JYOTHYLAB.NSE News

In this briefing: Manappuram Finance Ltd. - Gold Loan Growth Shines... Cholamandalam Investment & Finance Company Ltd. - Strong End to FY26... Jyothy Labs Ltd. - Volumes Drive a Steady Quarter; Maintain HOLD APL Apollo Tubes - Strong Margins Despite Disruptions Vedanta (VEDL IN) Demerger: Index Implications (What Stays, What Goes, When & Size) 1. Manappuram Finance Ltd. - Gold Loan Growth Shines... Gold Loans Remain Undisputed Growth Engine: Manappuram’s Q4 AUM growth was exceptional, driven by robust gold loan growth of 31% QoQ, led by 20% increase in gold prices during the quarter and healthy tonnage growth. Following the new guidelines, the company has introduced consumption loans catering to the household and personal financing needs and income-generating loans designed for small business and livelihood purposes, allowing Manappuram to serve the differing needs of its borrower base more effectively. Additionally, the removal of the requirement for prior regulatory approval to open new branches removes a structural bottleneck, and the management plans to add 500-550 new branches in FY27 in high-growth geographies.

In this briefing: Cholamandalam Investment & Finance Company Ltd. - Strong End to FY26... Jyothy Labs Ltd. - Volumes Drive a Steady Quarter; Maintain HOLD APL Apollo Tubes - Strong Margins Despite Disruptions Vedanta (VEDL IN) Demerger: Index Implications (What Stays, What Goes, When & Size) Bagmane Prime Office REIT IPO: Lower Vacancy, Higher Yield 1. Cholamandalam Investment & Finance Company Ltd. - Strong End to FY26... Credit Costs on an Improving Trajectory: CIFC’s asset quality metrics continue to trend positively, supported by consistent efforts to enhance underwriting accuracy through improved credit filters across product lines. This has already shown results in the form of better portfolio quality in key segments such as Vehicle Finance (VF), Consumer Durables (CD) and CSEL, and is expected to further aid credit cost moderation. Management has guided for credit costs to improve to 1.5% in FY27 vs pre-overlay credit costs of 1.6% in FY26. 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: Jyothy Labs Ltd. - Volumes Drive a Steady Quarter; Maintain HOLD APL Apollo Tubes - Strong Margins Despite Disruptions Vedanta (VEDL IN) Demerger: Index Implications (What Stays, What Goes, When & Size) Bagmane Prime Office REIT IPO: Lower Vacancy, Higher Yield Aequitas: Bagmane Prime Office REIT IPO - Stable Growth, Limited Yield Upside 1. Jyothy Labs Ltd. - Volumes Drive a Steady Quarter; Maintain HOLD Steady Performance led by Volume Recovery: Jyothy Labs reported a steady Q4FY26 performance, with revenue growing 7.6% YoY to Rs 717 Cr, supported by healthy volume growth of 10.8%. Growth was driven by a strong recovery in Fabric Care and Personal Care, which expanded 14.4% and 20.1% YoY, respectively. Demand trends remained stable in rural markets, while urban consumption improved, aided by GST-led affordability benefits. 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: Aequitas: JSW Cement IPO Lockup Expiry - US$180m Lockup Release, But Shares Have Traded Down Aditya Birla Capital (ABCAP IN): Global Index Inclusion & Big Impact HSIE Results Daily: BSE, Navin Fluorine International, The Ramco Cements... Healthcare Global Enterprises Ltd - Guiding Steady Growth Ahead Jyothy Labs Ltd - Volumes Drive a Steady Quarter; Maintain HOLD 1. Aequitas: JSW Cement IPO Lockup Expiry - US$180m Lockup Release, But Shares Have Traded Down JSW Cement Limited (9858514Z IN) raised around US$410m in its IPO in August 2025. The lockup on its pre-IPO investors is set to expire soon. JSW Cement (JSWC) is a cement manufacturing company in India focused on manufacturing green cementitious products comprising blended cement, ordinary portland cement, ground granulated blast furnace slag, among other products. In this note, we will talk about the lockup dynamics and possible placement. 2. Aditya Birla Capital (ABCAP IN): Global Index Inclusion & Big Impact Aditya Birla Capital Ltd (ABCAP IN) will be added to a global index later this month and passive trackers will need to buy a significant number of days of ADV.

In this briefing: Aditya Birla Capital (ABCAP IN): Global Index Inclusion & Big Impact HSIE Results Daily: BSE, Navin Fluorine International, The Ramco Cements... Healthcare Global Enterprises Ltd - Guiding Steady Growth Ahead Jyothy Labs Ltd - Volumes Drive a Steady Quarter; Maintain HOLD Mahanagar Gas Ltd - Largely Inline Q3; Volume Growth on Track 1. Aditya Birla Capital (ABCAP IN): Global Index Inclusion & Big Impact Aditya Birla Capital Ltd (ABCAP IN) will be added to a global index later this month and passive trackers will need to buy a significant number of days of ADV. The impact in terms of delivery volume to buy is much higher and the stock looks underpositioned relative to the estimated passive buying. Aditya Birla Capital Ltd (ABCAP IN) could outperform peers in the short-term and there will be profit taking closer to implementation of the changes. 2. HSIE Results Daily: BSE, Navin Fluorine International, The Ramco Cements... BSE: BSE delivered a strong quarter with revenue rising 16.4% QoQ and 60.8% YoY, led by sustained traction in transaction revenue and strong book-building and listing fees Adjusted PAT (ex-labor laws provision, additional SGF, and impairment) came in at INR 6.5bn vs our estimate of INR 6.2bn Transaction revenue, contributing 77% of total revenue, surged 26% QoQ on continued gains in options market share and recovery in industry volumes 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: HSIE Results Daily: BSE, Navin Fluorine International, The Ramco Cements... Healthcare Global Enterprises Ltd - Guiding Steady Growth Ahead Jyothy Labs Ltd - Volumes Drive a Steady Quarter; Maintain HOLD Mahanagar Gas Ltd - Largely Inline Q3; Volume Growth on Track Embassy Office Parks REIT Ltd - Q3FY26: Strategic Expansion and Rental Upside to Drive Growth 1. HSIE Results Daily: BSE, Navin Fluorine International, The Ramco Cements... BSE: BSE delivered a strong quarter with revenue rising 16.4% QoQ and 60.8% YoY, led by sustained traction in transaction revenue and strong book-building and listing fees Adjusted PAT (ex-labor laws provision, additional SGF, and impairment) came in at INR 6.5bn vs our estimate of INR 6.2bn Transaction revenue, contributing 77% of total revenue, surged 26% QoQ on continued gains in options market share and recovery in industry volumes 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: Yeo Hiap Seng Ltd Initiation Jyothy Labs Ltd - Volumes Drive a Steady Quarter; Maintain HOLD Fraser and Neave Limited Initiation Mahanagar Gas Ltd - Largely Inline Q3; Volume Growth on Track Embassy Office Parks REIT Ltd - Q3FY26: Strategic Expansion and Rental Upside to Drive Growth 1. Yeo Hiap Seng Ltd Initiation Yeo Hiap Seng Limited is a Singapore-based F&B group with operations across Singapore, Malaysia, Cambodia, China, and other international markets. The Group operates two segments: Consumer F&B, covering Asian drinks and food products, and Others, comprising investment properties, equity investments, and property development. Yeo Hiap Seng Ltd is transitioning from volume-led manufacturing toward a brand-led portfolio to improve mix and margins, following the unwind of low-return co-packing exposure. 2. Jyothy Labs Ltd - Volumes Drive a Steady Quarter; Maintain HOLD Steady Growth Led by Volumes: Jyothy Labs delivered a steady Q3FY26 performance, with revenues rising 5% YoY to Rs 740 Cr, underpinned by healthy volume growth of 7.2%.

In this briefing: Yeo Hiap Seng Ltd Initiation Jyothy Labs Ltd - Volumes Drive a Steady Quarter; Maintain HOLD Fraser and Neave Limited Initiation Mahanagar Gas Ltd - Largely Inline Q3; Volume Growth on Track Embassy Office Parks REIT Ltd - Q3FY26: Strategic Expansion and Rental Upside to Drive Growth 1. Yeo Hiap Seng Ltd Initiation Yeo Hiap Seng Limited is a Singapore-based F&B group with operations across Singapore, Malaysia, Cambodia, China, and other international markets. The Group operates two segments: Consumer F&B, covering Asian drinks and food products, and Others, comprising investment properties, equity investments, and property development. Yeo Hiap Seng Ltd is transitioning from volume-led manufacturing toward a brand-led portfolio to improve mix and margins, following the unwind of low-return co-packing exposure. 2. Jyothy Labs Ltd - Volumes Drive a Steady Quarter; Maintain HOLD Steady Growth Led by Volumes: Jyothy Labs delivered a steady Q3FY26 performance, with revenues rising 5% YoY to Rs 740 Cr, underpinned by healthy volume growth of 7.2%.

In this briefing: Jyothy Labs Ltd - Volumes Drive a Steady Quarter; Maintain HOLD Fraser and Neave Limited Initiation Mahanagar Gas Ltd - Largely Inline Q3; Volume Growth on Track Embassy Office Parks REIT Ltd - Q3FY26: Strategic Expansion and Rental Upside to Drive Growth Aditya Birla Fashion & Retail Ltd - New Businesses Offset Cyclical Softness; Maintain HOLD 1. Jyothy Labs Ltd - Volumes Drive a Steady Quarter; Maintain HOLD Steady Growth Led by Volumes: Jyothy Labs delivered a steady Q3FY26 performance, with revenues rising 5% YoY to Rs 740 Cr, underpinned by healthy volume growth of 7.2%. Rural demand remained firm, while urban consumption showed early signs of recovery, aiding a gradual improvement in overall volume momentum. General trade traction improved during the quarter, and quick commerce continued to scale rapidly, emerging as an increasingly relevant growth channel for the company. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.