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

Aditya Birla Fashion and Retail Ltd / Equity Bottom-Up

Aditya Birla Fashion and Retail Ltd (ABFRL IN)

<ul><li>Financial Performance: The company’s revenue grew by 16% YoY and the growth was led by network expansion and category expansion.</li><li>Its EBITDA grew by 27% YoY mainly driven by a shift in the festive season and strong measure took on profitability part.</li><li>However, the company’s PAT was negative at 108Cr due to increase in interest cost from higher borrowings. </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>

Financial Performance: The company’s revenue grew by 16% YoY and the growth was led by network expansion and category expansion.Its EBITDA grew by 27% YoY mainly driven by a shift in the festive season and strong measure took on profitability part.However, the company’s PAT was negative at 108Cr due to increase in interest cost from higher borrowings. 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.

Aditya Birla Fashion & Retail Ltd. -Long Road to Recovery; Maintain HOLD