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

Endurance Technologies Ltd / Equity Bottom-Up

<ul>
<li>Endurance Technologies Limited serves as a comprehensive solutions provider, specializing in aluminium diecasting, suspension, braking systems, and transmission products.</li>
<li>Distinguished as a Tier 1 supplier, the company caters to renowned Indian and global brands across the spectrum of 2Ws,3Ws and PVs .</li>
<li>The company started its operations with two die-casting machines in 1985 and has grown to 31 manufacturing facilities strategically located near OEMS in India and overseas.</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.


Endurance Technologies Limited serves as a comprehensive solutions provider, specializing in aluminium diecasting, suspension, braking systems, and transmission products.
Distinguished as a Tier 1 supplier, the company caters to renowned Indian and global brands across the spectrum of 2Ws,3Ws and PVs .
The company started its operations with two die-casting machines in 1985 and has grown to 31 manufacturing facilities strategically located near OEMS in India and overseas.

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.

Pick of the Week: Endurance Technologies Ltd - 04 DECEMBER 2023

<ul><li>Endurance Technologies reported consolidated Revenue broadly in line with our estimates, while EBITDA/PAT missed estimates by 8.4%/13.6% respectively.</li><li>Consolidated revenue grew 8% YoY (+4% QoQ), outpacing overall production in the domestic Auto industry growth, which was flat YoY (2W production degrew 1.5% YoY).</li><li>This was supported by higher new car registrations in the EU (+15% YoY). </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.

Endurance Technologies reported consolidated Revenue broadly in line with our estimates, while EBITDA/PAT missed estimates by 8.4%/13.6% respectively.Consolidated revenue grew 8% YoY (+4% QoQ), outpacing overall production in the domestic Auto industry growth, which was flat YoY (2W production degrew 1.5% YoY).This was supported by higher new car registrations in the EU (+15% YoY). 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.

Endurance Technologies Ltd - Q2FY24 EBITDA Miss; Expect Gradual Margin Recovery

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>Given that the festive season this time has been pushed by a month into November, Q2 volume growth appears lower YoY.</li><li>In PVs, while UV demand has held up extremely well, car demand has further decelerated, driving a rich mix for most OEMs.</li><li>CV demand momentum continues to be healthy in Q2. </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.

Given that the festive season this time has been pushed by a month into November, Q2 volume growth appears lower YoY.In PVs, while UV demand has held up extremely well, car demand has further decelerated, driving a rich mix for most OEMs.CV demand momentum continues to be healthy in Q2. 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.

Autos (Q2FY24 Results Preview) - 4Ws to See Margin Boost QoQ

<ul><li>Q1FY24 earnings season was marked by a) Strong domestic macroeconomic environment, b) Sequential improvement in high-frequency indicators, 3) Cool-off in key commodity prices, 4) Easing inflation expectations, and 5) Growth challenges in export-oriented demand.</li></ul><div><ul><li>Moreover, domestic-facing sectors are enjoying economic recovery as well.</li><li>Considering these factors collectively, the Q1FY24 earnings season is likely to deliver positive surprises on the margins front. </li></ul></div>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.

Q1FY24 earnings season was marked by a) Strong domestic macroeconomic environment, b) Sequential improvement in high-frequency indicators, 3) Cool-off in key commodity prices, 4) Easing inflation expectations, and 5) Growth challenges in export-oriented demand.Moreover, domestic-facing sectors are enjoying economic recovery as well.Considering these factors collectively, the Q1FY24 earnings season is likely to deliver positive surprises on the margins front. 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.

<ul><li>ITC: ITC’s Q4 print was largely in-line with Revenue/EBITDA/APAT growing by 7/19/20% vs the expectation of 8/17/17%</li><li>Cigarette revenue/EBIT growth was at 14% each, with volume growth at c.11.5% (4% four-year CAGR)</li><li>A stable tax environment, normalisation in demand, &amp; deterrent action by agencies on illicit trade continue to support cigarette recovery</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.

ITC: ITC’s Q4 print was largely in-line with Revenue/EBITDA/APAT growing by 7/19/20% vs the expectation of 8/17/17%Cigarette revenue/EBIT growth was at 14% each, with volume growth at c.11.5% (4% four-year CAGR)A stable tax environment, normalisation in demand, &amp; deterrent action by agencies on illicit trade continue to support cigarette recoveryContent 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: ITC, State Bank of India, Berger Paints

India

Endurance Technologies Limited designs, develops, manufactures, and exports auto parts. The Company provides casting, suspension, transmission, and braking products for the automobile industry. Endurance Technologies conducts business worldwide.

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Endurance Technologies Ltd (ENDU IN)

Pick of the Week: Endurance Technologies Ltd - 04 DECEMBER 2023

Endurance Technologies Limited serves as a comprehensive solutions provider, specializing in aluminium diecasting, suspension, braking systems, and...

Axis Direct

Endurance Technologies Ltd - Q2FY24 EBITDA Miss; Expect Gradual Margin Recovery

Endurance Technologies reported consolidated Revenue broadly in line with our estimates, while EBITDA/PAT missed estimates by 8.4%/13.6% respectively.

Axis Direct

Autos (Q2FY24 Results Preview) - 4Ws to See Margin Boost QoQ

In PVs, while UV demand has held up extremely well, car demand has further decelerated, driving a rich mix for most OEMs. CV demand momentum...

HDFC Securities

Q1FY24 Consolidated Preview

Considering these factors collectively, the Q1FY24 earnings season is likely to deliver positive surprises on the margins front.

Axis Direct

HSIE Results Daily: ITC, State Bank of India, Berger Paints

ITC: ITC’s Q4 print was largely in-line with Revenue/EBITDA/APAT growing by 7/19/20% vs the expectation of 8/17/17%. Cigarette revenue/EBIT growth...

HDFC Securities

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