This week's calls 2
Every call in the last 7 days in one table: what changed, & the line worth underlining
CompanyWhat changedMargins & guidanceThe line to underlineWhat to monitor
Emmvee Photovoltaic PowerElectrical Equipment · 21 OctFinance cost reduced to ₹9.5 crore in Jul–Sep 2026 from ₹55.2 crore in Jul–Sep 2025, following IPO proceeds deployment towards debt repayment.Order book (orders won but not yet delivered) with deliverable portion, next 12-15 months: 5 to 5.5 gigawatt deliverable from 10.4 gigawatt order book in 12-15 monthsALMM (the government's approved list of solar panel makers)-II (Approved List of Models Manufacturers for solar cells) implementation scheduled for December 2026 represents transition risk, though company believes deferment extremely unlikely.Transformers and Rectifiers (India)Electrical Equipment · 21 OctCTC (copper, tandem, coil or transformer core material) backward integration plant commissioning moved from Q2 to before Diwali in Q3, with commercial manufacturing by Jan–Mar 2027.Management expects FY27 revenue growth of 25% & PAT (profit after tax: the final profit) margin of 9% to 10%.Timely availability of certain critical raw materials remains an issue, managed through maintaining large inventory until backward integration plants become operational.From each call's notes, written by AI (Claude) from the transcript & checked against it. Tap a row for the call's notes.