Upcoming Concalls
About Upcoming Concalls
What can you see in Upcoming Concalls?
The Upcoming Concalls page provides a free, updated view of scheduled conference calls across listed Indian companies. The following details are available:
- Complete concalls data: Each row displays the company name, scheduled date, session time in IST, status, and concall details.
- Index-based filters: Nifty 50 and Sensex concalls are accessible without logging in. Other sector index filters like Nifty Bank, Nifty IT, Nifty Auto, Nifty FMCG, Nifty Healthcare, Nifty Pharma, and more are available after logging in with a Dhan account.
- All stocks view: Dhan account holders can switch to an unfiltered view covering all listed companies with scheduled concalls, not restricted to any index.
- Date range: Narrows the calendar to concalls scheduled within a chosen window.
- Company search: The search bar lets you look up a specific company's scheduled conference call directly.
What are Concalls?
A concall (conference call) is a scheduled audio or webcast session hosted by a listed company after its quarterly earnings announcement. The management team, usually the MD and CEO, CFO, or investor relations head, presents the results, explains key developments of the quarter, and takes questions from participating analysts and shareholders. In India, concalls are not mandated by SEBI but are widely practised among companies with institutional investor coverage.
SEBI has mandated that the presentations and audio/visual materials from these concalls be disclosed on the company's website and to the stock exchange(s) within 24 hours of the event's conclusion or before the next trading session, whichever is sooner. Additionally, companies should make the full transcripts available within 5 business days.
Why Do Companies Host Concalls?
Concalls serve multiple purposes for listed companies, such as:
- Provide context behind the numbers: Financial statements show revenue and profits but do not explain why a metric spiked or dropped. Executives use concalls to offer commentary on market conditions and operational challenges faced by the company.
- Offer future guidance: Management shares forward-looking projections regarding the company's future profit margins, growth targets, and revenue expectations.
- Address market concerns directly: The interactive Question and Answer (Q&A) session allows institutional investors and equity analysts to probe management about risks, industry trends, or capital expenditures.
- Explain major corporate actions: Beyond regular earnings, companies also use concalls to clarify details about major acquisitions, leadership transitions, or structural pivots.
- Fair disclosure & governance: Conference calls are public and are available for all to attend, ensuring that material information is available to all types of investors, not only to institutional desks, as per the SEBI (LODR) regulations.
- Market signalling: Management's tone, specificity, and responsiveness during a conference call often influence how the market interprets earnings, sometimes more than the headline P&L numbers.
How a Concall is Structured?
All concalls generally follow the same structure. Here is the common structure of a concall:
- The safe harbour statement: Every conference call starts with a mandatory legal disclaimer, usually read by the Investor Relations (IR) officer. This statement warns listeners that the upcoming discussion will contain forward-looking statements based on current estimates, which involve risks and uncertainties. This is a standard compliance measure that shields the company from legal liability if its future projections do not materialise.
- The management presentation: Next, top executives (usually the CEO and CFO) present the finalised quarterly financials and revenue drivers, and explain any balance sheet anomalies. More significantly, during these concalls, management provides forward-looking guidance, outlining anticipated capital spending, growth, and market plans for the upcoming quarters.
- The Q&A Session: This is the most valuable segment of the conference call, where the floor opens to shareholders and analysts to ask questions. Analysts use this time to ask management about their concerns. Because the answers are largely unscripted, investors often listen closely to the tone, confidence, or defensiveness of the executives during this segment, as it can be just as revealing as the financial results.
Reading the Columns
Each row in the upcoming concalls table carries the following:
- Date: The scheduled date of the concall.
- Stock: The name of the NSE- or BSE-listed company hosting the call.
- Time: Shows when the call is expected to begin.
- Status: Indicates whether the concall is currently "Upcoming" or "Completed".
- Action: Provides direct, clickable links. For upcoming events, you can view concall details. For completed events, this column often provides a direct link to view the transcript.
How to Use the Table Controls?
The controls on this upcoming concalls calendar help you filter the noise and pinpoint specific management events like:
- Index filters: Nifty 50 and Sensex concalls are accessible without logging in. For other sector-specific concalls like Nifty Bank, Nifty IT, Nifty Auto, Nifty FMCG, Nifty Pharma, and others, you need to log in with a Dhan account.
- All stocks: Switches to an unfiltered view covering all listed companies. Requires a Dhan account.
- Date range: Use the date range to narrow the calendar to concalls within a chosen window.
- Company search: Finds a specific company's scheduled conference call directly from the calendar.
Key Terms to Know
- Concall: Abbreviation for conference call. A meeting where a listed company's management discusses its quarterly performance, future outlook and answers questions from analysts.
- Management commentary: The qualitative description that a company's management provides in addition to the numbers. It is often more forward-looking than the financial statements themselves.
- Guidance: Management's forward-looking statements regarding revenue, margins, volumes or order book, which may change in future quarters.
- Transcript: A written record of the concall, published on the company's website or on the BSE/NSE filing portal within 5 days.
- Q&A session: When analysts ask questions and management answers in real-time.
Why Track Upcoming Concalls on Dhan?
There are multiple benefits to monitoring upcoming concalls on Dhan:
- Index-organised view: The calendar is sorted by the chosen index, so you can focus on specific market segments without switching between different portals.
- Results-season visibility: The volume of concalls increases during results season. The upcoming concalls calendar shows all upcoming events to ensure you don't miss relevant concalls.
- Regular updates: When companies announce or confirm their concall timeline, these are updated regularly on Upcoming Concalls.
Things to Know Before Acting on Concalls
Before drawing conclusions from concall commentary, there are a few considerations:
- Uncertain guidance: Management's projections made on conference calls are subject to change and are based on current conditions. They are not guaranteed forecasts.
- Market reactions can change quickly: The market can react strongly to the management commentary during the concalls, particularly future guidance. However, initial market moves may reverse as analysts question them and don't get satisfactory answers.
- Read the official filings: Concall commentary should be read along with the company's quarterly results filings to understand the reasons behind those financial numbers and what the company expects in the future.
- Concalls are not SEBI-mandated: Conducting concalls is common practice among large and mid-cap companies to build trust and ensure transparency. Smaller companies may not hold them regularly, or at all.
