Malayalam Shares

ONGC: CO SECURES U.S LICENCE TO RESUME FULL VENEZUELA OPERATIONS.

Paisalo Digital’s first series of NCDs worth ₹300 crore fully subscribed ahead of schedule.

Nifty 500 | Q1FY27 Results Update Overall Performance - 484 Nifty 500 companies reported Q1FY27 results. - Revenue growth: +19.6%. - PAT growth: +9.1%. - PAT growth ex-OMCs: +17%. - PAT Margin: 10.4%. - PAT Margin ex-OMCs: 12.4%. - Ex-OMC margins remain near record levels. Large Caps - Ex-OMC PAT growth: +15.6%. - Underlying performance remains healthy. - OMCs distort headline profitability. Mid Caps - Headline PAT growth: -6.1%. - HPCL heavily distorts the comparison. - Ex-OMC PAT growth: +16.6%. - Mid Caps are not fundamentally weak. Small Caps - Revenue growth: +22.6%. - PAT growth: +37.1%. - PAT increased by ₹12,560 Cr. - PAT margins expanded 90 bps. - Small Caps remain the standout segment. Small Cap PAT Distortions - Loss-making companies contributed ₹5,212 Cr improvement. - This represents 41.5% of total PAT growth. - JSW Cement contributed ₹1,520 Cr. - MRPL contributed ₹1,216 Cr. - Chennai Petroleum contributed ₹1,072 Cr. - These three explain 30.3% of PAT growth. - Top 5 contributors explain ~42%. - Top 10 contributors explain ~61%. Underlying Small Cap Growth - Ex-OMC PAT growth: ~30.1%. - Ex-commodities PAT growth: ~26.8%. - Ex-three turnaround outliers: ~24.7%. - Profitable companies comparison: 23.6% PAT growth. - Margins expanded approximately 59 bps. - Underlying growth remains strong. - True growth is closer to mid-20s. Key Takeaway - Q1FY27 earnings remain fundamentally healthy beneath headline distortions. Large Caps and Mid Caps show strong ex-OMC PAT growth, while Small Caps remain the strongest segment. However, Small Cap's reported 37.1% PAT growth is inflated by large turnaround gains; underlying growth of roughly 24–27% still indicates strong earnings momentum.

NBCC (India) | Q1FY27 Earnings Call Highlights Financial Performance - Standalone Revenue: ₹1,823 Cr (+10% YoY). - Consolidated Revenue: ₹2,260 Cr. - Standalone EBITDA: ₹160 Cr (+62% YoY). - EBITDA Margin: 8.77%. - Standalone PAT: ₹151 Cr (+32% YoY). Order Book & New Orders - Standalone Order Book: ₹1.12 lakh Cr. - Consolidated Order Book: ₹1.27 lakh Cr. - Q1 new business secured: ₹1,600 Cr. - ₹18,000–20,000 Cr awards expected over next 2–3 quarters. Key Projects - ~₹10,000 Cr balance redevelopment work. - Bharat Business Park sold for ₹10,000 Cr. - Sale completed through three auctions. - Amrapali Phase 2 execution underway. - Amrapali expected to support revenue and profit. - Board approved HSCC merger with NBCC. - In-principle approval for CPSE REIT subsidiary. - REIT to support asset monetisation. FY27–FY29 Guidance - FY27 Revenue: ₹16,000–17,000 Cr. - FY28 Revenue: ₹21,000 Cr. - FY29 Revenue: ₹24,000–25,000 Cr. - FY27 Consolidated PAT: ₹1,100–1,200 Cr. - FY28 PAT: ₹1,300–1,400 Cr. - FY29 PAT: ₹2,000 Cr. Growth Opportunities - ~₹50,000 Cr large orders under discussion. - Includes ₹30,000 Cr GPRA redevelopment project. - Large awards delayed by approvals and funding. - Dubai expansion underway. - Developer licence obtained in Dubai. - 66 housing units under construction. - Redevelopment contribution expected to increase. - Amrapali contribution expected to improve margins. Key Monitorables - Order award conversion. - ₹18,000–20,000 Cr expected awards. - GPRA redevelopment project. - Amrapali Phase 2 execution. - HSCC merger progress. - CPSE REIT monetisation. - Dubai project execution. - Margin improvement from redevelopment. Key Takeaway - NBCC reported strong Q1FY27 EBITDA and PAT growth with a massive ₹1.12 lakh Cr standalone order book. The key growth drivers are redevelopment projects, Amrapali Phase 2, upcoming large order awards and asset monetisation, while FY27–FY29 guidance points toward significant revenue and PAT growth.

Nalco gains 2-2.5%

Hindcopper huge volume today