Stockrabit · Analysts
Questions across 51 calls

Aditya Mongia

Kotak Securities

InterGlobe Aviation Limited

InterGlobe Aviation Limited CC-Jun26.pdf · 2026-05-29
My first question was more from the perspective of the pricing strategy of the company. I think in light of the fuel and the cost increase that is there, will the pricing be determined more by that or the extent of demand disruption that may end up happening? I think the underlying question over here is somewhere do you want to set a certain price point and the way costs are going to be passed through independent of demand disruption? Or will it be fairly sensitive to what demand disruption can happen?
Understood. The second question that I had was more on what you elaborated earlier on, I think this was Gaurav on the cash aspect and a fairly large cash position, how it's going to be deployed. There is a cost of aircraft ownership. Could you give us a sense of how much of that aircraft ownership cost can be mitigated over time as you use cash to purchase aircraft?
InterGlobe Aviation Limited CC-Jan26.pdf · 2026-01-22
The question that I had was more focused on the guidance for CASK ex-fuel ex-forex for the full year as in it implies a fairly large Y -o-Y growth in the fourth quarter. So, could you elaborate on which line items are actually driving this change in guidance? And are there any one -off effects such as rejoining bonuses that one needs to strip out because it seems as if the fourth quarter CASK ex-fuel ex-forex would be a fairly large number?
Understood. The second question that I had was more on the slots that have been taken by DGCA. Just wanted to understand that, our understanding that this is a temporary loss of slots and by default they are available to be bid for in the summer schedule? Or will the final authority over here will be whatever DGCA says on these slots?
InterGlobe Aviation Limited CC-Jun25.pdf · 2025-07-30
Thank you for the opportunity. I will go ahead with my question. The first one was on load factors. There is a unique position that is emanating on both domestic and international legs for IndiGo as a lead over others. I wanted to check with you whether this is more linked to let's say smart pricing yield management or is that an increasing preference for customers to fly IndiGo versus other elements that you are trying to pick up?
So, let me repeat the question. We have seen in recent months the load factor of IndiGo being much better than that of competition. And this is true in carriers both on domestic and international routes. I wanted to check whether the same is a function of smarter pricing by IndiGo or is there an increased preference that you are seeing of customers traveling IndiGo?

Container Corporation of India Limited

Container Corporation of India Limited CC-Jun26.pdf · 2026-05-26
I had a couple of questions from my side. First one being on JNPT. Sir, you talked about an 18% to 19% year-end number and eventually 30% modal coefficient number. Could you give us a sense of what are low-hanging fruits over here, which can make 18% to 19% happen? Are you -- and then what needs to happen for 30% modal coefficient to happen? And why I'm also asking this question is my sense was that the entire movement that goes from road from JNPT to northern part of the country was 10%-odd. So just trying to get a sense, which are the other routes that you're exploring when you're thinking to 30% modal coefficient?
So just to clarify, what you're saying is that -- or maybe just a clarification here. When you say on the non-DFC routes, Hyderabad, Nagpur, so on and so forth, will there be any which ways impacted by the commissioning of Western DFC? What are the reasons why they would start coming on double stack to JNPT versus them not doing it today?
Container Corporation of India Limited CC-Jun25.pdf · 2025-08-06
Just a clarification to start with. From what I could recall, you gained 200 basis points of EXIM market share in JNPT and you lost 200 basis points of EXIM market share in Mundra. And both these are kind of equally relevant in your port mix. How come have you lost 200 basis points overall in margins? Is it just a growth differential between Mundra and everything else? Or am I missing something over here?
No, no. I'm just saying in market share. So apologies for the confusion. It's market share, not margins, yes. So just that you won as much in JNPT incrementally as you lost in Mundra, and both these are equal heavy weights in your port revenue mix. And how come you've lost 200 basis points on overall margins? I could not get it very well.

Kirloskar Oil Engines Limited

Analysts/Institutional Investor Meet/Con. Call Updates Kirloskar Oil Engines Limited has informed the Exchange about Transcript · 2026-02-12
The first question that I had was more to get a sense of some more insights on the HHP segment. As we understand in this segment, there's a requirement that customers have of, consultants kind of approving the products that the company has. Could you give us a sense of how has that journey been for you? And are you being able to make inroads on that.
The second question that I had was more to better understand market share shifts that may be happening in the LHP front as we see through the relative changes happening, it seems, still seems that on a 2-year basis since CPCB IV happened, the market leader has gained share versus Kirloskar. Some pullbacks are happening right now. But it still seems that a lot has been lost the last 2 years on the LHP side. Do you think that there are scopes of further clawing back market share? Or how do you think about that aspect?
Kirloskar Oil Engines Limited CC-Feb26.pdf · 2026-02-12
The first question that I had was more to get a sense of some more insights on the HHP segment. As we understand in this segment, there's a requirement that customers have of, consultants kind of approving the products that the company has. Could you give us a sense of how has that journey been for you? And are you being able to make inroads on that.
The second question that I had was more to better understand market share shifts that may be happening in the LHP front as we see through the relative changes happening, it seems, still seems that on a 2-year basis since CPCB IV happened, the market leader has gained share versus Kirloskar. Some pullbacks are happening right now. But it still seems that a lot has been lost the last 2 years on the LHP side. Do you think that there are scopes of further clawing back market share? Or how do you think about that aspect?

GMR AIRPORTS LIMITED

GMR AIRPORTS LIMITED CC-Sep25.pdf · 2025-11-14
Thank you all for the opportunity and congratulations on a very strong set of results. Just wanted to understand the non-aero business better. It seems Delhi and Hyderabad have seen meaningful improvements on a Y -o-Y basis, on a Per Pax non -aero spending basis.I think Delhi is up like high teens and Hyderabad is up like 25 -ish% or so. Could you give us a sense that these are kind of sustainable absolute per pax numbers or are they being impacted by mix changes wherein curtailment of capacity and higher international mix are having an impact? I am just trying to kind of see whether these are sustainable numbers because these look fairly high for the second quarter.
So, the current levels are sustainable and 14% -15% growth can then be sustained on the current levels is what you are saying. There is no one -off mixed impact in side numbers, I would want to believe.
GMR AIRPORTS LIMITED CC-Mar25.pdf · 2025-05-23
My first question links to the (traffic) growth we've seen in recent months at the Delhi airport. It started becoming more like a 6% kind of trend. Could you give us a sense of why growth appears to be kind of slowing down in these months - March and April? Because I would want to assume that like Hyderabad, capacity is only expanding. And could you give us a sense of how to kind of then think through about growth happening in Delhi?
Essentially Delhi should be on the stable 5%-6% growth pattern here onwards given the high base

Cummins India Limited

Analysts/Institutional Investor Meet/Con. Call Updates Cummins India Limited has informed the Exchange about Transcript · 2025-11-07
So Shveta, the question that I had was more as in the second time you would have talked about in as many calls about higher competitive intensity in the high horsepower segment. I wanted to get a better color from you as to -- in this segment that we have done very well inside, what are your competitors now doing differently that makes us a little bit more concerned on how this segment kind of pans out for us over time?
Understood. And is this just limited to the high horsepower segment or even, let's say, in the heavy-duty segment, wherein you may still have good market share? Is this starting to become a more broad-based problem for you? I'm just trying to get a sense whether it's a few nodes here and there or more broad-based at a portfolio level higher up?
Cummins India Limited CC-Nov25.pdf · 2025-11-07
So Shveta, the question that I had was more as in the second time you would have talked about in as many calls about higher competitive intensity in the high horsepower segment. I wanted to get a better color from you as to -- in this segment that we have done very well inside, what are your competitors now doing differently that makes us a little bit more concerned on how this segment kind of pans out for us over time?
Understood. And is this just limited to the high horsepower segment or even, let's say, in the heavy-duty segment, wherein you may still have good market share? Is this starting to become a more broad-based problem for you? I'm just trying to get a sense whether it's a few nodes here and there or more broad-based at a portfolio level higher up?
Analysts/Institutional Investor Meet/Con. Call Updates Cummins India Limited has informed the Exchange about Transcript · 2025-08-08
So the question -- the first question was on exports. At least the data that we track, we started seeing QSK38 and QSK50 engines started becoming relevant U.S. exports over the last few months. We also see in the annual report mentions of U.S. kind of open ing up of the market on these nodes. I wanted to understand the tariffs aside, can U.S. start becoming a more sizable share of our sales over the next few years?
Understood. Just a related question to this. From INR1,600 crores, INR1,700 crores run rate of exports, we are now coming back to INR2,000 crores. Should we assume that bulk of this change that has happened, which has happened fairly quickly, is because of share gains and the macro is still as weak as it was in the last year and thus, if it were to change, there would be a second uptick that happens from here on?
Cummins India Limited CC-Aug25.pdf · 2025-08-08
So the question -- the first question was on exports. At least the data that we track, we started seeing QSK38 and QSK50 engines started becoming relevant U.S. exports over the last few months. We also see in the annual report mentions of U.S. kind of open ing up of the market on these nodes. I wanted to understand the tariffs aside, can U.S. start becoming a more sizable share of our sales over the next few years?
Understood. Just a related question to this. From INR1,600 crores, INR1,700 crores run rate of exports, we are now coming back to INR2,000 crores. Should we assume that bulk of this change that has happened, which has happened fairly quickly, is because of share gains and the macro is still as weak as it was in the last year and thus, if it were to change, there would be a second uptick that happens from here on?
Analysts/Institutional Investor Meet/Con. Call Updates Cummins India Limited has informed the Exchange about Transcript · 2025-05-29
I'll go ahead with my question. The first one, you talked about the current run rate in Powergen being 80%, 85% of the usual number. Could you give us a sense of what has been the full year number in this context? And I'm assuming this is only applicable to the CPCB IV portion of Powergen. Could you also give us that number for the full year?
But suffice to say, this should help you grow your Powergen portfolio well into next year, right?

Carborundum Universal Limited

Carborundum Universal Limited CC-Nov25.pdf · 2025-10-31
I just wanted to check with you, sir. So standalone business started to kind of grow over the last 3, 4 years at mid -to-high single-digit more towards mid and high. I'm talking overall business. Could you give us a sense of what needs to change to accelerate the growth to higher levels? That's the first question and linked up to that is of the INR350 crores that you are spending in, is the split a lot more towards existing businesses or is it a lot more towards new lines of work?
Sure. What I was asking was that in that INR350 crores of capex, is it more inclined towards existing lines of work or is there a fairly meaningful share of new lines of work?

ABB India Limited

ABB India Limited CC-Jun25.pdf · 2025-08-04
Thank you for the opportunity. I just wanted to clarify, when we talk about base orders and large orders, are they separate topics, like certain sectors only go for large orders and those are not coming, and thus we should be seeing base orders separately? Just want to get a better sense as to whether a large or der is just a summation of bigger parts of orders, which can also be given up as base orders, and thus the trend should be seen in combination, or should one just focus on base orders separately? Thank you.

Thermax Limited

Thermax Limited CC-Jun25.pdf · 2025-08-01
I will go ahead with my question, sir. The first one is to get a sense of relevance of new products as a proportion of the Industrial Products portfolio. And in my sense, it's like ZLD, heat pumps, electric boilers, energy management. These kinds of things that just started last three years. How much are they contributing to the Industrial Products portfolio today? And…
And can these high-growth businesses make Industrial Products grow faster than the 15% CAGR that you envisaged for in the Infra segment?

JSW Infrastructure Limited

JSW Infrastructure Limited CC-Jun25.pdf · 2025-07-22
Good evening, everyone. I hope I am audible to all. I will go ahead with my questions. The first question that I had was, something that others have also asked. The Jaigarh and Dharamtar, in Fiscal ‘24, did about 47 million tonnes. And we will end FY26 as per your guidance at 45-46. A simple question that I want to ask you is that what is the scope of third-party volume growth of these assets and is it as limited as numbers would suggest over the last few years? And similarly, is captive taking a leg down because of its numbers looking bad or is it third -party which is broadly being absent over there from a growth perspective?
Understood. Maybe a length of question over here. Is there any change in the sourcing pattern of the captive customer which is leading us to see slightly weaker numbers on the captive side? I ask so because in a 2-year basis it seems to be declining quite meaningfully and just wanted to kind of check whether there is any change in sourcing pattern for any of the raw materials that the captive customer requires for itself.