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>Astral posted consolidated revenue growth of 8.1% YoY in Q3FY24, majorly led by growth in Plastic (+7.1% YoY) and Adhesive segment (+10.7% YoY).</li>
<li>The Plumbing division reported strong volume growth of 15% YoY while realisations decreased due to high volatility in PVC prices to Rs 189/kg. In Q3FY24, average realisations stood at Rs 189/kg (-6.8% YoY) and EBITDA stood stable at Rs 31/kg (-7.9% QoQ) which includes losses of Rs 4 Cr in the Sanitaryware and Faucets segments.</li>
<li>The company’s full-year volume growth guidance has been increased to +20% YoY (vs. 15% YoY earlier). </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>


Astral posted consolidated revenue growth of 8.1% YoY in Q3FY24, majorly led by growth in Plastic (+7.1% YoY) and Adhesive segment (+10.7% YoY).
The Plumbing division reported strong volume growth of 15% YoY while realisations decreased due to high volatility in PVC prices to Rs 189/kg. In Q3FY24, average realisations stood at Rs 189/kg (-6.8% YoY) and EBITDA stood stable at Rs 31/kg (-7.9% QoQ) which includes losses of Rs 4 Cr in the Sanitaryware and Faucets segments.
The company’s full-year volume growth guidance has been increased to +20% YoY (vs. 15% YoY earlier). 

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.

Astral Ltd - Continuous Inventory Losses Led to Lower Margins