External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

AU Small Finance Bank Limited / Equity Bottom-Up

<ul><li>Credit growth expected to remain buoyant – AU Small Finance Bank (AUSFB) continues to witness strong credit demand across segments as was visible in Q3FY23.</li><li>The management expects the demand momentum to sustain going forward. We expect the bank to clock a robust advances growth of ~29% CAGR over FY22-25E.</li><li>Asset Quality continues to remain stable – Asset quality trends continue to remain encouraging.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Credit growth expected to remain buoyant – AU Small Finance Bank (AUSFB) continues to witness strong credit demand across segments as was visible in Q3FY23.The management expects the demand momentum to sustain going forward. We expect the bank to clock a robust advances growth of ~29% CAGR over FY22-25E.Asset Quality continues to remain stable – Asset quality trends continue to remain encouraging.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>AUBANK posted 23% YoY growth in net earnings (9% beat) led by lower provisions in 2QFY23.</li><li>However, operating profit came in line with healthy NII growth aided by 30bp QoQ margin expansion to 6.2% during the quarter.</li><li>Gross advances grew strongly at 44% YoY, and deposits rose 49% YoY with healthy traction in CASA deposits.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

AUBANK posted 23% YoY growth in net earnings (9% beat) led by lower provisions in 2QFY23.However, operating profit came in line with healthy NII growth aided by 30bp QoQ margin expansion to 6.2% during the quarter.Gross advances grew strongly at 44% YoY, and deposits rose 49% YoY with healthy traction in CASA deposits.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

AU Small Finance Bank - Operating Performance in Line; Margins Expand Sequentially

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>Nestle India: Nestle reported a beat on revenue while margin was below our expectations</li><li>Domestic revenue growth was at 18%, showcasing an acceleration in its three-year CAGR at 13%</li><li>The growth was led by strong volume and mix across large metros, mega cities, and smaller towns, including rural markets</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nestle India: Nestle reported a beat on revenue while margin was below our expectationsDomestic revenue growth was at 18%, showcasing an acceleration in its three-year CAGR at 13%The growth was led by strong volume and mix across large metros, mega cities, and smaller towns, including rural marketsContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HSIE Results Daily: Nestle India, UltraTech Cement

HSIE Results Daily: Nestle India, UltraTech Cement, IndusInd Bank

<ul><li>AU Small Finance Bank (AUSFB) reported a strong performance in Q2FY23 with a beat across all parameters.</li><li>The key positive during the quarter was the superior growth on both sides of the balance sheet as well as NIM expansion to 6.2% (+20/30bps YoY/QoQ) with CoF remaining under control.</li><li>This was despite systemic rate hikes and benign credit costs which collectively enabled AU SFB to deliver a strong RoA/RoE of 1.8/15.3% (post-considering equity dilution).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

AU Small Finance Bank (AUSFB) reported a strong performance in Q2FY23 with a beat across all parameters.The key positive during the quarter was the superior growth on both sides of the balance sheet as well as NIM expansion to 6.2% (+20/30bps YoY/QoQ) with CoF remaining under control.This was despite systemic rate hikes and benign credit costs which collectively enabled AU SFB to deliver a strong RoA/RoE of 1.8/15.3% (post-considering equity dilution).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

AU Small Finance Bank Ltd - Robust All-Round Performance!

India

AU Small Finance Bank Limited operates as a commercial bank. The Bank offers financial products and services such as savings and current accounts, term deposits, debit cards, insurance, government banking, retail loans, and microfinance lending. AU Small Finance Bank serves customers in India.

AU Small Finance Bank Limited (AUBANK IN)

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AU Small Finance Bank Limited (AUBANK IN)

AU Small Finance Bank Ltd -

Credit growth expected to remain buoyant – AU Small Finance Bank (AUSFB) continues to witness strong credit demand across segments as was visible...

Axis Direct

AU Small Finance Bank - Operating Performance in Line; Margins Expand Sequentially

However, operating profit came in line with healthy NII growth aided by 30bp QoQ margin expansion to 6.2% during the quarter.

Motilal Oswal

HSIE Results Daily: Nestle India, UltraTech Cement

Nestle India: Nestle reported a beat on revenue while margin was below our expectationsDomestic revenue growth was at 18%, showcasing an...

HDFC Securities

HSIE Results Daily: Nestle India, UltraTech Cement, IndusInd Bank

Nestle India: Nestle reported a beat on revenue while margin was below our expectationsDomestic revenue growth was at 18%, showcasing an...

HDFC Securities

AU Small Finance Bank Ltd - Robust All-Round Performance!

This was despite systemic rate hikes and benign credit costs which collectively enabled AU SFB to deliver a strong RoA/RoE of 1.8/15.3% (post...

Axis Direct

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