Kerbside

Arvind DSIJ / 20 Aug 2026 / Categories: DSIJ_Magazine_Web, DSIJMagazine_App, Informed Intelligence, Kerbside, Regular Columns

Kerbside

The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation.

WIRED FOR A RECORD RUN [EasyDNNnews:PaidContentStart]

Polycab India
BSE Code: 542652
CMP: ₹9,140.00 

Polycab India has entered FY27 with a statement. Chairman Inder T. Jaisinghani described the quarter as the company's highest-ever first-quarter revenue and profit performance, and the numbers back that up. Revenue from operations climbed 39 per cent year-on-year to ₹8,210 crore, while consolidated net profit rose 32.8 per cent to ₹797 crore. The Wires and Cables engine kept humming, supported by robust infrastructure demand, while the FMEG business delivered what management called an outstanding quarter, with margins widening on premiumisation and operational efficiency. Copper prices touched record highs during the quarter, yet Polycab managed to offset input cost pressure through effective pricing pass-throughs. Longer-term, the EHV plant commissioning, the UEEPL amalgamation, and the newly incorporated Polycon Infra Projects add fresh legs to the growth story. With over 25 per cent market share in organised cables and Project Spring still unfolding, Polycab looks like a stock with plenty of current left to deliver. 

FLYING INTO HEADWINDS 

InterGlobe Aviation BSE Code: 539448 CMP: ₹5,215.00 

IndiGo reported a consolidated net loss of ₹238 crore for Q1 FY27, reversing a profit of ₹2,176 crore in the year ago quarter, even as revenue from operations rose 20 per cent to ₹24,584 crore. Jet fuel expenses surged 86 per cent year-on-year, overwhelming an otherwise solid top-line performance. The silver lining: excluding foreign exchange movements, the net loss narrowed to just ₹5.6 crore, and the airline ended the quarter with a healthy cash balance of ₹52,885 crore. With 432 aircraft, 97 domestic and 46 international destinations, and demand still intact, the turbulence looks more cyclical than structural. 

OPTICS SHARP, AMBITIONS SHARPER 

Paras Defence & Space Technology
BSE Code: 543367
CMP: ₹1527.65 

Paras Defence delivered a strong Q1 FY27, with net profit rising 42.7 per cent to ₹21.22 crore and revenue jumping 37.3 per cent to ₹128 crore. EBITDA grew 45.4 per cent, with margins expanding to 24.77 per cent from 23.66 per cent a year ago. Optics and Optronic Systems led the charge, with Defence Engineering adding steady gains. But the headline grabber sits beyond the quarterly scorecard. Paras Semiconductors, a subsidiary, signed an MoU with the Madhya Pradesh government to invest ₹6,200 crore in a chip packaging and testing facility in the Indore-Ujjain region, a bold pivot into India's semiconductor ambitions. From lenses to logic chips, Paras Defence is rewriting its own range. 

DRILLING INTO A NEW LEAGUE 

Asian Energy Services
BSE Code: 530355
CMP: ₹463.50 

Asian Energy Services reported a 129 per cent year-on-year jump in net profit to ₹12.8 crore in Q1 FY27, while revenue surged 135 per cent to ₹271 crore. EBITDA grew 81 per cent, and the standalone Order Book stood at ₹1,754 crore. Shareholder approval for the merger with Oilmax has been received, with completion expected by September or October 2026. The deal is set to strengthen its integrated energy platform considerably. The drill is clearly finding pay dirt. 

(Closing price as of August 18, 2026) 

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