This week's calls 8
Every call in the last 7 days in one table: what changed, & the line worth underlining
CompanyWhat changedMargins & guidanceThe line to underlineWhat to monitor
Angel OneCapital Markets · 21 OctConsolidated operating margins expanded to 45.1% from 34.5% year-over-year, an increase of over 1,000 basis points (hundredths of a percentage point; 100 make 1%).Stand-alone operating margin annual basis, FY27 & beyond: Stand-alone operating margins around 45% on annual basisRegulatory changes have impacted market volumes in the quarter, though management expects clarity with recent SEBI circular.HDFC Asset Management CompanyCapital Markets · 21 OctContributing SIP (systematic investment plan: a fixed amount invested in a fund every month) accounts crossed 100 million for the first time during the quarter.ESOP (employee stock options: shares offered to staff) noncash expense for full year, FY27: ESOP noncash expense for full year FY27 around ₹79 crore to ₹80 crore“If you strip out STP and look at SIP alone, our market share has actually gone up”If there is an extended or sustained bear market for a long period, investor behavior & resilience will be tested, though recent years show Indian investors have remained resilient.360 One WamCapital Markets · 21 OctARR retention improved to 79 basis points (hundredths of a percentage point; 100 make 1%) from 74 basis points in Q1, driven by higher carry income.Management expects to exchange $600-650 million in flows through UBS collaboration by March end, with $300-325 million already executed in three months.Market volatility, FPI selling, global rate concerns & geopolitical uncertainty weighed on benchmark indices through the quarter.+5 more calls this weekSee all with Premium ›
From each call's notes, written by AI (Claude) from the transcript & checked against it. Tap a row for the call's notes.