DCBBANK.NSE

DCB Bank Ltd.

In this briefing: Coforge Ltd. - Soft Quarter; Profitability Outlook Remains Intact Gravita India Ltd. - Capacity Expansion Sets the Stage for Earnings Re-Acceleration; Maintain BUY Kotak Mahindra Bank Ltd. - Unsecured Stress Ebbs; NIM Improvement Remains Key Monitorable! DCB Bank Ltd - Steady Quarter; Improving Profitability with Balanced Growth Levers! Exencial Industry Tiding 1. Coforge Ltd. - Soft Quarter; Profitability Outlook Remains Intact Business Vertical Outlook: Management expects a shift in vertical momentum heading into FY27, with Banking potentially reclaiming the top spot for growth among core verticals, while emerging verticals such as Healthcare and High-tech are projected to continue their rapid expansion. Deal Wins/Pipeline: Total order intake stood at $593 Mn during the quarter, with six large deals signed across North America, Europe, and APAC. The executable order book for the next 12 months rose 30.4% YoY to $1.72 Bn, reflecting strong revenue visibility. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: Gravita India Ltd. - Capacity Expansion Sets the Stage for Earnings Re-Acceleration; Maintain BUY Kotak Mahindra Bank Ltd. - Unsecured Stress Ebbs; NIM Improvement Remains Key Monitorable! DCB Bank Ltd - Steady Quarter; Improving Profitability with Balanced Growth Levers! Exencial Industry Tiding India Fintech: Who Survives the PIDF Subsidy Cliff? 1. Gravita India Ltd. - Capacity Expansion Sets the Stage for Earnings Re-Acceleration; Maintain BUY Volumes Constrained by Temporary Factors: Overall volumes recorded a marginal sequential uptick in Q3FY26. Plastics witnessed a sharp rebound, with volumes rising 55% QoQ to 3,162 tonnes. Lead volume growth was below expectations due to delays in capacity expansion. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below. 2. Kotak Mahindra Bank Ltd. - Unsecured Stress Ebbs; NIM Improvement Remains Key Monitorable!

In this briefing: Kotak Mahindra Bank Ltd. - Unsecured Stress Ebbs; NIM Improvement Remains Key Monitorable! DCB Bank Ltd - Steady Quarter; Improving Profitability with Balanced Growth Levers! Exencial Industry Tiding India Fintech: Who Survives the PIDF Subsidy Cliff? Buy the Dip Part 2: What Gold, Bitcoin and the SP500 Reveal About Investor Behaviour 1. Kotak Mahindra Bank Ltd. - Unsecured Stress Ebbs; NIM Improvement Remains Key Monitorable! Unsecured Book Stress Ease; Credit Costs to Continue to Taper: In Q3, KMB witnessed an improvement in asset quality and a decline in credit costs (calc.) from 81bps in Q2 to 66bps in Q3, primarily aided by lower stress in the unsecured book. The stress in the MFI and Personal Loans (PL) portfolio has declined QoQ, while that in the credit card portfolio has plateaued. The management had pointed out stress build-up in the retail CV, and the portfolio is being monitored continuously. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: DCB Bank Ltd - Steady Quarter; Improving Profitability with Balanced Growth Levers! Exencial Industry Tiding India Fintech: Who Survives the PIDF Subsidy Cliff? Buy the Dip Part 2: What Gold, Bitcoin and the SP500 Reveal About Investor Behaviour India: Potential Free Float Changes & Passive Flows in February 2026 1. DCB Bank Ltd - Steady Quarter; Improving Profitability with Balanced Growth Levers! Margins Supported by Lagged Repricing Tailwinds; Improvement Momentum Intact: In Q3, DCB reported a 4bps improvement in NIMs, despite a higher yield compression of 13bps vs a 10bps CoF improvement, and was supported by the partial impact of the CRR cut and lower borrowings. Going ahead, though the CRR impact is not fully priced in and should reflect in Q4 margins, the impact of the Dec’25 repo rate cut is yet to flow through and would be visible on Q4 yields. However, TD repricing is expected to meaningfully flow through till Q2/Q3FY27. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.