Automobile & Auto Ancillaries
|
Company |
Revenue |
PAT Growth |
Revenue Growth |
Watch Factor |
|---|---|---|---|---|
|
Maruti Suzuki IndiaNSE: MARUTI |
Rs 52,426 |
Rs 3,659 (-6.45%) |
28.2% YoY |
Rural demand recovery; SUV mix |
|
CEATNSE: CEATLTD |
Rs 4,219 Cr |
Rs 243.85 Cr |
23.3% YoY |
EBITDA margin reached 14%; strong cost control |
|
Motherson Sumi Wiring IndiaNSE: MSUMI |
Rs 3,335 Cr |
Rs 167 Cr |
32.9% YoY |
EBITDA margin compressed 10.8%-8.2% |
|
Schaeffler IndiaNSE: SCHAEFFLER |
Rs 2,586 Cr |
Rs 316 Cr |
17.55% YoY |
EV transition opportunity; export markets |
Auto and auto ancillaries were evident outperformers in Q4 FY26. The outcome of the CEAT was the highlight of the quarter - EBITDA margin increased to 14% and net profit more than doubled - due to the robust OEM demand and a better management of the costs of rubber. Maruti Suzuki will be the bellwether; the analyst will be interested in the rural versus urban demand signals and its SUV segment momentum. One word of caution: even though the growth in revenue across the ancillaries was strong, the compression in margins at Motherson Sumi is a reminder that the volatility in input costs is very much a live risk.
Metals, Mining & Commodities
|
Company |
Q4 PAT |
YoY Growth |
Revenue |
Key Highlight |
|---|---|---|---|---|
|
VedantaNSE: VEDL |
Rs 6,698 Cr |
+92.3% YoY |
Rs 24,609 Cr (+47.5% YoY) |
Record aluminium production 2,456 kt; zinc & aluminium volume surge |
|
MOIL (Manganese Ore India)NSE: MOIL |
Rs 92.61 Cr |
+2.56% YoY |
Rs 444.49 Cr |
Watch: steel sector demand & ore prices |
|
HEG (Graphite Electrodes)NSE: HEG |
-Rs 113.77 |
+12.42% YoY |
Rs 603.21 Cr |
Graphite electrode pricing trend key watch |
Near-doubling of PAT to Rs 6,698 crore of Vedanta was the metals sector's headline. Revenue jumped 47.5% YoY to Rs 24,609 crore, powered by record aluminium production and zinc volume growth. The company's debt reduction trajectory remains a key investor focus. Commodity prices remain exposed to global slowdown risks and China demand signals - making management guidance on net debt/EBITDA critical for FY27 positioning.
Infrastructure, Cement & Ports
|
Company |
Revenue |
PAT |
Revenue Trend |
Key Watch |
|---|---|---|---|---|
|
UltraTech CementNSE: ULTRACEMCO |
Rs 25.799 Cr |
Rs 3,000 Cr |
Volume growth from infra spending |
Realization per bag; power & fuel costs |
|
Adani Ports & SEZ (APSEZ)NSE: ADANIPORTS |
Rs 10,738 Cr |
Rs 3,308-3,329 Cr |
P/E ~25.28; Trade volumes key |
India trade growth; port capacity expansion |
|
SkipperNSE: SKIPPER |
Rs 1,666.58% Cr |
Rs 78.06 Cr |
Revenue +30% YoY |
Power T&D infrastructure; order book quality |
|
Phoenix MillsNSE: PHOENIXLTD |
Rs 1,233 Cr |
Rs 403.35 Cr |
Retail leasing & consumption growth |
Occupancy rates; new mall openings |
The infrastructure and cement sector in India still has sustained construction demand due to the capex push under the Union Budget FY26. Skipper stood out - 60%+ PAT growth on orders of power transmission infrastructure. Adani Ports continues to be a trade-volume bellwether; the signals on port throughput will be used to indicate whether the momentum of exporting to India held through the January-March quarter despite the global headwinds.
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