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>Biocon's Q2FY25 results came in below our expectations.</li><li>Reported revenue grew by 3.7% YoY and 4.6% QoQ, primarily driven by weak sales in the generics segment, while the biosimilars segment grew by 10.8% YoY.</li><li>Gross margins of 67.1% decreased by 39 bps YoY but increaed by 150 bps QoQ.</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>

Biocon's Q2FY25 results came in below our expectations.Reported revenue grew by 3.7% YoY and 4.6% QoQ, primarily driven by weak sales in the generics segment, while the biosimilars segment grew by 10.8% YoY.Gross margins of 67.1% decreased by 39 bps YoY but increaed by 150 bps QoQ.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.

Biocon Ltd

Biocon Ltd - Weak Operational Margins