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Stock Update: Thermax Q4FY26 Results – Recovering order inflows- Maintain Hold
Thermax (₹ 4508.5 -0.81% )
12 May 2026, 11:25AM
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.
Manorama Industries (₹ 1416.8 -11.28% )
12 May 2026, 10:11AM
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
Syrma SGS Technology (₹ 1077.45 -3.16% )
12 May 2026, 10:10AM
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.
Satin Creditcare (₹ 230.52 7.38% )
12 May 2026, 9:56AM
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
Hind Zinc (₹ 645.25 2.57% )
12 May 2026, 9:48AMTWEETS BY @Sharekhan
