Where to track management guidance in earnings calls in India in 2026

Quick Answer: Management guidance from Indian earnings calls sits in three places: the investor release, the call audio and the transcript. SEBI's LODR rules require the audio on the company website within 24 hours and the transcript on the website and exchanges within five working days. NSE and BSE announcements hold the filed originals, and Multibagg's Concall Monitor gathers recordings and transcripts in one list.

Guidance is a company's own statement about where it expects revenue, margins or other metrics to land. It is never a forecast by Multibagg or by any research platform, and every figure quoted below is attributed to the company that filed it, with the filing date.

Finding one call is easy. The harder job is lining up what a company's management said in one quarter against what the company reported later, across documents that reach the exchanges on different days.

Which filings and platforms carry earnings-call guidance?

Track guidance in three places: the investor release, the call audio posted within 24 hours, and the transcript due within five working days. Those timelines come from the SEBI Listing Obligations and Disclosure Requirements Regulations, in the consolidated text last amended on 14 July 2026. Four routes lead to these records:

• The exchanges. The NSE corporate announcements page and BSE's equivalent list each filing by company, subject and date. This is the version of record.
• The company's investor-relations page. Audio recordings are often hosted here rather than on the exchange. HCL Technologies' audio notice of 13 July 2026, for example, told the exchanges the recording had been uploaded to its own website.
• An aggregator. Multibagg's Concall Monitor lists calls by company and date, with the audio, transcript, investor presentation and an AI summary where available, and its Upcoming tab is built from the intimations companies file before a call. A free account includes 2 transcript unlocks and 2 audio unlocks a day (per the product page, as of 18 September 2026).
• Other research platforms. Trendlyne keeps a conference-call page for each company with transcripts and AI summaries, Tijori Finance runs a concall summary page, and Screener.in lists concall transcripts among each company's documents (checked 18 September 2026). Coverage and paywalls differ, so match any quoted guidance to the exchange filing.

Whichever route you use, the exchange filing settles any doubt about wording. The company itself submitted it.

What is management guidance?

Management guidance is a company's own published range for a future metric, such as revenue growth or operating margin, over a stated period. On 12 January 2026, HCL Technologies (NSE: HCLTECH) guided FY26 company revenue growth of 4.0% to 4.5% in constant currency and an EBIT margin of 17.0% to 18.0% (Q3 FY26 investor release, filed on BSE). Three details decide how a range should be read:

• The basis. "Constant currency" strips out exchange-rate moves. HCLTech's margin range also excluded a one-time New Labour Codes charge of ₹956 crore at EBIT in Q3 FY26, stated in a footnote to that 12 January 2026 release.
• The scope. On its 13 July 2026 call, HCLTech's CEO said its FY27 range is organic guidance that does not include acquisitions.
• The disclaimer. The same release carries a safe-harbour statement: forward-looking statements may differ materially from results, and the company does not undertake to update them.

Not every company gives a number. Many offer qualitative commentary on demand, pricing, order inflow, capacity or capex, and that commentary is still guidance in the practical sense because it can be checked against later results.

How do managements in India give guidance on earnings calls in 2026?

In 2026, managements in India follow a fixed filing sequence: an advance call intimation, the results and investor release, the live call, then the audio and transcript. The table maps each step to the LODR rule and to HCLTech's Q1 FY27 filings on BSE.

Earnings call filing sequence (SEBI LODR as amended to 14 July 2026; HCLTech filing dates from BSE, as of 15 July 2026)

HCLTech's intimation described a 60-minute audio call at 7:30 pm IST, followed by questions. Any presentation prepared for a call must reach the exchanges before it begins. On the call, HCLTech's chief executive said the company was "retaining our guidance of 1% to 4%" for FY27 revenue growth, alongside the 17.5% to 18.5% margin range. Analysts test the range in the Q&A, so the transcript often explains a number the release states without comment.

Where are concall transcripts filed on NSE and BSE?

Transcripts are filed as corporate announcements on both NSE and BSE, alongside publication on the company website, within five working days of the call. On BSE, HCLTech's transcript of its 13 July 2026 call appears under the subject "Earnings Call Transcript", dated 15 July 2026. To find one at the source:

1. Open the exchange announcements page and search by company name or symbol.
2. Narrow the date range to the week after the results date.
3. Look for subjects naming a transcript, an audio recording or a conference call.

Audio often arrives as a short notice pointing to the company's website, not as a sound file. The earlier intimation tells you when to start looking, and smaller companies file the same kind of notice, as with Horizon Industrial Parks' Q1 FY27 board meeting and investor call.

Deadlines are enforced through disclosure. Under the Regulation 30(6) proviso, a company that files after the Schedule III timeline must include an explanation for the delay, so a missing or late transcript is itself visible in the filing record.

How do you compare guidance with delivery quarter to quarter?

Put each guidance range beside the result the company later reported for the same period, on the same basis. HCLTech's FY26 record shows how, using only its own filings on BSE.

HCLTech FY26 guidance against reported FY26 (company filings; guidance as of 12 January 2026, results as of 21 April 2026)

Those figures come from the HCLTech Q4 FY26 investor release, which also set the FY27 ranges of 1.0% to 4.0% revenue growth and 17.5% to 18.5% EBIT margin. On 13 July 2026 the company retained both and reported a Q1 FY27 EBIT margin of 16.9%, or 17.5% excluding 62 bps of restructuring cost. A simple log keeps this honest:

1. Record the range, the filing date and the basis (currency, one-offs, organic only).
2. Note each revision as retained, raised, narrowed or cut.
3. Match it to the Regulation 33 results for the same period.
4. Read the Q&A for the reasons behind any gap.

Margin guidance is easiest to test when it is stated as a range, as in Atlanta Electricals' FY27 EBITDA margin guidance of 17-18%; keep outside views separate from the company's own range, like the broker commentary in the Ultravolt wires margin outlook.

What is the meaning of a concall?

A concall, short for conference call, is the call a listed company holds with analysts and investors, usually just after its quarterly results. SEBI's LODR Regulations, as amended to 14 July 2026, treat group conference calls, held physically or through digital means, as an analyst or institutional investor meet.

That definition pulls every concall into the disclosure steps set out above: the advance schedule, the presentation, the recording and the transcript. The recording and transcript clause covers post-earnings or quarterly calls "by whatever name called". The label a company uses makes no difference.

In practice a concall has two parts. Management first walks through the quarter, then analysts ask questions, and HCLTech's transcript of 15 July 2026 records both in full. "Concall highlights" and "concall analysis" are later readings of that same record. The transcript is the version to check them against.

Concall Monitor organises calls by financial year and quarter, so a guidance log can be kept without opening each filing. Multibagg's Earnings Tracker lists quarterly results by financial year from FY18 to FY27.

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.