May 19, 2026 - Page 2 of 2

HYUNDAI – Hyundai Motor India – Q4 FY26 Earnings Call – 8-May-26

Hyundai Motor India’s topline growth hinges on new product success and export resilience; bottomline and margins depend on commodity stabilization, pricing power, and capacity utilization—11–14% EBITDA margin guidance remains contingent on execution and macro stability.

1–2 minutes

Also see: HYUNDAI – Hyundai Motor India – Q4 FY26 Financial Results – 8-May-26

3-Scenario Framework

📊 Base Case (60% Probability)

Key Variables: Commodity costs stabilize; 8–10% volume growth achieved via new launches (EV/ICE SUV) and export diversification. EBITDA margin 11–14% supported by pricing, cost controls, and Chennai utilization improvement. Capex execution on track; Pune Phase 2 expands capacity by 2028. EV launch meets volume expectations, aiding CAFÉ 3 compliance.

ABB – ABB India – Q4 FY26 Earnings Call – 8-May-26

ABB’s topline growth hinges on backlog execution and macro stability, while margins remain hostage to forex/commodity volatility and pricing power—structural headwinds offset by cyclical demand resilience in data centers and infrastructure.

1–2 minutes

Also see: ABB – ABB India – Q1 FY26 Financial Results – 8-May-26

3-Scenario Framework

📊 Base Case (60% Probability)

Key Variables: Stable INR, commodity prices plateau, West Asia crisis resolves by H2 2026.
Outcome: Revenue grows 10–12% YoY (backlog execution), margins recover to 14–15% (pricing + volume scale), cash flow remains robust (INR 6,000+ crores). Data center and rail orders sustain momentum, while Automation picks up in H2.

KOTAKBANK – Kotak Mahindra Bank – Q4 FY26 Earnings Call – 2-May-26

Kotak Mahindra Bank’s topline growth (12–15%) hinges on unsecured scaling and fee recovery, while margins face structural pressure (NIM -20–30 bps) and bottomline resilience depends on credit cost containment (40–50 bps).

1–2 minutes

Also see: KOTAKBANK – Kotak Mahindra Bank – Q4 FY26 Financial Results – 2-May-26

3-Scenario Framework

📊 Base Case (50% Probability)

West Asia tensions persist but oil stabilizes at $85–90; monsoon is “below normal” but not severe. NIM compresses 20–25 bps YoY, offset by CASA growth and unsecured momentum. Credit cost normalizes to 45–50 bps. Outcome: ROE at 12–12.5%, PAT grows 8–10% YoY, with stable asset quality.