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

Hyundai Motor India Limited Q3 FY26 Results Analysis: Can the SUV King Sustain Its Growth Momentum? Hyundai Motor India Limited (HMIL) has delivered a steady Q3 FY26 performance despite industry-wide demand fluctuations and export volatility. With strong SUV dominance, improved margins, and new capacity expansion at Pune, the company appears strategically positioned for long-term growth. Here’s a detailed investor-focused analysis covering business performance, financial strength, growth triggers, and risks . 🚗 Business Highlights – Strong SUV Leadership Continues 🔥 1. SUV Dominance Remains Intact SUV contribution: ~70% of total sales No.1 in Mid-SUV category for the 10th consecutive year Strong brand positioning and premium mix SUVs remain Hyundai’s profit engine. A higher SUV mix improves margins compared to hatchbacks and sedans. 🚘 2. Successful Launch – The All-New Venue ~80,000 bookings (as of Feb 2, 2026) 48% first-time buyers Strong urban & yo...

Joint Ventures, Subsidiaries, and Associates – A Complete Guide for Investors & Business Owners When analyzing any company — whether for investment , business strategy , or financial reporting — you will often come across terms like Joint Venture , Subsidiary , and Associate Company . Understanding these concepts is crucial because they directly impact a company’s profitability, control, risk exposure, and valuation . Let’s break them down in simple language with examples and investor insights. 1️⃣ What is a Joint Venture (JV)? A Joint Venture (JV) is a business arrangement where two or more companies come together to start a new project or entity , sharing ownership, risks, and profits. Key Features: Shared ownership (often 50:50 or agreed ratio) Shared control Shared profits & losses Created for a specific purpose or project Example: Sony Ericsson was a joint venture between Sony and Ericsson to manufacture mobile phones. Both companies combined t...

Hindustan Copper Limited Expansion Plan Analysis – Can HCL Become a 12 Million Tonne Copper Giant by FY31? Keywords Targeted: Hindustan Copper share analysis, HCL expansion plan 2026, Hindustan Copper FY31 target, PSU copper stock India, copper mining stocks India, HCL future growth, MIC production India India’s only vertically integrated copper mining PSU, Hindustan Copper Limited (HCL) , is entering its most ambitious expansion phase ever. From ~4 million tonnes (MT) ore production to a targeted 12.2 MT by FY31 , this is a potential 3X capacity growth story. But does this translate into shareholder returns? Let’s analyse the investment case, financial impact, risks, and long-term potential .👊 📌 Hindustan Copper Expansion Plan – FY26 to FY31 HCL operates mines across: Rajasthan (Khetri & Kolihan) Madhya Pradesh (Malanjkhand) Jharkhand (Surda, Kendadih, Rakha) 🎯 FY31 Production Target Region Target Ore Production Malanjkhand 5 MT Rajasthan 2.9 MT Jharkhand...

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 ...