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Manorama Industries : Revenue up 68.1% YoY at ₹391.34 Cr, up 7.9% QoQ. EBITDA up 38.1% YoY at ₹84.60 Cr, down 18.8% QoQ, EBITDA Margin at 21.6% vs 26.3% YoY and 28.7% QoQ. Consolidated Net Profit up 6.1% YoY at ₹42.48 Cr, down 41.2% QoQ and was down as company booked Rs 317 Cr MTM provision on forex hedging contracts due to currency volatility. Company announced Rs 460 Cr capex plan over 2–3 years for integration, refinery expansion, cocoa butter alternative manufacturing, and a new processing plant in Burkina Faso. Operating cash flow remained strong at Rs 259 Cr, with working capital cycle improving to ~125 days in FY26. FY26 revenue came in at ₹1,357 Cr vs guidance of ₹1,300 Cr, thereby surpassing growth expectations.
Syrma SGS: FY26 revenue growth came in at ~27% YoY slightly below the guided 30% mark but posted a strong beat on EBITDA margins clocking 12% in FY26 vs 10% guided. The beat was led by richer product mix – autos, industrial growing more than 30% YoY and IT and Railways growing more than 70% YoY. Company became Free cash flow positive after a few years which is another positive in our view. Working capital cycle was managed well. However, Syrma and Premier Energy decided not to proceed with the proposed acquisition of K-Solare(operates in solar inverters and ev batteries) which was announced a few qtrs back. Overall Positive
Satin Creditcare Network reported strong Q4 FY26 results with consolidated net profit soaring significantly to ₹162 crore from ₹21.9 crore YoY. Consolidated NII was up 54% YoY as NIMs improved to 15.2% from 14.02% QoQ and 11.33% YoY. Assets under management (AUM) grew 19% YoY and 14% QoQ, reflecting strong growth and operational expansion. Asset quality also improved as GNPA ratio declined to 3.1% versus 3.3% QoQ while NNPA stood at 0.9% versus 1.1% QoQ.
Hindustan Zinc: Shares are trading higher, tracking gains in silver prices. The price of silver jumped 7% the most in a single day since February. The price of silver is about $86.60 up about 7%. Positive read through for Hindustan Zinc. Company and reported a 68% year-on-year jump in consolidated net profit at Rs 5,033 crore for Q4FY26, compared with Rs 3,003 crore a year earlier. Positive
Indian Hotels: Consolidated revenues grew by 14% y-o-y to Rs. 2,765 crore, beating our expectation of Rs. 2,668 crore. Hotel segment revenue grew 14% y-o-y to Rs. 2,452 crore, while Air Catering business reported revenue growth of 13% y-o-y to Rs. 315 crore. RevPar grew by 10% y-o-y to Rs. 13,250 crore, with occupancy higher by 100 bps y-o-y to 78%. Within the hotel segment, room revenue grew by 13% y-o-y to Rs. 1,226 crore, F&B revenue grew 9% y-o-y to Rs. 774 crore, management fees rose by 30% y-o-y to Rs. 223 crore and other operating income (including Atmantan revenue) increased by 31% y-o-y to Rs. 229 crore.
Stock Update: Thermax Q4FY26 Results – Recovering order inflows- Maintain Hold
Stock update: Radico Khaitan Q4FY26 (Consolidated) result update – Strong Q4; outlook positive
Stock update: Godrej Consumer Products Q4FY26 (Consolidated) result update – Homecare drives domestic show; cost stress to persist
Stock Update: Shree Cement– Volume Recovery Gaining Traction
Stock Update: APL Apollo Tubes– Focus on sustaining margins
Lemon Tree Hotels (LTHL): The company has announced the launch of its latest property, Keys Select by Lemon Tree Hotels, Amritsar. The opening strengthens LTHL’s North India footprint with brand’s third hotel in Punjab. The hotel features 50 well-appointed rooms, Keys Café, a boardroom and a fitness center. Positive
NOCIL: Posted weak set of results. Sales was down 2.8% YoY to 330cr. EBITDA fell 38.5% YoY to 21.1.cr and EBITDA margins came in at 6.6% vs 10% in Q425. PAT was down 18.3% at 17cr.