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Bala Subramanian

Analyst

Arihant Capital

Equibles does not estimate personal net worth.

About Bala Subramanian

Bala Subramanian is recorded as Analyst at Arihant Capital. Bala Subramanian has spoken on 20 earnings calls across 16 companies, most recently for Texmaco Rail & Engineering Limited on November 11, 2026. Those appearances were for Afcons Infrastructure Limited, PSP Projects Limited, Cyient DLM Limited, Texmaco Rail & Engineering Limited, Raymond Limited and 11 other companies. The companies whose calls Bala Subramanian spoke on are classified in the Industrials, Technology, Energy and Basic Materials sectors.

Bala Subramanian on recent calls

“Sir, my second question, our export order book nearly 5,800 crore range, and we made a provision nearly some 700 crore as majorly for export-related freight and other things, including Bangladesh orders.”
Analyst — Arihant Capital, Earnings Call for the Quarter Ended September 30, 2026 ·
“Sir, actually, tunneling turnover technically starts in this November onwards. If you look at our depreciation anywhere between 85-90 crore range. But historically, nearly 120 to 130 crore range.”
Analyst — Arihant Capital, Earnings Call for the Quarter Ended September 30, 2026 ·
“Sir, Adhani Group is building out 5 gigawatt of AI infrastructure. I think 1 gigawatt is falling into Maharashtra, especially in Nabi Mumbai side. I think they had an MOU of nearly 50,000 crores with Maharashtra government.”
Analyst — Arihant Capital, Earnings Call for the Quarter Ended September 30, 2026 ·
“Sir, on the first question, especially on the defense side, we have one built-to-spec order. So, I just want to understand, how do you understand, especially on the defense side, whether we are willing to pursue Indian defense offset or TOT program?”
Analyst — Arihant Capital, Earnings Call for the Quarter Ended September 30, 2026 ·
“Sir, my first question, the margin impacted due to one-off revenue mix and product development spend, and how much it impacted in Q2, especially in product development spend, and what is the annual product development budget over the next two to three years, Yes, and whether we are capitalizing or whether we are…”
Analyst — Arihant Capital, Earnings Call ·

Affiliation history

  • Arihant Capital

    Analyst

    Transcript header (unverified)

    Current

Company network

Afcons Infrastructure Limited

Engineering & Construction · Industrials

3 appearances Latest appearance 2026-11-05

PSP Projects Limited

Engineering & Construction · Industrials

2 appearances Latest appearance 2026-11-02

Cyient DLM Limited

Aerospace & Defense · Industrials

2 appearances Latest appearance 2026-10-15

Texmaco Rail & Engineering Limited

Railroads · Industrials

1 appearance Latest appearance 2026-11-11

Raymond Limited

Specialty Industrial Machinery · Industrials

1 appearance Latest appearance 2026-10-28

Avalon Technologies Limited

Electronic Components · Technology

1 appearance Latest appearance 2026-08-05

GPT Infraprojects Limited

Engineering & Construction · Industrials

1 appearance Latest appearance 2026-08-03

Deep Industries Limited

Oil & Gas E&P · Energy

1 appearance Latest appearance 2026-07-29

TITAGARH RAIL SYSTEMS LIMITED

Railroads · Industrials

1 appearance Latest appearance 2026-06-01

Jupiter Wagons Limited

Railroads · Industrials

1 appearance Latest appearance 2026-06-01

India Glycols Limited

Chemicals · Basic Materials

1 appearance Latest appearance 2026-05-18

Ideaforge Technology Limited

Aerospace & Defense · Industrials

1 appearance Latest appearance 2026-05-04

Schaeffler India Limited

Auto Parts · Consumer Cyclical

1 appearance Latest appearance 2026-02-25

PNC Infratech Limited

Engineering & Construction · Industrials

1 appearance Latest appearance 2026-02-10

Cummins India Limited

Specialty Industrial Machinery · Industrials

1 appearance Latest appearance 2026-02-05

Symphony Limited

Furnishings, Fixtures & Appliances · Consumer Cyclical

1 appearance Latest appearance 2026-01-29

Recent activity

  • Earnings call

    Earnings Call for the Quarter Ended September 30, 2026

    Texmaco Rail & Engineering Limited

  • Earnings call

    Earnings Call for the Quarter Ended September 30, 2026

    Afcons Infrastructure Limited

  • Earnings call

    Earnings Call for the Quarter Ended September 30, 2026

    PSP Projects Limited

  • Earnings call

    Earnings Call for the Quarter Ended September 30, 2026

    Raymond Limited

  • Earnings call

    Earnings Call

    Cyient DLM Limited

  • Earnings call

    Earnings Call

    Afcons Infrastructure Limited

  • Earnings call

    Earnings Call for the Quarter Ended June 30, 2026

    Avalon Technologies Limited

  • Earnings call

    Earnings Call for the Quarter Ended June 30, 2026

    GPT Infraprojects Limited

  • Earnings call

    Earnings Call

    PSP Projects Limited

  • Earnings call

    Earnings Call for the Quarter Ended June 30, 2026

    Deep Industries Limited

  • Earnings call

    Earnings Call

    Cyient DLM Limited

  • Earnings call

    Earnings Call

    TITAGARH RAIL SYSTEMS LIMITED

Show 8 earlier activities
  • Earnings call

    Earnings Call for the Quarter Ended March 31, 2026

    Jupiter Wagons Limited

  • Earnings call

    Earnings Call

    Afcons Infrastructure Limited

  • Earnings call

    Earnings Call

    India Glycols Limited

  • Earnings call

    Earnings Call for the Quarter Ended March 31, 2026

    Ideaforge Technology Limited

  • Earnings call

    Q4 2025 Earnings Conference Call February 25, 2026 Audio Recording | Call Transcripts

    Schaeffler India Limited

  • Earnings call

    PNC Infratech Limited Q3 FY '26 Earnings Conference Call

    PNC Infratech Limited

  • Earnings call

    Cummins India Limited Q3 FY 2025-'26 Earnings Conference Call

    Cummins India Limited

  • Earnings call

    “Symphony Limited Q3 FY '26 Earnings Conference Call”

    Symphony Limited