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. 

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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

<ul><li>Aarti Industries Q1FY24 numbers surprised on the PAT front with the company utilising its MAT Credit to negate tax outgo.</li><li>Consolidated Revenue missed our estimate by 8% (down 12%/14% YoY/QoQ).</li><li>EBITDA stood lower (down 28%/ 20% YoY/QoQ) on account of lower RM prices and high employee expenses but beat our estimates by 5.2% as we expected a lower gross margin.</li></ul><p><em>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.</em></p>

Aarti Industries Q1FY24 numbers surprised on the PAT front with the company utilising its MAT Credit to negate tax outgo.Consolidated Revenue missed our estimate by 8% (down 12%/14% YoY/QoQ).EBITDA stood lower (down 28%/ 20% YoY/QoQ) on account of lower RM prices and high employee expenses but beat our estimates by 5.2% as we expected a lower gross margin.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.

Aarti Industries Ltd - Weak Demand Outlook in Near-Term to Persist: