Savings Effect

Clean Max Enviro: Guidance -- Concall Update Management does not provide an EBITDA forecast or guidance for the next year, but historically, reported EBITDA has been approximately 1.1x the run rate EBITDA. The company's guidance for new RE power sales capacity addition in FY '26-'27 is at least 1,500 megawatts (1.5 gigawatts). The 1,500 megawatt capacity expected to be added in FY '26-'27 is already 100% contracted at the start of the fiscal year. The pipeline for new contracts is being replenished, with 1,400 megawatts of new contracts signed in FY '25-'26, matching the 1,400 megawatts commissioned in the same period. The mix of wind and solar, and the share of data and AI within the pipeline, is not expected to change based on current observations.

MINISTRY OF RAILWAYS IS PLANNING TO DILUTE 5-10% STAKES IN SIX LISTED RAILWAY PUBLIC SECTOR UNDERTAKINGS AND ANOTHER 2-3% IN ANOTHER LISTED COMPANY THROUGH OFFER-FOR-SALE (OFS) TRANSACTIONS IN FY27, AS PART OF A BROADER PUSH TO MEET A ₹2.62 TRILLION MONETIZATION TARGET UNDER THE NATIONAL MONETISATION PIPELINE (NMP 2.0) - MINT ( IRCTC, IRCON, RITES, OTHER RAIL PSUS )

Crompton Greaves: Guidance -- Concall Update Management aspires to build a INR2,000 crore solar business within the next three to four years. The wires business, branded Crompton Armor, will ramp up for national rollout across the country, leveraging Crompton's existing distribution network. For water heaters, the company is fully prepared for the BEE norms implementation in July, having made required product changes, and plans to mitigate or pass on cost increases. The focus for Butterfly in the coming year will be on gaining traction in non-South markets, leveraging Crompton's service network and brand recognition. The new super-premium Rion product line will utilize a go-to-market strategy involving EBOs, MBOs, large format retail, and e-commerce, leveraging existing EBO platforms and LFR growth.

INOX India: Guidance -- Concall Update Management indicated FY2026 EBITDA margins of 23.8% were in line with or better than previous guidance. For FY2027, the company targets 18% to 20% revenue growth, with quarterly order bookings expected to grow at INR450 crores to INR500 crores. Approximately INR1,200 crores of the current INR1,514 crores order book is expected to be executed in FY2027. The Cryo-Scientific Division expects to secure at least INR50 crores to INR60 crores in orders annually from ITER for the next five years. The new Kandla facility is expected to be commissioned within nine to ten months.

ZYDUS LIFESCIENCES: CO TO ACQUIRE NASDAQ-LISTED ASSERTIO HOLDINGS FOR ₹1,592 CR ($193 MILLION) IN AN ALL-CASH DEAL AT $23.50 PER SHARE, STRENGTHENING ITS PRESENCE IN THE US SPECIALTY AND PAIN MANAGEMENT PHARMACEUTICALS MARKET. - BL

MTAR TECHNOLOGIES: CO SECURES MASSIVE RUPEES 2,279 CRORE INTERNATIONAL ORDERS, STRENGTHENING LONG-TERM REVENUE VISIBILITY

Park Medi World: Guidance -- Concall Update Management targets reaching 5,460 bed capacity by March 2028, with 1,500 beds currently under execution. The total CapEx for the next two years (FY27-FY28) is projected at INR 500 crores, with INR 55 crores planned for the current year (FY27) and INR 250 crores for FY28. The company has strong financial resources, including INR 314 crores in FDs, INR 100 crores in bank accounts, and annual operating cash flow of INR 350 crores, minimizing the need for major debt. The CGHS rate hike is expected to contribute 7-7.5% to revenue for nine months in FY27, with a conservative net impact of 5-6% on total revenue, enabling continued investment in technology and expansion. The newly commissioned Panchkula greenfield facility (April 10, 2026) is not expected to drag margins in FY27, and the Agra unit is projected to add INR 90 crores to the top line and become EBITDA positive in the current year.

UPDATE ON AUTO & AUTO COMPONENT MAKERS: HIGHER PLATINUM IMPORT DUTY IS SET TO INCREASE VEHICLE COSTS, WITH AUTOMAKERS LIKELY TO RAISE PRICES BY ₹2,500–4,000 FOR ENTRY-LEVEL CARS, ₹8,000–12,000 FOR MID-SIZE DIESEL SUVS AND ₹12,000–18,000 FOR STRONG HYBRID MODELS DUE TO HIGHER INPUT COSTS FROM PLATINUM USAGE IN EMISSION CONTROL SYSTEMS. - BL

THE LEELA PALACES HOTELS AND RESORTS: CO CEO IS BETTING ON STRONG DOMESTIC LUXURY TRAVEL DEMAND DESPITE THE WEST ASIA CRISIS, SAYING INDIA’S LUXURY CONSUMER BASE IS EXPANDING 15 - 17% ANNUALLY WHILE PREMIUM HOTEL SUPPLY IS GROWING ONLY IN SINGLE DIGITS, CREATING A STRONG STRUCTURAL DEMAND TAILWIND.- BS

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Kejriwal Urges India's Gen-Z To 'Hit The Streets' Over NEET-UG Paper Leak Arvind Kejriwal has launched a sharp attack on the Modi government over the NEET UG 2026 paper leak controversy. The AAP leader claimed that since 2014, there have been 93 exam paper leaks across India, with the majority occurring in BJP-ruled states like Rajasthan, Uttar Pradesh, Uttarakhand, and Gujarat.

Results of Sagar Cements Good results in Q4FY26, sustainability to track 1️⃣ Volume growth & utilization levels encourgaining 70% capacity utilization levels with volume growth of 8% yoy 2️⃣ Q4FY26 EBITDA/tn +100% yoy at Rs.445/tn (+75% qoq) 3️⃣ Valuations supportive at 40$/tn 4️⃣ Net Debt remains elevated at Rs.1565cr, deleveraging key to track