How our AI analysis works
Arthneeti analyzes the earnings calls (concalls) of 1,500+ Indian listed companies. This page shows exactly how a transcript becomes the analysis you read — including a real example you can verify against the original filing — because research you can’t audit is research you shouldn’t trust.
The pipeline
- 1
Source: official transcripts only
Every analysis starts from the company's own earnings-call transcript or investor presentation, filed on BSE/NSE. We never use tips, forums, or third-party commentary as source material.
- 2
Extraction: the same questions, every company
AI reads the full transcript and answers a fixed set of research questions — revenue drivers, margins, capex, order book, fundraising — the same set for all 1,500+ companies, so results are comparable across stocks and quarters.
- 3
Structuring: reported vs guidance, kept separate
Statements are split into what management reported (facts, with numbers) and what management guided (forward-looking). Guidance is never presented as a reported fact — a hard rule enforced in code, not editorial judgment.
- 4
Scoring: quarter-over-quarter comparison
Each quarter's answers are compared against the previous quarter's guidance to build the management scorecard you see on concall pages — did the numbers move the way management said they would.
A real example — verify it yourself
From the Bajaj Finance August 2026 earnings call (transcript filed on BSE). Our research question and the AI’s extracted answer, verbatim as it appears on the site:
Research question
Any current or future fundraising through debt or equity?
Extracted answer
- No immediate plans to raise capital through debt or equity.
- Dividend payments planned, which will improve ROE in Q2 as excess capital reduces.
- Potential capital raising may occur in the future if growth momentum accelerates, but currently not foreseen.
- Possibility of diluting Bajaj Housing Finance (BHFL) stake from 86.7% to 75% as a first step before considering capital raising.
Verify: the original transcript is public on BSE corporate announcements — search “Bajaj Finance” → Aug 2026 earnings-call transcript. Our full analysis: Bajaj Finance on Arthneeti.
Accuracy rules we hold ourselves to
- Source-bound: every claim must come from the transcript itself. If the call didn’t cover a topic, we say “no information” — we never fill gaps.
- Guidance is labelled guidance: forward-looking statements are filtered out of headlines and summaries so a target is never dressed up as a result.
- Same questions for everyone: no cherry-picking which topics to cover per company.
- Errors are fixable by you: spot a wrong extraction? Message the founder directly on WhatsApp (bottom of every page) — verified errors are corrected and the extraction re-run.
What we deliberately don’t do
Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser. We do not give buy/sell recommendations, price targets, or return predictions — and no output on this site should be read as investment advice. We show you what management said and how it compares to what they said before; the judgment is yours.
See it in action on any stock — every analysis links back to its source call.
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