February 13, 2026 - ChartAlert®

RRKABEL – Q3 FY26 Earnings Call – 2-Feb-26

RRKABEL rides industry tailwinds with 15–17% growth potential, margin expansion to 10.5% by FY28, and wire & cable dominance. Execution risks, FMEG turnaround, and B2B scaling remain key swing factors shaping profitability.

1–2 minutes

3-Scenario Framework

📊 Base Case (50% Probability)

Commodity prices stabilize; RR Kabel executes phased capex and achieves 18% volume growth. FMEG turns EBIT-positive in Q4 FY26, and export momentum continues. Outcome: Revenue grows 15–17%, EBITDA margins expand 100 bps annually to 10.5% by FY28. Key variable: Copper averages $11,000–12,000/ton; EU tariff benefit materializes in FY27.

ZENTEC – Q3 FY26 Earnings Call – 2-Feb-26

ZENTEC’s FY26–28 growth relies on procurement (60%) and exports (30%), with 30–35% CAGR base case but delay risks. PAT margins pressured by anti-drone (25% vs. 33% simulators), partly offset by R&D/ESG. Key watchpoints: simulator orders by Mar’26, EU pipeline by H2 FY26.

1–2 minutes

3-Scenario Framework

📊 Base Case (50% Probability)

Key variables: (1) Simulator order materializes by March 2026; emergency procurement sustains. (2) Export revenue hits 20% of FY28 topline; EU orders offset US delays.
Outcome: Revenue reaches ₹3,500–4,000 Cr by FY28; margins stabilize at 32–34% PAT. Valuation: 30–35x FY28e EPS, supported by ESG tailwinds and R&D fund access.

GAIL – Q3 FY26 Earnings Call – 2-Feb-26

GAIL’s topline growth (5–10%) hinges on transmission volume recovery and LNG portfolio expansion, while bottomline (PAT +8–20%) and margins (EBITDA ±200 bps) are sensitive to tariff outcomes, HH volatility, and petchem feedstock optimization.

1–2 minutes

3-Scenario Framework

📊 Base Case (50% Probability)

Key Variables: (1) Tariff review approves ₹10–12/MMBTU hike; (2) HH averages $5–6/MMBTU.
Outcome: EBITDA grows 8–10% YoY (₹6,500 → ₹7,000 crore) on transmission volume recovery and tariff upside. Petrochem breaks even; renewables contribute ₹300–400 crore EBITDA. Topline +5%; margins expand 100–150 bps.

BAJAJHFL – Q3 FY26 Earnings Call – 2-Feb-26

Bajaj Housing Finance’s growth hinges on strong disbursements despite attrition, with affordable housing as a key driver. PAT growth looks sustainable if credit costs stay low, though capital volatility and assignment reliance limit upside. NIM stability faces pressure from rising G-Sec yields.

1–2 minutes

3-Scenario Framework

📊 Base Case (50% Probability)

Key Variables: (1) Rate stabilization by H1 FY27, (2) Affordable segment credit costs at 20–25 bps.
Outcome: BT-out normalizes to 15%; Sambhav reaches ₹500 crore/month run rate; NIM holds at 3.9–4%. Financials: AUM growth 18–20%; ROE 12–13%.

BAJFINANCE – Q3 FY26 Earnings Call – 3-Feb-26

Bajaj Finance: AUM growth 21–23% with upside to 26% on execution; ROE 18.5–19.5% capped by credit costs; margins steady with NIM stability and fee normalization, though gold prices and MSME risks remain key profitability swings.

1–2 minutes

3-Scenario Framework

📊 Base Case (50% Probability)

Key Variables: (1) Gold prices stable (USD 4,500–5,000) + (2) MSME 3MOB delinquencies <1.5%.

Topline: AUM growth 21–23%, with gold loan (+30%) and new car finance (+30%) offsetting MSME drag.
Bottomline: ROE 18.5–19.5% as 170 bps credit costs (ECL overlay) and 32–33% opex/NTI (AI efficiencies) normalize.
Margins: NIMs flat at 7.45% COF, fee income at 18–20% YoY.

BHARTIARTL – Q3 FY26 Earnings Call – 6-Feb-26

Bharti Airtel’s performance hinges on tariff repair, Data Center momentum, and digital adjacencies. Outcomes diverge: revenue growth spans 3–10%+, margins swing 48–53%, and EPS shifts from –10% to +15%. Capex discipline, 5G monetization, and regulatory clarity define whether upside or downside prevails.

1–2 minutes

3-Scenario Framework

📊 Base Case (50% Probability)

Key variables: Tariff repair in late 2026; Data Center achieves 20% market share; B2B digital adjacencies scale.
Outcome: Revenue grows 6–8%; EBITDA margins stable at 51–52%; FCF improves as growth capex moderates. Topline: Mid single-digit; bottomline: EPS grows 8–12%.