External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Air Link Communication / Equity Bottom-Up

<ul><li>Air Link Communication (AIRLINK) announced its FY26 financial results today, where the company reported consolidated earnings of Rs6.2bn (EPS of Rs15.75), up 31% YoY. 4QFY26 EPS stood at Rs6.53, up 36% YoY and 4x QoQ.</li><li>Net sales clocked in at Rs21.4bn, taking full year revenue to Rs89.77bn, down 14% YoY, owing to a decline in mobile phone sales during the year. On a sequential basis, revenue growth was driven by the commencement of Hisense sales in 4QFY26.</li><li>We maintain our BUY stance on AIRLINK. The company is currently trading at an FY26A PE of 7.9x.</li></ul>

Air Link Communication (AIRLINK) announced its FY26 financial results today, where the company reported consolidated earnings of Rs6.2bn (EPS of Rs15.75), up 31% YoY. 4QFY26 EPS stood at Rs6.53, up 36% YoY and 4x QoQ.Net sales clocked in at Rs21.4bn, taking full year revenue to Rs89.77bn, down 14% YoY, owing to a decline in mobile phone sales during the year. On a sequential basis, revenue growth was driven by the commencement of Hisense sales in 4QFY26.We maintain our BUY stance on AIRLINK. The company is currently trading at an FY26A PE of 7.9x.

Hisense Home Appliances Group (000921 CH)

Air Link Communication (AIRLINK) - 4QFY26 EPS at Rs6.53, up 36% YoY and 4x QoQ