B Manikanta Reddy

Because in markets, as in life, Luck favors the prepared mind.

[Saiyam Pathak @SaiyamPathak]

All set for Next Sunday - Local AI and Infra meetup!
So stoked for the awesome meetup - We got over 500+ registrations. Huge Thanks to E2E Networks, Jarvis Labs, vCluster and Hrittik for the groundwork.
See you in Bengaluru, Next Sunday!
Lets talk Local AI

[Tehxi @yajnshri]

The Psychology of People Who Cut Everyone Off

[Normal Guy @Normal_2610]

India tried to build battery cell factories with Rs 18,100 crore in subsidies starting 2021. After 5 years, only 2.8% of target capacity got built

Reliance stopped cell manufacturing plans when China blocked battery tech transfer. Ola Electric reached 1.4 GWh against 20 GWh target. Problem was simple. India had no domestic supply of battery parts. Every piece came from China.

New Rs 13,000 crore scheme targets 5 parts that go into cells, cathode materials, anode materials, electrolytes, copper foil, separators. Fix inputs first, then fix outputs

China makes 85% of global anodes, 82% of electrolytes, 74% of separators, 70% of cathodes. Chinese companies hold 80% of copper foil capacity worldwide.

Indian battery makers import all 5 of these parts from China. Old PLI told companies to build giant cell factories. Reliance wanted to license battery tech from Chinese company Hithium. Beijing blocked it by tightening technology export rules.

New scheme says build parts first, cells later. Going from raw inputs upward instead of finished cells downward makes more sense for where India stands.

India will need 700 GWh of battery capacity by 2030, up from 40 GWh in 2025. Grid storage alone requires 236 GWh by 2032.

Country will consume 400,000+ tonnes of cathode materials and 200,000+ tonnes of anode materials yearly by 2030. HEG is building graphite anode plants. Graphite India signed deal with Maharashtra government.

Hindalco is setting up copper foil manufacturing. Rs 13,000 crore component scheme arrives when real manufacturers exist to use it.

In 2021, nobody was ready. In 2026, few companies have started building.

https://t.co/Qf5NmcJwNW

[liminal @Liminal1988]

📌

[PM @Prabinmen]

Dnt force situations

[Oana Labes @IAmOanaLabes]

Gross Profit is not Contribution Margin.

Gross Margin is also not Contribution Margin.

So then what is Contribution Margin?  And how do you use it?

Join my next free live executive masterclass and learn to know which margin is telling you the truth → https://t.co/nM1LGQWZUT

Let’s break it down:

Gross Profit is often used interchangeably with Gross Margin, however

↳ Gross Profit is an amount (difference between Revenue and COGS/COS) 
↳ Gross Margin is a percentage (proportion of Gross Profit out of Revenue)

Meanwhile, the real comparison is between Gross Profit and Contribution Margin.

They may seem alike, but they are distinct metrics with unique insights for profitability analysis.

📌Gross Profit is the revenue from the sales of a product or service, less all direct costs (COGS or COS)

✓ Formula: Gross Profit (GP) = (Revenue/Selling Price - COGS)

✓ Considers: direct materials, direct labor, and manufacturing fixed and variable overheads.

✓ Excludes: variable costs unrelated to production, such as sales commissions or shipping costs.

✓ Reported externally in accordance with GAAP and used to understand the profitability of the entire product or service portfolio

📌Contribution Margin (CM) is the sales price of one unit of a product or service, less all unit variable costs (direct materials, direct labor, and indirect product costs).

✓  Contribution Margin (CM) is (despite its name which suggests a ratio) a measure of absolute value calculated in currency units ($).

✓  Formula: Contribution Margin (CM) = (Sales Price per unit - Variable Cost per unit)

✓  Considers: direct materials, direct labor, variable manufacturing overhead, variable selling and variable marketing.

✓  Used internally by management to make pricing and sales mix optimization decisions, estimate breakeven, optimize for a certain incremental profit.

✓ Doesn’t get reported externally as part of annual financial reporting.

Do you use Contribution Margin in your pricing and profitability analysis?

♦

Follow @IAmOanaLabes for daily strategic finance.

[Larsen & Toubro - Vyoma @LTVyoma]

India’s data centre growth is accelerating, and scale, energy readiness and competitiveness will shape what comes next.

At the #NationalDataCentersSummit 2026, M. Vijaybabu, COO, joins the panel: “Powering India’s Data Centre Growth at Scale”

New Delhi | 26 Aug | 3:05–3:45 PM

[Ronit Pereira @CAronitpereira]

Charlie Munger once said - “Lee Kuan Yew is the greatest nation builder to ever live.”

This 6 minute will explain you why:

[The Cloaked Gaze 👀 @gaze_observer]

W Asia War Doubled Freight Costs: JSL MD — Jindal Steel Shifts Focus to Value-Added Products, Aggressive Export Expansion

Top Priorities — VR Sharma, MD, Jindal Steel Ltd
Volume growth utilising existing 15.6 mt crude steel capacity

Increase production from 9 mt to 12–12.5 mt by FY28

Focus on profitability through value-added and engineered steel — not commodity products

Avoid adding to commodity glut or entering race for capacity expansion

Strengthen human resources to improve organisational capabilities

Export Markets Being Targeted
UK, Oman, UAE on radar

EU important — though quota-related caveat exists

Iran and Ukraine — post-war reconstruction could generate demand

Target: at least 1.5 mt of exports annually — 10–12% of sales; potentially rising to 15% under favourable conditions

Biggest Global Disadvantage — Freight
West Asia crisis has more than doubled freight costs

Freight to Europe: from $40–45 to $80–90 a tonne, sometimes $100

Other routes: from $60 to $100–120

Indian steel rendered uncompetitive globally

China does not face same disadvantage due to its strong shipping network

India needs a stronger shipping fleet

Mines & Minerals Development & Regulation (Amendment) Act
Viewed as a very good step — Parliament addressed industry's problem

Businesses had completed relevant year's operations and closed books

Avoiding retrospective financial burden provides significant relief

Domestic Freight Challenges
Transporting steel to Northeast is difficult

Proposes: high-speed corridor through Bangladesh connecting West Bengal with Northeast

Indian Railways should provide heavy freight subsidy — 50% for goods going to Northeast by rail

If India-Bangladesh relations normalise: would substantially reduce freight costs and develop seven northeastern states

Shift to Value-Added Products
Industry discussing 300 mt of steel capacity — question is where it will be sold

Global markets tougher due to CBAM, reduced quotas, greater protection in markets like the US

Commodity steel will be difficult to export

India will continue consuming steel through infrastructure — but government spending has limitations

More than 60% of production (7 mt out of 12–12.5 mt) should eventually be value-added

Iron Ore & Coking Coal Strategy
Coking coal: all imported; increasing sourcing from Odisha Mining Corporation (OMC) and NMDC

Not looking to acquire iron ore assets; will participate in auctions

Group has coking coal mines in Mozambique

Not pursuing overseas mines — expects Russian coking coal supplies to rise significantly post Russia-Ukraine war

Core Theme
JSL's strategy under VR Sharma is clear — volume without commodity trap: expand capacity utilisation, shift aggressively to value-added and engineered steel, grow exports to FTA markets, and navigate the West Asia freight crisis while pushing for policy solutions on shipping and domestic freight infrastructure.

[kumar saurabh @suru27]

Entero Healthcare has been one company we have been following closely since listing. However, it took us more than 1.5 years to build a point of view on the business model. There was a reason to it. Why? Read the full blog here.
Entero Healthcare: https://t.co/4Btnq4kdyR

[Tushar Sarkar @tsatwork]

MV Electrosystems results look very weak, but this was expected.

As per management, actual revenue from propulsion systems will start from November onwards with sequential QoQ growth. Which means Q2 revenue will also be a wash out.

[RajStockWatch @RajStockWatch]

✍️MV ELECTROSYSTEMS Q1FY27 RESULTS

No one expected any magic in Q1. BUT wasn't it a bit too early, for the company to ask even Rs.425 IPO price? And then on listing, it shot upto Rs.624.

Company is said to have got propulsion system approval an year ago, in Sept 2025.

Around Rs.950Cr orderbook. Claims commercial supplies started in March2026.

There should have been high RM Cost and big negative number (not 0.68Cr) in "Change in Inventory" which would signify big works are already in progress, to ensure delivery starts, in following quarters.

Lot of the raw material components which go into propulsion systems are imported. There is nothing, in there, except regular works.

(Balance sheet at end of Q2 ,should through better light into the situation)

This company may take much longer than expected to start delivering good topline numbers and during that wait period expect price consolidation on negative side.

(And that may be good for investors tracking to enter the stock, at right time)

Agreed?!