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. 

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.

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>BCL reported Revenue/Volume growth of 14%/15% YoY (above expectations), driven by better demand.</li><li>EBITDA increased 207% YoY (below expectations) and the company reported an APAT of Rs 59 Cr against the loss of Rs 56 Cr last year.</li><li>However, it was below our expectations owing to flat realization. It is noteworthy that the company’s cost/tonne declined by 9% YoY but stood flat QoQ at Rs 4,777. </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>

BCL reported Revenue/Volume growth of 14%/15% YoY (above expectations), driven by better demand.EBITDA increased 207% YoY (below expectations) and the company reported an APAT of Rs 59 Cr against the loss of Rs 56 Cr last year.However, it was below our expectations owing to flat realization. It is noteworthy that the company’s cost/tonne declined by 9% YoY but stood flat QoQ at Rs 4,777. 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.

Birla Corporation Limited - Robust Volume Growth; Margin Profile To Improve

Birla Corp Ltd

Birla Corporation Limited - Robust Volume Growth; Margin Profile To Improve