports strong growth driven by data centers, but faces significant working capital and inventory pressures.