Varinder Bansal 🇮🇳

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Varinder Bansal 🇮🇳

Varinder Bansal 🇮🇳

@vbomkara

Founder: Omkara Capital. Ex- Fund Manager. Ex-Head Of Research & Corporate Editor, CNBC India. Mission: Building wealth slowly, steadily but surely with Omkara

Mumbai Katılım Şubat 2012
2.3K Takip Edilen454.2K Takipçiler
Varinder Bansal 🇮🇳 retweetledi
Narendra Modi
Narendra Modi@narendramodi·
I thank my brother HH Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, for the special gesture of receiving me at Abu Dhabi airport. I look forward to our discussions towards furthering India-UAE ties across key sectors like energy, investment, supply chains and more. @MohamedBinZayed
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Varinder Bansal 🇮🇳
Some Imp Concalls: 4QFY26 - 15th May 2026 · Muthoot Finance: FY27 AUM growth guided at 15% (10-year consistent target); yields ~20.8% on rising borrowing costs; medium-term ROA target 3.5%. New RBI LTV framework (up to 85% vs ~75% prior) unlocks product structuring flexibility and growth capacity, offsetting competitive pressure. · DLF: FY27 pre-sales target held at Rs20,000cr, sustained by Dahlias (Rs5,000cr), Mumbai launches, and Goa pipeline. Demand resilient despite geopolitical/AI headwinds; some leasing deferrals noted but management confident on closure. · Voltas: FY27 guidance cautious: margin recovery characterized as 'gradual' despite record March sales and positive April-May secondary offtake momentum · Tata Motors PV: FY27 India PV targets industry-beating growth via supply ramp; JLR focuses on launch excellence and margin restoration post-restructuring. Investor Days scheduled June 17 (JLR) and June 23 (India PV) signal near-term strategic clarity and guidance updates ahead · JSW steel: FY27 consolidated production guided at 29.75 MT (+13% YoY) and sales at 28.6 MT (+10%), backed by 7-9% domestic demand growth expectation. · Senoras Pharma: FY27 guided at 30-40% revenue / 50-60% PAT / 29-31% EBITDA margin — explicitly conservative vs 62% FY26 actual; revision possible in 2 quarters. · Laxmi India Finance: Management guides 30–35% AUM CAGR and 40–45% PAT growth as operating leverage and branch productivity mature · Matrimony.com: FY27 matchmaking billings growth guided at high-single to double-digit; Q1FY27 PAT expected to more than double YoY. Revenue-billings gap to narrow as deferred revenue from one-year packages flows into P&L, boosting reported revenue growth
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Finally 🤞🤞🤞🤞🤞🤞 Bhagwan karein yeh khabar sach ho jaye :)
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What’s cooking? Trump in China. Iran FM Araghchi in India. Israel PM Netanyahu in UAE.
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Some Imp Concalls: 4QFY26 - 14th May 2026 1. Man Infra Investor PPT: ₹5,000+ Crores combined sales target over the next two years (FY26 was Rs 1800 cr only). Largest-ever launch phase in FY27 worth Rs 5,600 cr in Marine Lines, Pali Hill and Tardeo 2. Borosil Renewables: Management declares 32-33% EBITDA margins sustainable on normal basis; quarterly revenue run rate guided at Rs 400-410 crores post-IndAS benefit exhaustion. 3. GSK: EBITDA margins guided broadly stable FY27; vaccines expected to deliver strong double-digit growth as primary growth engine. 4. Tata Motors CV: Q1FY27 at least single-digit volume growth guided; April 2% price hike taken but full pass-through withheld to protect demand. 70,000-unit Indonesia order (Yodha/Ultra T.7) secured; 5,000+ STU bus orders won — strong export and fleet pipeline visible. 5. Crompton Greaves Consumer: Solar rooftop targeting Rs 2,000 crore portfolio by FY29-30; Rs 500 crore order book already live with 38,000 units in execution pipeline. Consumer electricals demand backdrop stable; Butterfly returned to double-digit growth with 17% revenue rise and positive net cash of Rs 170 crore.
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Varinder Bansal 🇮🇳 retweetledi
Varinder Bansal 🇮🇳
Hike in import duty on gold will be +ve for Gold NBFCs Why? 1. The collateral value will increase for Gold NBFCs. When the duty rises, the domestic price of gold jumps increases. This increases the value of the gold already sitting in the vaults of NBFCs 2. Loan-to-Value (LTV) Headroom: Higher prices lower the LTV ratio for existing loans. For example, if a customer borrowed ₹75,000 against ₹1,00,000 worth of gold, and the gold value suddenly jumps to ₹1,10,000 due to duty hikes, the lender's risk decreases significantly.
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Some Imp Concalls: Q4FY26 - 13th May 2026 1. SPR Auto: Antolin EBITDA targeted from 9-10% acquisition base to 20%+ standalone levels within 3 years via synergies, insourcing, and new programs. 2. Shyam Metaliks: FY27 EBITDA guided ~30% YoY growth (approaching Rs 3,000 crore ±5%), driven by volumes in pellets, CRM, and aluminium plus captive pig iron cost savings. 3. Tanfac: 1st ever concall: FY28 revenue guided Rs 1,600-2,000 cr; existing business EBITDA margins to recover to 15-18%, with HFC-32 adding 3-4 ppts upon ramp. India HFC-32 demand doubling to 45-50 KT in 4-5 years on RAC growth (16-17% CAGR) and low-GWP transition; solar DHF demand rising 6-8x. 4. DRL: FY27 guidance: double-digit base business growth ex-Lenalidomide/Semaglutide; Semaglutide incremental; R&D at 7-8% revenues; capex Rs 2,000 crore. Q4 FY26 was the first post-Lenalidomide cliff quarter; shelf stock hit (Rs 453 crore) now absorbed, reducing near-term drag. 5. Cohance: FY27 guidance: Q1 weakest on revenue and EBITDA; Q2 stable; H2 accelerated growth across all three segments. Middle East logistics disruption and raw material cost escalation pressuring gross margins by 100-150 bps in near term. 6. Dixon: FY27 revenue guided Rs 56,000+ crores (15-17% growth ex-Vivo); absolute profitability rising despite PLI exit and component investment lag. Near-term tone measured; Vivo approval timeline uncertain, backward integration investments creating margin pressure before FY27-28 payoff. 7. V-Guard: FY27 EBITDA margin trimmed to 10% vs prior 11-12%, citing prolonged commodity inflation from West Asia conflict hitting aluminum and polymer costs. 8. Neuland: Management reaffirms 18-20% CAGR over 5-year horizon but warns FY26 margin tailwind from favorable forex will not repeat. No specific quarterly guidance given; management explicitly flagged business lumpiness and advised 10-12 quarter rolling evaluation horizon Sagility: FY27 guidance: low double-digit organic CC growth, 24-25% adj. EBITDA margin (upper end if forex holds), full debt paydown by exit. No explicit Q1FY27 number given; deal timing uncertainty on larger wins suggests uneven quarterly cadence likely in 1H FY27
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What will be your reaction if this happens in India? Labour union asking 15% of operating profits.
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Some Imp Concalls: 4QFY26: 12th May 2026 1. The Indian Hotel: FY27 revenue growth tempered to 12-14% from prior trajectory, explicitly due to West Asia geopolitical headwinds quantified at Rs 40-50 cr Q4 revenue loss 2. Mold-Tek Packaging: FY27 guided at 13-15% value growth, revenue crossing Rs 1,000 crore, EBITDA/kg expanding to Rs 42.5-43 from Rs 40.7. 3. Utkarsh Small Finance Bank: FY27-28 targets set: 25-30% loan growth, credit cost 3% in FY27 declining to 2-2.5% by FY28, ROE exit above 15%. 4. SCI: Management targets 2-3x revenue growth over next 4-5 years, backed by fleet augmentation and strategic JVs advancing. Tanker spot rates elevated but volatile; VLCC earnings ranged $80,000-$150,000/day Jan-Feb, Aframax $47,000-$56,000/day with sharp regional divergence 5. Canara Bank: FY27 advance growth guided at 11-12% but management explicitly expects to exceed it, citing 15.30% FY26 delivery; NIM 2.5-2.6%, ROA 1%+ 6. Oberoi: FY27 launch pipeline of 8+ projects across all quarters; Q1 approvals in-hand, back-half dependent on approval sequencing. 4M sq ft of new business development announced; geographic entry into Gurugram (360 North) signals deliberate pan-India expansion. 7. Birla Corp: FY27 volume growth guided mid-single digit; EBITDA/ton expected ~Rs 800, similar to prior years baseline despite Q4 spike to Rs 1,000. No explicit Q1FY27 guidance; macro/geopolitical caution flags near-term uncertainty, implying subdued near-term directional visibility
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Varinder Bansal 🇮🇳
Varinder Bansal 🇮🇳@vbomkara·
Some Imp ConcallsL 4QFY26 - 10th May 2026 1. Northern ARC: FY27 AUM growth guided firmly at 22-25% (3x GDP), with ROA 3%+, ROE mid-to-high teens (15-17%), and credit costs 2.7-2.8% 2. Bank of Baroda: Loan growth guidance raised to 12-14% (from 11-13%) and deposit growth to 10-12% (from 9-11%) after FY26 actual loan growth beat at 16.2%. 3. Bank of India: FY27 guidance: 15-16% advance growth, global NIM 2.70-2.75% (vs 2.52%), domestic NIM ~3.0%, ROA maintained at 1.0%. 4. Tata Consumer: FY27: double-digit revenue growth + 50-75 bps EBITDA margin expansion guided; A&P spend to step up to 7.5-8.5% vs 6.7% in FY26. 5. Credit Access: FY27 guidance: AUM +20-25%, NIM 12.8-13%, credit cost 3-4%, ROA 4-4.8%, ROE 16-20% — broad recovery. 6. SBI: SBI guides 13–15% credit growth and domestic NIMs above 3% for FY27; credit cost held at 50bps for third consecutive year. 7. Intellect Design: FY27 guidance set at 20% revenue growth and 20-25% EBITDA margins; investments running 2 quarters ahead of revenue realization. 8. Balakrishna Ind: FY27 volume guidance withdrawn due to geopolitical uncertainty; EBITDA margins guided 23-25% long-term but near-term pressure flagged from RM inflation 9. Cera: FY27 revenue guided 18-20%; EBITDA margin 14-15%, a multi-quarter recovery via discount control, not a rapid return to historical 18%+ levels.
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