Which tool summarises earnings calls in India in 2026?
Quick Answer: Several platforms summarise Indian earnings calls, and all of them work from the same filed transcript, which SEBI requires within five working days of the call. A summary is a reading aid, not a disclosure. The transcript filed with NSE and BSE remains the record, and it is free.
Summary tools exist because the raw material is long. A single quarterly call runs to tens of pages of transcript, and a covering investor may follow dozens of companies through a reporting season, each filing its own within five working days of its own call.
Access is not the differentiator. The transcript is a public filing, so what separates the tools is what they choose to pull out of it and whether you can check that against the original document.
Which tool summarises earnings calls in India?
Several do, and each reads the same filed transcript that regulation 46(2)(oa) of SEBI's listing regulations requires within five working days of the call ending. Broker research portals, market-data platforms and AI research tools all offer some form of call summary for Indian companies.
Multibagg's Concall Monitor collects earnings calls across covered companies and presents what was said alongside the quarter's numbers. Ask Iris, Multibagg's research assistant, answers questions over the same material.
They are not ranked here, and a summary is not a view on the company. The useful comparison is coverage, how far back the archive runs, and whether the tool shows you the passage it drew a claim from.
What should a good concall summary capture?
Four things the numbers alone do not carry: guidance management gave, the reasons offered for the quarter's results, what analysts pressed on, and what management declined to answer. The transcript exists precisely because that content is not in the results filing.
Guidance is the most-read part and the most easily distorted. A summary that turns a hedged remark about margins stabilising into a firm number has added something the company did not say, which is why the passage matters as much as the point.
The question-and-answer section is where the second-order detail sits. Prepared remarks are drafted; answers are not, as our note on Mphasis's Q1 FY27 board meeting and call illustrates.
What must an Indian company publish after an earnings call in 2026?
Three artefacts on three clocks, under regulation 46(2)(oa) of SEBI's listing regulations, last amended 14 July 2026. The audio recording is due before the next trading day or within 24 hours of the call, whichever is earlier, and a video recording, if one was made, within 48 hours.
The transcript follows within five working days of the call ending, published on the company's website and filed with the exchanges at the same time. It must stay on the website for a minimum of five years, while audio and video carry a floor of two. The presentation is separate again, due under regulation 46(2)(o)(ii) before the call begins.
That mandatory filing is what makes summary tools checkable in India. Whatever a tool says a company said, the source document is public, dated and free within five working days.
How do AI concall summaries work?
They ingest the filed transcript and compress it, usually by section: prepared remarks, guidance, question-and-answer. Inputs are identical. Differences between tools therefore come from processing rather than from any privileged access to the document.
Three failure modes are worth knowing. A model can attribute an analyst's question to management, because both appear as speech in one document. It can turn hedged language into a definite claim. It can miss something raised once and not repeated.
None of these is detectable from the summary alone. That is the argument for a tool that quotes and links back, rather than one that only asserts.
Which document settles which claim (SEBI LODR regulations 46(2) and 33, as amended 14 July 2026)
| What you are checking | Document that settles it | Available within |
|---|---|---|
| What was said, by whom, and whether it was hedged | Transcript | Five working days of the call |
| Tone and emphasis | Audio recording | 24 hours, or before the next trading day |
| Tone on camera, where a call was filmed | Video recording, if any | 48 hours of the call |
| What management chose to put on a slide | Presentation | Before the call begins |
| The quarter's reported figures | Results filing | 45 days of the quarter end |
| A transcript older than five years | The company's own preservation policy | Not guaranteed |
Our guide to where to get earnings call transcripts covers these filing timelines and where each document is posted.
How do you check an AI summary against the transcript?
Take the specific claim, open the filed transcript, and search for the phrase. Because regulation 46(2)(oa) puts the transcript on the company website and on the exchange within five working days, the check costs nothing but the search.
Search the exchange announcements first for a recent quarter. NSE's corporate filings announcements page filters by company and date, and a window from the call date to about a week later will hold it.
Check three things in particular: who said it, whether it was hedged, and whether a number was given or inferred. Our note on Horizon Industrial Parks' Q1 FY27 call is one such filing read against its quarter.
Concall summary vs concall notes: what is the difference?
Summaries compress the whole call. Notes record what one reader found relevant, and the distinction matters because notes are selective by design, so a selective record is never evidence of what management actually emphasised.
Sell-side notes usually add interpretation on top of the call. That interpretation belongs to the analyst who wrote it and, where it amounts to a recommendation, sits under SEBI's research analyst framework.
A tool summary is neither. It restates the document, and where it strays beyond restatement, the filed transcript is what settles the difference, as our note on the Lordsmark update shows in a single-company context.
What does a summary miss that the call carries?
Emphasis, hedging and silence, none of which compresses well. A transcript runs to tens of pages for a single quarter, and the five-working-day filing deadline in regulation 46(2)(oa) means the full document is always available to check against.
Repetition is a signal that summaries flatten. A theme management returns to four times reads the same as one mentioned once, unless the tool preserves the count or quotes the passages.
Refusals are the other loss. When management declines to give a number, that is information about the quarter, and a summary listing only what was answered removes it without leaving a trace.
Read the summary next to the quarter
Calls and reported numbers are two different inputs. Multibagg's earnings tracker collects quarterly results and earnings trends by financial year, so the summary can be read against what the company actually filed.
Disclaimer: This article is for educational and informational purposes only. Multibagg AI is not a SEBI-registered investment adviser or research analyst, and it does not provide investment, financial, legal or tax advice. Nothing here is a recommendation to buy, sell, hold or invest in any security. Market data is shown as of the dates stated and may have changed since. Please consult a SEBI-registered adviser before making any investment decision.
Aaditya Aanand is the founder and CEO of Multibagg AI. An IIT Kanpur alumnus, he has worked across technology and financial markets at Goldman Sachs and American Express. His writing explores investing, markets and AI.