ChartAlert®

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This featured post is about ChartAlert, a Real-Time-Enabled and End-of-Day Technical Analysis Advisory, Charting and Scanning Desktop Software

1–2 minutes

ChartAlert® is a Microsoft® Windows® compatible Real-Time-Enabled and End-of-Day Technical Analysis Advisory, Charting and Scanning Desktop Software that complements your trading and investing needs.

ChartAlert features three seamless modules.

1. The Charting module includes Charting and Masks.

2. The Reporting module includes Basic Advisory Content and Market Reports.

3. The Scanning module includes Basic Scanner, Advanced Scanner, RS Matrix & Trend Matrix, Trading Systems Builder and the Backtester.

ACUTAAS – Acutaas Chemicals – Q4 FY26 Financial Results – 30-Apr-26

Acutaas Chemicals’ FY26 delivered ₹1,339 Cr revenue, ₹356 Cr PAT, and ~39% EBITDA margins, placing it in high‑quality specialty chemicals. Debt‑free balance sheet, accelerating trajectory, and ₹33,232L CWIP pipeline support growth. FY27 hinges on WC discipline, margin sustainability post‑expansion, and subsidiary disclosure quality.

1–2 minutes

🔍 Observations

Topline

Revenue surged 33.1% YoY to ₹1,33,937L in FY26, accelerating sharply from the prior base of ₹1,00,668L — sustained by pharma API custom synthesis demand.
Q4 FY26 revenue hit ₹43,275L, up 40.3% YoY vs Q4 FY25’s ₹30,848L — strongest quarter of the year, suggesting momentum is building, not peaking.
Other income jumped 145.6% YoY to ₹4,159L, driven by unrealised FX gains and FD interest — meaningful but non-recurring contributor to total income.

Bottomline

PAT nearly doubled: ₹35,637L in FY26 vs ₹16,042L in FY25 — a 122.2% YoY leap, far outpacing revenue growth, signalling operating leverage kicking in.
Q4 FY26 PAT of ₹13,428L is 114.1% above Q4 FY25’s ₹6,272L — quarterly profitability compounding at an exceptional rate.
Basic EPS grew from ₹19.81 to ₹43.51 (+119.6% YoY) on a near-static share count, confirming profit growth is organic, not dilution-driven.

Margins

EBITDA margin expanded from 24.93% to 38.97% — a 1,404 bps improvement, exceptional for a manufacturing business.
PAT margin widened from 15.94% to 26.61% — cost structure scaling better than revenue, driven by operating leverage on fixed overheads.
Employee cost as % of revenue increased (₹11,758L vs ₹8,366L, +40.6% YoY) — talent investment tracking revenue growth, a manageable trade-off given margin expansion.

Growth Trajectory

Revenue CAGR implied over FY25–26 is 33.1%; PAT CAGR is 122.2% — bottomline is scaling at 3.7x the topline rate, a hallmark of high-operating-leverage specialty chemical businesses.
CWIP more than doubled to ₹33,232L — signals significant capacity additions underway; revenue growth runway is backed by hard assets, not just demand.
Sequential Q3→Q4 FY26 revenue growth of 10.1% and PAT growth of 26.4% confirm the trajectory is accelerating within the fiscal year itself.

JINDALSTEL – Jindal Steel – Q4 FY26 Financial Results – 1-May-26

JINDALSTEL’s FY26 shows 14% production growth, 61% VAS mix, and CWIP transitioning to PPE. Debt‑funded capex compressed FCF and margins, with recurring exceptional losses clouding credibility. FY27 hinges on volume growth vs rising fixed costs; realization per tonne and WC normalization are key re‑rating triggers.

1–2 minutes

🔍 Observations

Topline

Q4FY26 net revenue hit ₹16,218 Cr — a 23% QoQ surge and 23% YoY jump, driven by record steel sales of 2.62 MT (+15% QoQ, +23% YoY).
FY26 net revenue grew 7% YoY (₹49,765 Cr → ₹53,225 Cr), lagging volume growth of 9%, implying mild realization pressure per tonne.
Domestic bias (95% of sales) kept the topline insulated from global steel price volatility; export share stayed thin at 7%.

Bottomline

FY26 PAT rose 18% YoY (₹2,846 Cr → ₹3,361 Cr) despite a ₹871 Cr exceptional loss — underlying earnings quality is improving.
Q4FY26 PAT of ₹1,041 Cr reversed Q4FY25’s loss of ₹304 Cr; Q3FY26 was a weak ₹189 Cr, making Q4 a decisive recovery quarter.
Deferred tax reversal of ₹603 Cr in Q4FY26 flattered reported PAT; pre-exceptional, pre-tax operational profit was ₹1,901 Cr — still a solid QoQ step-up from ₹398 Cr.

Margins

Adjusted EBITDA for FY26 was ₹9,099 Cr on revenue of ₹53,225 Cr → EBITDA margin of 17.1%, down from 18.8% in FY25 (₹9,339 Cr on ₹49,765 Cr).
Q4FY26 adjusted EBITDA of ₹2,647 Cr on revenue of ₹16,218 Cr → Q4 EBITDA margin of 16.3%; Q4FY25 was 17.1% (₹2,251 Cr on ₹13,183 Cr) — year-on-year margin compression persists.
FY26 net profit margin: ₹3,361 Cr ÷ ₹53,225 Cr = 6.3%, up from 5.7% in FY25 — bottomline margin expanded even as EBITDA margin contracted, aided by tax dynamics.

Growth Trajectory

Steel production scaled 14% YoY (8.12 MT → 9.25 MT) with capacity at 15.6 MTPA, leaving meaningful headroom for further volume growth.
EBITDA/tonne of ₹10,482 for FY26 is disclosed; volume-led growth is outpacing realization improvement, signaling a tonnage-first strategy.
Depreciation jumped 15% YoY (₹2,768 Cr → ₹3,171 Cr), reflecting assets commissioned from a ₹10,607 Cr FY25 capex program — growth investment is transitioning to operational output.

ULTRACEMCO – UltraTech Cement – Q4 FY26 Earnings Call – 27-Apr-26

ULTRACEMCO’s topline resilient (7–10% growth) but margins hinge on cost pass-through and West Asia stability; bottomline leveraged to volume scale, premiumization, and capex efficiency.

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3-Scenario Framework

📊 Base Case (50% Probability)

West Asia conflict persists but costs stabilize (pet coke at $150–160/ton, oil at $90–100/bbl). Volume growth at 7–8%, with muted price hikes due to fragmentation. EBITDA/ton at INR1,200–1,250, ICL reaches INR800–900/ton. Dividend payout at 30–35%. EPS grows 10–12% YoY.

TATACAP – Tata Capital – Q4 FY26 Earnings Call – 23-Apr-26

TATACAP’s topline resilience (retail/SME dominance) and margin expansion (high-yield mix) offset cyclical risks (geopolitics, rates), but credit cost discipline and execution in Motor Finance are key swing factors for bottomline growth.

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3-Scenario Framework

📊 Base Case (60% Probability)

Key Variables: Stable macro (7% GDP growth), no major geopolitical escalation, RBI holds rates.
Outcome: AUM grows 23–25%, ROA 2.5–2.7% by FY28, credit costs <1%, NIMs expand 10–15bps via product mix shift. Motor Finance ROA reaches 2% by FY28.

UNIONBANK – Union Bank of India – Q4 FY26 Earnings Call – 23-Apr-26

UNIONBANK’s topline growth (13-14%) outpaces margin stabilization (2.64%+ NIM), with bottomline supported by cost controls, recoveries, and prudent provisioning.

1–2 minutes

3-Scenario Framework

📊 Base Case (60% Probability)

Macro stability with no further rate cuts and moderate geopolitical tensions. Credit grows 13-14%, deposits 8-10% (CASA/retail-driven). NIM stabilizes at 2.65-2.70% as loan repricing offsets deposit costs. Credit cost remains <1%, supported by recoveries (INR 4,000 crores). ROA flat at 1.25-1.30%, EPS growth ~10-12%.

RAILTEL – RailTel Corporation – Q4 FY26 Financial Results – 30-Apr-26

RailTel’s FY26 shows clean finances and government‑backed growth, but 65% project revenue yields thin 3.9% EBIT and quarterly skewness. Telecom’s 26.7% EBIT is the quality core. Receivables up 30% to ₹2,052.9 Cr and negative FCF post‑capex must improve for earnings quality to match PAT.

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🔍 Observations

Topline

Revenue from Operations surged 23% YoY (₹3,477.5 Cr → ₹4,277.5 Cr), with Project Work Services driving 69% of total revenue at ₹2,776.8 Cr (+31.3% YoY).
Q4 FY26 revenue spiked 82.7% QoQ (₹913.4 Cr → ₹1,668.9 Cr), signaling heavy back-end loading — a structural pattern that raises revenue recognition timing risk.
Telecom Services grew steadily at 10.1% YoY (₹1,362.5 Cr → ₹1,500.7 Cr), providing a stable recurring base beneath the volatile project cycle.

Bottomline

PAT grew 15.5% YoY (₹299.8 Cr → ₹346.3 Cr), lagging revenue growth of 23% — margin dilution from project mix.
Q4 FY26 PAT of ₹141.8 Cr represents 40.9% of full-year PAT, confirming acute Q4 concentration risk.
Effective tax rate held steady at ~28.3% (FY26) vs ~28% (FY25); deferred tax credit of ₹9.5 Cr provided modest support.

Margins

EBITDA (PBT + Finance Cost + D&A): FY26 = ₹46,958 + ₹378 + ₹18,889 = ₹66,225 Lakhs → EBITDA margin = 15.5% vs FY25 = ₹40,178 + ₹311 + ₹18,040 = ₹58,529 Lakhs on ₹3,47,750 Cr → 16.8%. Margin compressed ~130 bps YoY.
Net profit margin: FY26 = 34,632 / 4,27,748 = 8.1% vs FY25 = 29,981 / 3,47,750 = 8.6%. Declining despite absolute PAT growth.
Telecom segment EBIT margin: FY26 = 40,025 / 1,50,069 = 26.7% vs FY25 = 30,295 / 1,36,253 = 22.2% — the one segment showing genuine margin expansion (+450 bps).

Growth Trajectory

Project Work Services revenue grew 31.3% YoY but segment EBIT grew only 16.4% (₹9,403 Cr → ₹10,947 Cr), implying cost inflation or lower-margin project mix.
EPS grew 15.5% YoY (₹9.34 → ₹10.79) on an unchanged share count — pure earnings-driven, no dilution.
Other income fell 31.8% YoY (₹73.5 Cr → ₹50.2 Cr), reducing earnings quality as operating leverage fails to fully compensate.

MAZDOCK – Mazagon Dock Shipbuilders – Q4 FY26 Financial Results – 30-Apr-26

Mazagon Dock’s FY26 shows steady topline and strong profitability, but margins compressed, contract liability buffers shrank, and receivables spiked 144%. With negligible debt and ₹13,097 Cr cash/FDs, defence pipeline is sound. FY27 hinges on order inflows and advance replenishment to avert cash flow and margin headwinds.

1–2 minutes

🔍 Observations

Topline

Revenue from ops grew 13.8% YoY (₹11,43,188L → ₹13,00,831L), with Q4 FY26 up 21.3% QoQ and 21.3% YoY — suggesting back-loaded execution.
Other income (₹1,13,940L) contributes ~8.8% of total income, driven by interest on large cash/FD balances; operationally healthy but inflates headline profitability.
Sub-contract costs fell ₹30,376L YoY (₹1,32,102L → ₹1,01,726L), indicating greater in-house execution — a structural positive for revenue quality.

Bottomline

PAT (owners) rose 7.0% YoY (₹2,41,351L → ₹2,58,338L), below revenue growth of 13.8% — margin compression is the key drag.
Q4 FY26 PAT (₹67,918L) was materially weaker than Q3 (₹87,978L) due to elevated other expenses (₹47,671L vs ₹13,995L in Q3) and a provision reversal distortion.
EPS grew 7.0% YoY (₹59.83 → ₹64.04) on unchanged share capital — growth is real but slowing relative to prior cycles.

Margins

PBT margin contracted 190bps YoY (26.8% → 24.9%); PAT margin contracted 120bps (21.1% → 19.9%) — cost inflation outpacing revenue scaling.
Material costs + stock-in-trade rose from 49.7% to 56.4% of revenue — the single biggest margin headwind; raw material intensity is structurally rising.
Q4 PBT margin (20.6%) is the weakest quarter of FY26, flagging execution cost spikes or provisions catching up at year-end.

Growth Trajectory

3-year revenue CAGR implied from FY25–FY26 alone is 13.8%; sustainable if order book remains strong, but margin trajectory needs monitoring.
Provisions swung sharply: ₹71,742L in FY25 → ₹35,623L in FY26 — a ₹36,119L tailwind to PBT that partly explains why profits grew despite margin compression.
Contract liability fell 33.5% (₹15,49,439L → ₹10,30,293L), signalling active order execution — revenue pipeline converting, but advance replenishment will be key.

HFCL – HFCL Ltd – Q4 FY26 Financial Results – 30-Apr-26

HFCL’s FY26 shows revenue scaling, margin gains, and 4x+ order book, but -₹378 Cr OCF and -₹723 Cr FCF expose cash‑conversion risk. Turnkey swung to ₹366 Cr loss and opaque ₹1,830 Cr assets cloud PAT quality. FY27 hinges on OCF recovery and Turnkey margin normalization.

1–2 minutes

🔍 Observations

Topline

Revenue surged 127.8% YoY in Q4FY26 (₹800.72 Cr → ₹1,824.12 Cr) and 21.8% for full-year FY26 (₹4,064.52 Cr → ₹4,949.27 Cr), with Q4 alone contributing 36.9% of annual revenue — signalling heavy back-end loading.
Telecom Products drove FY26 growth, expanding 22.6% YoY (₹2,390.19 Cr → ₹2,931.01 Cr); Turnkey Contracts grew 17.9% (₹1,589.46 Cr → ₹1,875.01 Cr), sustaining diversified revenue streams.
Export revenue exploded ~312% YoY (~₹497 Cr → ~₹2,047 Cr), lifting export mix from ~12% to ~41% of total revenue — a structural shift in the business model.

Bottomline

PAT nearly doubled YoY for FY26 (₹173.26 Cr → ₹329.44 Cr, +90.1%), recovering decisively from a Q4FY25 loss of ₹83.30 Cr to a Q4FY26 profit of ₹184.45 Cr.
PBT grew 97.5% YoY (₹216.59 Cr → ₹427.68 Cr), with tax efficiency improving — effective tax rate dropped from ~20% (FY25) to ~22.9% (FY26) but deferred tax benefit of ₹6.11 Cr aided FY26 PAT.
Basic EPS recovered from ₹1.23 (FY25) to ₹2.13 (FY26), with Q4FY26 alone delivering ₹1.21 vs. a loss of ₹0.56 in Q4FY25.

Margins

EBITDA margin expanded 423 bps YoY (12.47% → 16.70%), while Q4FY26 EBITDA margin reached 18.47% — indicating operating leverage kicking in at scale.
PAT margin doubled from 4.26% to 6.66% (+240 bps) annually; Q4FY26 PAT margin hit 10.11%, the strongest quarterly print, up from -10.40% a year prior.
Finance costs grew 30.8% YoY (₹185.01 Cr → ₹242.06 Cr), partially diluting margin expansion — interest coverage (EBITDA/Finance costs) stands at 3.4x for FY26 vs. 2.7x for FY25.

Growth Trajectory

Order book more than doubled to ₹21,206 Cr (from ₹9,967 Cr), providing ~4.3x revenue cover on FY26 base — strongest forward visibility signal in the dataset.
Sequential Q3→Q4 revenue growth of 50.7% with EBITDA expanding 38.4% suggests execution acceleration, though Q-o-Q EBITDA margin compression (-164 bps) warrants monitoring.
Defence revenue, while small (₹76.70 Cr in FY26), grew 63.6% YoY from ₹46.88 Cr — early-stage scaling in a high-margin, long-cycle vertical.

LAURUSLABS – Laurus Labs Ltd – Q4 FY26 Financial Results – 30-Apr-26

Laurus Labs’ FY26 delivered 23% revenue, 151% PAT, and 170% OCF growth, reducing net debt despite capex. FCF of ₹554 Cr and Q4 EBITDA margin at 28.9% reinforce recovery. FY27 hinges on WC discipline, liability clarity, and CWIP conversion; triple‑digit PAT growth is unrepeatable.

1–2 minutes

🔍 Observations

Topline

Revenue scaled 22.7% YoY to ₹6,812.90 Cr (FY26 vs ₹5,553.96 Cr FY25), marking the strongest annual growth in recent cycles.
Q4 FY26 revenue of ₹1,811.57 Cr grew 5.3% YoY and 1.9% QoQ — sequential momentum is moderating but holding.
Full-year growth was broad-based within the single Pharmaceuticals segment; no sub-segment breakout is available.

Bottomline

PAT nearly tripled YoY: ₹889.85 Cr vs ₹354.41 Cr — a 151% jump driven by operating leverage and a 21% drop in finance costs (₹216 Cr → ₹170.73 Cr).
Q4 PAT of ₹281.91 Cr grew 20.5% YoY and 11.4% QoQ, confirming consistent quarterly earnings acceleration.
Effective tax rate held steady at ~24.7% (FY26 292.03 Cr on PBT of 1,181.88 Cr), providing no artificial PAT boost.

Margins

EBITDA margin expanded 650 bps YoY to 26.9% (FY26: ₹1,832.66 Cr vs FY25: ₹1,130.38 Cr on ₹5,553.96 Cr revenue); Q4 touched 28.9%, the cycle high.
PAT margin doubled from 6.5% to 13.1% — operating leverage amplified by deleveraging-driven interest savings.
Employee costs rose faster than revenue (24.5% YoY: ₹895.45 Cr vs ₹719.52 Cr), the one structural margin headwind to monitor.

Growth Trajectory

The PAT CAGR inflection is steep: ₹354 Cr → ₹890 Cr in one year signals a recovery cycle, not steady-state growth — base effects will moderate future YoY prints.
Capex stepped up sharply to ₹1,069.95 Cr (FY26) vs ₹641 Cr (FY25), signaling capacity investment for the next growth leg.
CWIP nearly doubled to ₹773.28 Cr vs ₹458.36 Cr — future depreciation drag is building; revenue from new assets is not yet visible.

VEDL – Vedanta Ltd – Q4 FY26 Financial Results – 29-Apr-26

Vedanta’s FY26 marks an earnings inflection: 32%+ EBITDA margins, Q4 PAT nearly doubled, and debt metrics improved. Demerger unlocks value but adds charges and discontinuity. Dividend‑heavy policy, rising capex, and WC deterioration heighten risk; sustainability hinges on execution, NCI drag, and tax escalation.

1–2 minutes

🔍 Observations

Topline

Combined (continuing + discontinued) revenue surged to ₹1,74,075 Cr in FY26 vs ₹1,50,725 Cr in FY25 — a 15.5% YoY jump driven by Copper (+34.8%), Silver (+60.8%), and Aluminium (+12.5%) segments.
Q4 FY26 total segment revenue hit ₹52,011 Cr vs ₹40,284 Cr in Q4 FY25 (+29.1% YoY), with sequential growth of 12.6% over Q3 FY26 — acceleration is broad-based, not segment-specific.
Copper segment revenue crossed ₹31,069 Cr in FY26 (up from ₹23,051 Cr), making it the second-largest revenue contributor among continuing operations.

Bottomline

Total net profit after tax rose to ₹25,096 Cr in FY26 vs ₹20,535 Cr in FY25 (+22.2% YoY); profit attributable to Vedanta owners grew from ₹14,988 Cr to ₹17,391 Cr (+16.0%).
Q4 FY26 PAT of ₹9,352 Cr nearly doubled Q4 FY25’s ₹4,961 Cr (+88.5%), the sharpest quarterly jump in the dataset — driven equally by continuing (₹4,250 Cr) and discontinued (₹5,102 Cr) operations.
Finance costs fell sharply — from ₹4,197 Cr (FY25) to ₹2,817 Cr (FY26) for continuing operations alone (-32.9%) — directly amplifying bottom-line growth.

Margins

Combined EBITDA margin: Total EBITDA ₹55,976 Cr on total revenue ₹1,74,075 Cr = 32.2% EBITDA margin in FY26 vs ₹43,541 Cr / ₹1,50,725 Cr = 28.9% in FY25 — 330 bps expansion.
Continuing ops operating profit margin improved from 21% (Q4 FY25) to 32% (Q4 FY26), per disclosed ratios — highest in the trailing five quarters shown.
Net profit margin (continuing ops basis per disclosed ratios): 16% in FY26 vs 13% in FY25 — 300 bps improvement, with Q4 FY26 at 21%.

Growth Trajectory

Total EPS (basic) grew from ₹38.97 (FY25) to ₹44.58 (FY26) — 14.4% YoY; Q4 FY26 EPS of ₹17.15 vs ₹8.92 in Q4 FY25 implies annualised run-rate well above FY26 full-year figure.
Aluminium EBITDA surged from ₹17,798 Cr to ₹25,502 Cr (+43.3% YoY) — single largest earnings driver, supporting demerger value unlock thesis.
Silver segment EBITDA and revenue are scaling disproportionately fast (revenue +60.8% YoY), suggesting a structural ramp-up rather than commodity price tailwinds alone.