HSIE Results Daily 05th May'26: Ambuja Cement, Ather Energy, and more Companies Result Analysis

HSIE Results Daily 05th May’26: Cholamandalam Investment and Finance Company, Ambuja Cement, Aditya Birla Capital, Godrej Properties, Ather Energy, CDSL

Cholamandalam Investment & Finance (CIFC)

CIFC delivered a stronger‑than‑expected Q4FY26, supported by NIM improvement, robust other income, and healthy 25% YoY disbursement growth across vehicle finance and new businesses. Asset quality improved with lower delinquencies and stable credit costs. The franchise continues to scale with steady AUM growth and strong return metrics, though global uncertainty poses a near‑term risk to the vehicle finance portfolio.

Ambuja Cement

Ambuja Cement posted steady Q4 volumes, though pricing softness and elevated operating costs kept unit profitability flat. Management is prioritizing cost reduction and channel strengthening, targeting meaningful opex savings over FY26–28. Expansion has been moderated to improve operational discipline. Near‑term cost pressures remain, while controlled capex supports balance‑sheet flexibility amid a stable demand environment.

Aditya Birla Capital (ABCAP)

Aditya Birla Capital reported strong AUM growth across its lending and insurance platforms. The NBFC business expanded steadily, while AMC equity flows improved with rising SIP share. Life insurance margins strengthened on a favourable mix, though overall profitability was moderate. Housing finance saw rapid scale‑up aided by capital infusion. Momentum across verticals supports steady consolidated performance.

Godrej Properties (GPL)

Godrej Properties recorded over INR 100bn in quarterly presales, supported by strong launches and disciplined execution. FY26 saw significant project additions, building visibility for FY27 presales targets. Management expects NCR demand to rebound with new launches, while construction cost pressures remain manageable. Higher-margin projects entering recognition and robust cash flows position the company well for sustained growth.

Ather Energy

Ather continues to scale volumes driven by dealership expansion, with the next growth phase expected from its upcoming affordable EL platform. Near‑term margins may face pressure from geopolitical cost uncertainties, but product upgrades, stronger R&D capabilities, and rising market share support the long‑term trajectory. Capacity expansion and a broader lineup aim to strengthen competitiveness by FY28.

CDSL

CDSL posted a weak quarter as IPO and corporate action revenues declined sharply, weighing on margins. Technology spending remained elevated due to ongoing infrastructure upgrades and regulatory requirements. Core metrics such as demat additions and market share stayed strong, supporting annuity-led revenue stability. Transaction activity may recover alongside broader market conditions, while issuer charges reset provides incremental support.

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