DustFinance-By Guvi -Removing the Dust from Financial Riddles Through Fundamental Analysis

Indian Railway Catering and Tourism Corporation Limited (IRCTC) Q3 FY26 Analysis – Pros & Cons for Investors IRCTC, the only authorized online railway ticketing platform of Indian Railways, has delivered record-breaking Q3 FY26 results . With strong growth across ticketing, catering, Rail Neer, and tourism segments, the company continues to demonstrate operational resilience and high profitability. Let’s analyze IRCTC from an investor’s point of view based on the latest earnings call. 📊 Q3 FY26 Financial Highlights Revenue: ₹1,449 crore (↑ 18.2% YoY) EBITDA: ₹465 crore EBITDA Margin: 32.1% PAT: ₹394 crore (↑ 15.5% YoY) Highest-ever revenue and profitability in company history The growth was driven by strong performance in Internet Ticketing, Catering (especially Vande Bharat trains), Tourism, and Rail Neer . 🔎 Segment-Wise Performance Breakdown 1️⃣ Internet Ticketing (Core Profit Engine) Revenue: ₹401 crore (↑ 13.2% YoY) EBITDA Margin: 85% ...

 HAL Q3 FY26 Results: Profit Up 29%, Dividend Announced – Is HAL Stock a Long-Term Buy? Hindustan Aeronautics Limited Q3 FY26 Results: Profit Surges, Dividend Declared, and Long-Term Growth Outlook Keywords: HAL Q3 FY26 results, HAL dividend 2026, Hindustan Aeronautics stock analysis, HAL earnings, defence stocks India, HAL share outlook HAL Q3 FY26 Results: Key Highlights India’s leading defence PSU, Hindustan Aeronautics Limited (HAL) , reported strong financial results for the quarter ended 31 December 2025 . The company delivered solid revenue growth, a sharp rise in profit, and announced an interim dividend—reinforcing its position as a top defence stock in India.] Quarterly performance (Q3 FY26): Revenue from operations: ₹7,69,887 lakh  Net profit: ₹1,85,172 lakh  Earnings per share (EPS): ₹27.69  On a year-on-year basis: Revenue growth: ~11%  Net profit growth: ~29%  The profit growth significantly outpaced revenue growth, indicating improved ...

  Canara Bank Q3 FY26 Results Analysis: Record Profit, Strong Retail Growth & Asset Quality Turnaround Canara Bank Q3 FY26 results analysis: ₹5,155 crore profit, 31% retail growth, GNPA at 2.08%, strong recoveries. Is CANBK a buy in 2026? Canara Bank Q3 FY26 Results – Key Highlights Canara Bank delivered one of its strongest quarters in recent years, showing robust profitability, improving asset quality, and strong retail-led credit growth. 📊 Financial Performance (Q3 FY26) Net Profit: ₹5,155 crore (+25.61% YoY) Operating Profit: ₹9,119 crore (+16.36% YoY) Global Business: ₹27.1 lakh crore (+13.23% YoY) Advances Growth: +13.59% YoY Deposits Growth: +12.95% YoY ROA: 1.13% Credit Cost: 0.64% This marks one of the highest quarterly profits in the bank’s history, supported by strong recoveries and disciplined underwriting. Retail Growth Driving Credit Expansion The biggest positive in Q3 FY26 is aggressive retail expansion. Retail Credit ...

  How Bharat Electronics Limited Is Powering India’s Defence Growth in FY26 India’s defence sector is undergoing a structural transformation — and few companies reflect this shift as clearly as Bharat Electronics Limited (BEL). In its Q3 FY26 earnings call (January 28, 2026), BEL delivered strong growth, robust margins, and a record order book — reinforcing its position as one of India’s most strategic defence electronics companies. Let’s break down what this means for investors, industry watchers, and India’s defence ecosystem. 🚀 Q3 FY26: Strong Growth Momentum Continues BEL reported impressive performance in the first nine months of FY26: Revenue: ₹17,302 crore (↑19% YoY) Profit Before Tax: ₹5,171 crore (↑22% YoY) Profit After Tax: ₹3,845 crore (↑21% YoY) EBITDA Margin: ~30% (vs 28% last year) Order Book: ₹73,450 crore (as of Jan 28, 2026) Despite a strong 9-month margin of ~29%, management maintained full-year EBITDA guidance of 27%, citing product m...

  Ultracab (India) Limited: Pros, Cons & Financial Analysis – Is This Small-Cap Stock Worth Investing In? If you are exploring small-cap opportunities in India’s fast-growing infrastructure and electrical sector, Ultracab (India) Limited may have caught your attention. Listed on the BSE Limited (BSE: 538706), Ultracab operates in the wires and cables manufacturing segment — a sector closely linked to infrastructure growth, real estate expansion, electrification, and industrial demand. But the key question is: Is Ultracab stock a good investment in 2025? Let’s break it down with a data-driven analysis of its pros, cons, financial performance, and overall investment outlook. 📌 Company Overview: Ultracab (India) Ltd Ultracab manufactures electrical wires and cables used across residential, commercial, and industrial applications. The company operates from Gujarat and caters to domestic demand in a competitive but structurally growing industry. The Indian wires & cables sect...

  Jio Financial Services Q3 FY26 Results: AUM Jumps 4.5x, Lending Surges – Is JFSL the Next Financial Giant? Jio Financial Services Limited has reported strong Q3 FY26 earnings, signaling a major operational inflection point. The company’s lending business, asset management venture, and payments ecosystem are now scaling rapidly, with core business income contributing over 55% of total income. Investors are now asking: Is JFSL emerging as India’s next financial powerhouse? Let’s break down the numbers. Jio Financial Services Q3 FY26: Key Financial Highlights Metric Q3 FY26 Total Income ₹901 crore Net Income from Operations ₹386 crore Profit After Tax ₹269 crore Lending AUM ₹19,049 crore AMC AUM ₹15,000 crore The most important takeaway: Operational income is now the primary driver of earnings, reducing reliance on treasury income. Jio Credit Lending Business: 4.5x AUM Growth Jio Financial’s lending subsidiary has shown explosive growth. Assets Under Management (AUM):...

  Jio Financial Services Q3 FY26 Results: Has the Inflection Point Arrived? Jio Financial Services Limited (JFSL) has reported strong Q3 FY26 results, signaling a major operational inflection point in its growth journey. After nearly two years of incubation and ecosystem building, the company’s core businesses are now driving earnings. Here are the key highlights: 🚀 Core Operations Now Driving Growth Net income from business operations surged 320% YoY. Now contributes 55% of total income (vs 20% last year). This marks a structural shift from treasury-led earnings to operational earnings. 📈 Lending Business Growing at Breakneck Speed AUM reached ₹19,049 crore (4.5x YoY growth). Net interest income rose 166% YoY. Cost of borrowing declined to 6.99%. The lending engine is now clearly in acceleration mode. 💰 Jio-BlackRock AMC Scaling Rapidly Within just six months of launch: ₹15,000 crore AUM 10 funds across equity, debt & cash 1 million+...