Gopal Chitlangi @Gopal_Chitlangi

Watch Tata Technologies for a potential turnaround candidate.. It achieved its highest ever revenue growth in the past 12 quarters. Revenue grew by 34% YoY and 25% in CC terms in Q1 FY27. They are guiding for a double-digit organic top-line growth, excluding any inorganic contribution. Operating margin will touch 18% at the end of FY27, up from current 16%.

Q1 FY27 Company results today : 1. Reliance Industries : {Below Average} ~On a very huge base, delivered 25% YoY revenue growth which is very good ~Growth was driven by its Oil & Gas subsidiary, which delivered immense revenue growth due to rising oil prices ~This level of revenue growth is not be sustainable ~PAT and EBITDA margins fell by a huge percentage 2. Poonawalla Fincorp : {Excellent} ~AUM grew by 63% YoY and 11% QoQ vs guidance of 35-40% for FY27 ~PAT grew by 390% YoY ~Good improvement in GNPA and credit cost was seen ~Wide spread usage of AI in operations ~35-40% AUM growth guidance maintained 3. Central Bank of India : {Very Good} ~Advances grew by 29% YoY at such a huge base of 3.5 lakh cr ~PPoP fell by 5% is a cause of concern, but PAT still grew by 13% YoY ~GNPA improved by 50 bps YoY and credit cost improved by 30 bps YoY ~Huge growth in RoE from 14.17% to 14.92% YoY 4. Tata Technologies : {Very Good} ~Watch this company for a potential turnaround candidate ~Revenue grew by 34% YoY, and 25% in CC terms; Highest revenue growth in previous 12 quarters ~Management guided strong double-digit organic revenue growth in FY27, with services as the primary growth engine ~Management says that they have a very strong order book 5. Federal Bank : {Average} ~Gross Advances grew by 15% YoY to 2.82 lakh cr; growth driven by gold loans and credit cards lending ~CASA ratio improved 188 bps YoY to 32.23% ~NIMs, RoE and RoA expanded YoY ~NII grew by 26% YoY Other Average companies : 1. Havells India 2. Tatva Chintan Pharma 3. Jayaswal Neco Industries

@Arvindj37429322 EBITDA expected to grow by 20% in FY27.

Wework India : A small cap company in the flexible workspaces category ~87% of its total revenue comes from private offices and managed office given on rent, primarily to GCCs. Remaining 13% comes from rent received from startups, or other extra services they provide. ~In Q1 FY27, Revenue grew by 28% YoY to 700 cr, EBITDA margin stand at 64%, and expanded by 100 bps YoY. Generally Q1 is a leaner quarter than Q4. ~Operational desk capacity increased by 17% YoY to 134k desks. Their target was to take total capacity to 155k desks by the end of FY27. ~Even though capacity expanded, ROCE stands at 29%, and it expanded by 1900 bps YoY. ~Portfolio occupancy moved from 76.5% a year ago to 84.9% today. Their spaces are filling faster than they are building them. Because of this, they were able to increase the average commitment terms from 27 months to 32 months. ~52% of the new desk sales in this quarter came from their existing clients. ~They have launched Member Services, a business services platform for their existing members. In this, they offer employee transport services, AI-led staffing platform, employee assistance programs, etc. to the companies who have taken offices on rent. ~FCFO grew by 176% YoY to Rs 141.9 Cr, driven by higher operating profitability and efficient collection workflows. ~Average cost of borrowing stands at 8.5% against 10.4% in the previous year.

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Reliance Industries: ~Revenue grew by 25% YoY to 3.12 lakh cr ~EBITDA margin fell by 200 bps YoY to 15% ~PAT fell by 25% YoY to 23,000 cr

Gopal Chitlangi @Gopal_Chitlangi

a day ago

Mota Bhai's results tomorrow 🧐

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Poonawalla Fincorp has delivered some exceptional growth in AUM, not only on YoY basis but also on QoQ basis. Disbursements this quarter was around 20% of the total AUM. Key points about the business : 1. AUM grew by 63% YoY and 11% QoQ against the guidance of 40% growth YoY. 53% of the book is secured and 47% is unsecured. New products which they launched contributed to 16% of AUM. Long term guidance of 35-40% CAGR growth is maintained. 2. PPoP grew by 142% YoY. Less provisions in this quarter helped PAT to grow by 390% YoY and 21% QoQ. 3. They plan to use AI to enhance revenue via customer conversations / calling & optimization of digital marketing. 4. GNPA fell by 50 bps YoY to 1.37%. PCR stands at 50%, and credit cost improved to 2.4%. 5. Cost of borrowing stands at 7.72% vs 8.04% YoY vs 7.63% QoQ 6. In FY27, they aim to grow the Consumer durables franchise by 2x and further expand the gold loan network. They also aim to disburse more and more loans digitally.

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@24nitishh Suryoday SFB also down 3-4%, and has delivered good Q1 updates💸

Everything looks good in Central Bank of India apart from its PPOP, which fell by 5% YoY. Since they have done less provisions this quarter as compared to Q1 FY26, their PAT grew by 13% YoY. Q1 FY27 Results Analysis : 1. Advances grew by 29% YoY to 3.5 lakh cr. RAM advances grew by only 21%, so most of this growth is driven by Corporate Advances, which grew by 47% YoY. 2. Yield on advances also fell by 69 bps YoY. Cost of funds also fell by 30 bps YoY, leading to fall in NIMs of just 10 bps. 3. Huge growth in RoE is seen in this quarter. RoE went up from 14.17% to 14.92% YoY. 4. GNPA improved by 53 bps YoY to 2.6%, and credit cost improved by 28 bps YoY to 0.4%. Fall in slippages has helped in this improvement.

Gopal Chitlangi @Gopal_Chitlangi

2 weeks ago

Central Bank of India : +29% YoY growth Tamilnad Mercantile Bank : +27% YoY growth Bank of Maharashtra : +27% YoY growth What a number by these 3 banks!! I am very excited and all ready for a detailed comparison between these 3 banks once their Investor Presentation and

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@suryachaudhary1 x.com/Gopal_Chitlang…

Gopal Chitlangi @Gopal_Chitlangi

a day ago

Jio Financial Services : Q1 FY27 Results and Business Model decoded Revenue grew by over 220% YoY to 2000 cr, but it includes a non-recurring dividend income of Rs 500 cr. So total income is a better comparable metric in this case. Total Income grew by 141% YoY from 600 cr to

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@seeitkeepit1 yes. polycab, despite having a huge base has delivered great numbers. jio has also done amazing.

Q1 FY27 Company Results today : 1. Polycab : {Excellent} ~39% revenue growth despite have a huge base ~EBITDA margins fell YoY due to increase in raw material prices, but it improved QoQ ~Wires growth outpaced cables growth again ~FMEG segment saw good YoY growth 2. Piramal Finance : {Very Good} ~AUM grew by 25% YoY, at par with their guidance ~85% of their book consists of retail assets, 15% consist of wholesale assets ~NIMs, PAT, RoAUM grew YoY ~Increased disbursements in unsecured part of the book will help in further NIMs expansion ~Cost of Funds fell down by 35 bps YoY to 6.26% 3. Wipro : {Poor} ~Revenue grew by only 0.9% YoY in CC terms ~Q2 FY27 guidance is also very poor; -1.5% to 0.5% growth in revenue in CC terms 4. Jio Financial Services : {Excellent} ~Revenue grew by over 220% YoY, Total Income grew by 140% YoY ~Jio BlackRock fund reached 18k cr AUM in less than one year of launch ~Jio Credit's AUM grew by 160% YoY, and its cost of borrowing is also one of the lowest among the industry ~Jio Payments Solutions targets high ticket size customers, which help in collecting higher transaction fees, contributing more to total income 5. Wework India : {Very Good} ~A company in the flexible workspaces segment ~Revenue grew by 28% YoY, Margins expansion also seen ~Free CFO grew by 176% YoY; Operational desk capacity grew by 17% ~Management sees strong structural tailwinds in this space 6. 360 ONE WAM: {Good} ~Revenue grew by 24% YoY; PAT grew by 15% YoY ~Overall AUM grew by 17% YoY ~ROE stands at 19% Other good companies : 1. Menon Bearings 2. BHEL (But less chances of consistent good performance in upcoming quarters) Average : 1. Tech Mahindra 2. ITC Hotels 3. South Indian Bank 4. CEAT Bad : 1. 5paisa capital 2. Heritage Foods 3. Sterling and Wilson Renewable Energy

@NSuresh_ECW L&T Finance with a similar base grew its AUM at 27% this Q1. Just a bit of more AUM growth of Piramal Finance would bring more tadka🥳

If one spends 50 hours a week earning X amount of money, then he should also spend atleast 5 hours a week learning equity research and invest directly in good companies rather than mutual funds. This is what I believe. Direct investment in equities is what will make or break the game for you.

@Salman_2911 Revenue Contribution from EPC segment fell this quarter, but it is expected to normalise in the full year. Another point to note.

@EquityInsightss And GCCs are also the biggest customers of flex, and they are growing more and more with AI. 55% of all global GCCs are based in India, and they want flexible workspaces. They will be leading the next phase of growth of flex in India💹

@vklpm22 In concall, management said that competitive intensity in increasing as too many companies are entering in this space. This is something to take care of.

@venkylearner Thank you Venky bhai :)

Jio Financial Services : Q1 FY27 Results and Business Model decoded Revenue grew by over 220% YoY to 2000 cr, but it includes a non-recurring dividend income of Rs 500 cr. So total income is a better comparable metric in this case. Total Income grew by 141% YoY from 600 cr to 1500 cr. This dividend income has directly contributed to PAT growth of over 150% YoY. Contribution to Total Income : 1. Interest Income : The biggest contributor in this segment is the Jio Credit business, also known as NBFC lending segment. Minor contribution also comes from the interest from deposits in the Jio Payments Bank. 2. Fees and Commission Income : The biggest contributor in this segment is the Jio Payments Bank and Jio Payments Solutions, in which they charge various transaction charges and fees. Other contributors are the Jio Insurance Broking, and Jio BlackRock AMC 3. Net gain on fair value changes : This gain is recognized when the market value of assets increase. To get an idea where the overall business is heading, we have to focus on its following subsidiaries : i. Jio Credit Business : ~Gross AUM grew by 160% YoY to 30,000 cr. 45% of the total book is in Mortgages, 45% is in Loans Against Securities, and 10% is in Corporates and SMEs. ~Disbursements grew by 170% YoY to 11,000 cr. Average ticket size of Mortgage loans, and LAS is above 1 cr. ~Their borrowings also grew by 227% YoY, but their Cost of Borrowings is just 7.07%, among the lowest in the industry. ii. Jio Payments Bank : ~Total Income grew by 7.7x to 83 cr, CASA customers grew by 51% YoY to 3.9 million iii. Jio Payments Solutions : ~Gross Fees and Commission Income grew by 6.4x to 176 cr ~They target high order value merchants and also offer cross border payments so that they can charge higher fees ~This segment has healthy unit economics through high-margin business and operating leverage iv. Jio BlackRock AMC : ~Within just one year of launch, AUM has touched 18k cr ~44% of their investors have active SIPs ~They provide diversified suite of investment products including mutual funds, ETFs, SIFs ~Broking business beta version scheduled to launch in Q2 FY27 v. Jio Insurance Broking : ~Total fee and commission income grew by 131% YoY to 61 cr ~Premium facilitated increased ~11x YoY and ~51% QoQ

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@VakhariaBhumil Sure!!

Wework : Revenue grew by 28% YoY and EBITDA margin also expanded by 100 bps YoY to 64%. A very interesting company in the flexible workspaces segment🔥🔥 I will cover Wework and Jio Financial in a video tomorrow. Both are great companies..

Gopal Chitlangi @Gopal_Chitlangi

a month ago

This video will be a discussion on Wework, a company in the flexible workspaces niche in the real estate sector. I see the company getting a lot of demand boost in its products in the future. ▫️Wework is a small cap company in the real estate sector. ▫️They take buildings

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