SBILIFE.NSE

SBI Life Insurance Co. Ltd.

In this briefing: Smartworks Coworking - Enterprise Focused Flex Office Player Nearing Operating Inflection Aequitas: Advanta Enterprises Limited Pre IPO Tearsheet Aequitas: Aditya Infotech IPO Lockup Expiry- Has Continued Its Good Run, Dixon Tech Could Book Gains LG Electronics India (Initiating Coverage): Steering Through Winds of Leadership and Innovation. ADD SBI Life Insurance Co Ltd - Strong Quarter; Business Momentum to Continue! 1. Smartworks Coworking - Enterprise Focused Flex Office Player Nearing Operating Inflection Q3 FY26 revenue grew 34% YoY; normalized EBITDA margin expanded to 17.9%, signalling improving operating leverage. Lease rentals declined to 51.6% of revenue in FY25, reflecting better spread economics and early benefits from variable lease structures. Stock trades at ~9.8x EV/EBITDA. Re-rating hinges on sustained PAT and FCF improvement. 2. Aequitas: Advanta Enterprises Limited Pre IPO Tearsheet Advanta Enterprises Limited (2085631D IN) (AEL) plans to raise around US$500m through offer for sale in its upcoming India IPO.

In this briefing: Aequitas: Aditya Infotech IPO Lockup Expiry- Has Continued Its Good Run, Dixon Tech Could Book Gains LG Electronics India (Initiating Coverage): Steering Through Winds of Leadership and Innovation. ADD SBI Life Insurance Co Ltd - Strong Quarter; Business Momentum to Continue! Maruti Suzuki Ltd - Export Momentum Supports Growth; Domestic Competition Remains Intense Gland Pharma Ltd - Visible Turnaround in Cenexi with Strong Base 1. Aequitas: Aditya Infotech IPO Lockup Expiry- Has Continued Its Good Run, Dixon Tech Could Book Gains Aditya Infotech Ltd (6596564Z IN) (AIL) raised around US$151m in its IPO in August 2025. The lockup on its pre-IPO investors is set to expire soon. AIL is a CCTV/video surveillance provider company offering a range of advanced video security and surveillance products, technologies and solutions for enterprise and consumer segments under its CP PLUS brand. In this note, we will talk about the lockup dynamics and possible placement. 2. LG Electronics India (Initiating Coverage): Steering Through Winds of Leadership and Innovation.

In this briefing: LG Electronics India (Initiating Coverage): Steering Through Winds of Leadership and Innovation. ADD SBI Life Insurance Co Ltd - Strong Quarter; Business Momentum to Continue! Maruti Suzuki Ltd - Export Momentum Supports Growth; Domestic Competition Remains Intense Gland Pharma Ltd - Visible Turnaround in Cenexi with Strong Base TVS Motor Co Ltd - Twin Growth Drivers: EV Expansion & Export Strength 1. LG Electronics India (Initiating Coverage): Steering Through Winds of Leadership and Innovation. ADD We initiate coverage on LG Electronics India (LG) with an ADD rating and a TP of INR 1,545 per share, valuing it at 38x Mar-28E AEPS We like LG for its market leadership in core product categories, strong brand equity, consistent technological innovations and product launches, healthy balance sheet, robust return ratios, and low working capital needs LG is a leading player in washing machines, refrigerators, panel televisions, and inverter ACs. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

Jan 28 (Reuters) - India's SBI Life Insurance reported a near 5% rise in third-quarter profit on Wednesday, aided by higher premium collection on tax cut-spurred retail demand for insurance products.