External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

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’s 1QCY23 earnings surprised positively, led by strong revenue performance. However, the margin saw a marginal miss</li><li>Domestic revenue grew 21% YoY while exports grew by 25%</li><li>The growth was led by a healthy balance of pricing, volume and mix (around mid-single-digit volume growth)</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’s 1QCY23 earnings surprised positively, led by strong revenue performance. However, the margin saw a marginal missDomestic revenue grew 21% YoY while exports grew by 25%The growth was led by a healthy balance of pricing, volume and mix (around mid-single-digit volume growth)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.

HSIE Results Daily: Nestle India, Bajaj Auto, AU Small Finance Bank, Persistent Systems

<ul><li>Nestle India: Nestle’s 1QCY23 earnings surprised positively, led by strong revenue performance</li><li>However, the margin saw a marginal miss. Domestic revenue grew 21% YoY while exports grew by 25%</li><li>The growth was led by a healthy balance of pricing, volume and mix (around mid-single-digit volume growth)</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’s 1QCY23 earnings surprised positively, led by strong revenue performanceHowever, the margin saw a marginal miss. Domestic revenue grew 21% YoY while exports grew by 25%The growth was led by a healthy balance of pricing, volume and mix (around mid-single-digit volume growth)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.

HSIE Results Daily - Nestle India, Bajaj Auto, AU Small Finance Bank, Persistent Systems

External broker reports(aggregated public sources), Axis Direct

Axis Direct

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

<ul><li>In Q4FY23, Persistent Systems Ltd (Persistent) reported revenue of Rs 2,254 Cr, up 3.9% QoQ and 3.9% QoQ (in CC terms) which stood in line with our expectations.</li><li>The company’s operating profit stood at Rs 416.3 Cr, reporting a healthy growth of 3.7% on a QoQ basis.</li><li>Much in line with our expectations, the company’s operating margins remained flat 18.5%, largely led by moderation in attrition levels and a reduction in sub conctrating cost during the quarter.</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.

In Q4FY23, Persistent Systems Ltd (Persistent) reported revenue of Rs 2,254 Cr, up 3.9% QoQ and 3.9% QoQ (in CC terms) which stood in line with our expectations.The company’s operating profit stood at Rs 416.3 Cr, reporting a healthy growth of 3.7% on a QoQ basis.Much in line with our expectations, the company’s operating margins remained flat 18.5%, largely led by moderation in attrition levels and a reduction in sub conctrating cost during the quarter.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.

Persistent Systems Ltd - Robust Execution; Resilient Outlook to Support Growth

<ul><li>IT sector is expected to post a soft Q4 on increased macro uncertainty</li><li>We expect tier-1 IT to post growth in the range of -2% to +1% QoQ and mid-tier IT to post growth in the range of -1.4% to 2.6% QoQ CC organic</li><li>Deal flow is expected to be strongly supported by increased cost optimisation deals and vendor consolidation by enterprise clients</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.

IT sector is expected to post a soft Q4 on increased macro uncertaintyWe expect tier-1 IT to post growth in the range of -2% to +1% QoQ and mid-tier IT to post growth in the range of -1.4% to 2.6% QoQ CC organicDeal flow is expected to be strongly supported by increased cost optimisation deals and vendor consolidation by enterprise clientsContent 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.

IT (Q4FY23E Results Preview): Soft quarter; outlook holds the key

IT (Q4FY23E Results Preview) - Soft Quarter; Outlook Holds the Key

India

Persistent Systems Limited offers outsourced software product development. The Company offer services that include testing, support, and professional services.

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Persistent Systems (PSYS IN)

HSIE Results Daily: Nestle India, Bajaj Auto, AU Small Finance Bank, Persistent Systems

Nestle India: Nestle’s 1QCY23 earnings surprised positively, led by strong revenue performance. However, the margin saw a marginal miss

HDFC Securities

HSIE Results Daily - Nestle India, Bajaj Auto, AU Small Finance Bank, Persistent Systems

Nestle India: Nestle’s 1QCY23 earnings surprised positively, led by strong revenue performance. However, the margin saw a marginal miss. Domestic...

HDFC Securities

Persistent Systems Ltd - Robust Execution; Resilient Outlook to Support Growth

In Q4FY23, Persistent Systems Ltd (Persistent) reported revenue of Rs 2,254 Cr, up 3.9% QoQ and 3.9% QoQ (in CC terms) which stood in line with our...

Axis Direct

IT (Q4FY23E Results Preview): Soft quarter; outlook holds the key

We expect tier-1 IT to post growth in the range of -2% to +1% QoQ and mid-tier IT to post growth in the range of -1.4% to 2.6% QoQ CC organic

HDFC Securities

IT (Q4FY23E Results Preview) - Soft Quarter; Outlook Holds the Key

We expect tier-1 IT to post growth in the range of -2% to +1% QoQ and mid-tier IT to post growth in the range of -1.4% to 2.6% QoQ CC organic

HDFC Securities

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