External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades.

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External broker reports(aggregated public sources)

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

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>Emkay Global Financial's research report onAxis Bank Despite slower credit growth at 14% YoY/3.5% QoQ, Axis Bank reported 5bps QoQ margin expansion, mainly on a contained rise in CoF and steady increase in share of retail portfolio.</li><li>This, along with higher trading gains, partly offset by elevated opex &amp; provision, led to a 5% beat on PAT at Rs71.3bn.</li><li>Mgmt guides systemic credit growth slowing down in FY25, but expects Axis Bank to outgrow the system mainly led by continued traction in retail which, in turn, should support its margins.</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>

Emkay Global Financial's research report onAxis Bank Despite slower credit growth at 14% YoY/3.5% QoQ, Axis Bank reported 5bps QoQ margin expansion, mainly on a contained rise in CoF and steady increase in share of retail portfolio.This, along with higher trading gains, partly offset by elevated opex &amp; provision, led to a 5% beat on PAT at Rs71.3bn.Mgmt guides systemic credit growth slowing down in FY25, but expects Axis Bank to outgrow the system mainly led by continued traction in retail which, in turn, should support its margins.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.

Axis Bank - Steady Retail Build-Up Aids Margin Expansion

Axis Bank Ltd

Axis Bank - Steady Retail Build-Up Aids Margin Expansion