January 30, 2026 - ChartAlert®

PERSISTENT – Q3 FY26 Earnings Call – 20-Jan-26

PERSISTENT sustains 15–20% growth with BFSI, healthcare, and AI as drivers. Margins stay range-bound at 14–16% amid structural pressures, while AI monetization and disciplined cash flow management shape profitability.

1–2 minutes

3-Scenario Framework

📊 Base Case (50% Probability)

Key Variables: Steady macro (NA/EU tech spend +3–5%) + AI tool adoption scales linearly (50–75 bps annual margin tailwind).

Revenue grows 15–17% YoY, driven by BFSI/Healthcare modernization and hi-tech product development. Top 100 clients expand at 18–20% YoY.
EBIT margin stabilizes at 14–15%, with labour code impact offset by AI productivity gains. Operating cash flow recovers to 95–100% of PAT as DSO normalizes to 55 days.
EPS rises to ₹30–32, supporting dividend hikes (₹24–26/share) and selective M&A for AI/data capabilities.

DLF – Q3 FY26 Earnings Call – 19-Jan-26

DLF’s topline resilient (FY26 guidance intact; FY27 pipeline robust), margins protected by pricing power and cost discipline, but execution risks (GRAP, RERA, contractors) cap near-term upside; FCF growth hinges on RERA unlock and land monetization timing.

1–2 minutes

3-Scenario Framework

📊 Base Case (50% Probability)

Key Variables: GRAP delays contained (45 days), NRI demand stable, RERA unlock begins FY27.
Outcome: FY26 sales at guidance mid-point (Rs. 21,000 crore); FY27 launches on track (Arbour 2, Westpark, Panchkula). Rental income grows 17% YoY (Rs. 7,400 crore). Dividend payout ratio 75–80% sustained. Stock trades at 1.2–1.3x P/B.

TATACAP – Q3 FY26 Earnings Call – 19-Jan-26

TATACAP’s topline growth (18–20% AUM) and margin stability (NIM 6.6%) are credible, but bottomline upside (PAT growth) hinges on credit cost trajectory (1.0–1.2%) and Motor Finance execution, with structural tech efficiency offsetting cyclical macro risks.

1–2 minutes

3-Scenario Framework

📊 Base Case (50% Probability)

Key Variables: Unsecured retail slippages stabilize; Motor Finance AUM grows 5–7% YoY; housing margins hold at 2.4% ROA.
Outcome: Credit costs trend to 1.0–1.1%; consolidated ROA at 2.0–2.2%. AUM growth at 18–20%. NIM expansion of 5–10bps on funding cost tailwinds.

ICICIBANK – Q3 FY26 Earnings Call – 17-Jan-26

ICICIBANK’s outlook splits into Base Case with NIM steady at 3.0–4.3% and ROE 15–21%; Bear Case with margin compression to 2.8–4.0% and ROE 13–14%; Bull Case with NIM expansion above 3.1–4.4% and ROE 17–22%.

1–2 minutes

3-Scenario Framework

📊 Base Case (50% Probability)

Key Variables: (1) PSL portfolio conformity achieved by H1-2027, limiting provisions to ₹12.83B; (2) Retail deposit repricing offsets 50% of repo cut impacts. Outcome: PBT grows 3–5% YoY (adjusted for provisions), with NIM stable at 4.20–4.30%. Loan growth sustains at 11–12% YoY, led by business banking. RoE holds at 15–16%. Signal: Credit card/personal loan growth recovers to 8–10% YoY by H2-2027.