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October 2026 | Q2FY27 Results, Company Deep Dives, Healthcare Regulation & AI Infrastructure

📊 Q2FY27 Results — Key Prints TVS Motor — Broad-Based Growth and Margin Expansion: Revenue grew 44% YoY, EBITDA 47% and PAT 52%. EBITDA margin improved to 13%, approximately 30 basis points above the previous year. Strong operating performance was supported by domestic two-wheeler demand, exports and electric vehicles. Earnings exceeded consensus estimates by approximately… Read More »October 2026 | Q2FY27 Results, Company Deep Dives, Healthcare Regulation & AI Infrastructure

September 2026 | Company Deep Dives, Competition, Healthcare & Emerging Themes

🏢 Company Developments — Key Updates Solar Industries — Omnia Changes the Mix: The proposed acquisition expands the international mining-explosives footprint and opens markets for cross-selling Solar’s products. The team’s pro-forma estimate puts defence at approximately 11% of combined FY26 revenue, versus 27% for standalone Solar. Defence could recover to around 15% by FY28, while… Read More »September 2026 | Company Deep Dives, Competition, Healthcare & Emerging Themes

August 2026 | Q1FY27 Results, Company Deep Dives, Healthcare, Macro

 📊Q1FY27 Results — Key Prints ASK Automotive — Massive beat: Revenue +52% YoY, EBITDA +33%, PAT +29%; 20% beat on sales, 16% EBITDA beat vs estimates. CMD upgraded FY27 guidance from “mid-teens” to “high-teens” (18-19%). Zero low-margin wheel assembly business now. Karoli alloy wheel plant (HPDC + Japanese tech) now commercially live. Q2 outlook flagged as “very… Read More »August 2026 | Q1FY27 Results, Company Deep Dives, Healthcare, Macro

July 2026 | Q1FY27 Results, Company Deep Dives, Dhan Broker, Macro

 📊Q1FY27 Results — Key Prints TVS Motor — Beat across the board. Revenue ₹139Bn (+38% YoY, 4% ahead of estimates); EBITDA margin 12.8% (101bps beat); PAT ₹11.7Bn (+51% YoY, 20% beat). June 2026 monthly volumes: 47% YoY growth. ASP up 8% YoY reflecting premiumisation.   Sona BLW — Beat vs estimates. Q1FY27 concall highlights: Denso JV now… Read More »July 2026 | Q1FY27 Results, Company Deep Dives, Dhan Broker, Macro

APL Apollo Insights

Interaction with APL Apollo Tubes distributor who handles ~5% of the overall APL Apollo’s volume    Key Learnings:   👷‍♂️Leadership– Sanjay Gupta (Chairman/MD): “One-Man Army”– Brought innovations and adopted technologies faster than competitors– Maintains close connection with distributors    🎖️First Mover Advantage– Early 2000s: Seized opportunity in lightweight structural steel tubes market– Capitalized on increasing demand previously served by… Read More »APL Apollo Insights

Business Operator Vs Investor

For many years now, I have had the good fortune of learning from a lot of good friends, who are giants in their own spheres. More recently,these discussions have become the fulcrum of long evening walks in the bylanes around my house. One such recent conversation with C, which got me thinking, is the discussion… Read More »Business Operator Vs Investor

Buffett on timing

And if there’s a game it’s very good to be in for the rest of your life, the idea to stay out of it because you think you know when to enter it– is a terrible mistake but… You wanna spread the risk as far as the specific companies you’re in by owning a diversified… Read More »Buffett on timing