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

Mahindra Cie Automotive / Equity Bottom-Up

<ul><li>CIEAUTO's Q2CY24 revenue was down 1.2% YoY and 5.5% QoQ. EBITDA was down 2.8% YoY and 0.2% QoQ.</li><li>The company missed our estimates on the Indian and EU topline by approximately 1.2% and 4.8%, respectively.</li><li>Consolidated EBITDA stood at Rs 360 Cr (a slight beat by 2.9%), and EBITDA margins came in at 15.7% (an 80bps beat), down 26bps YoY but up 84bps 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>

CIEAUTO's Q2CY24 revenue was down 1.2% YoY and 5.5% QoQ. EBITDA was down 2.8% YoY and 0.2% QoQ.The company missed our estimates on the Indian and EU topline by approximately 1.2% and 4.8%, respectively.Consolidated EBITDA stood at Rs 360 Cr (a slight beat by 2.9%), and EBITDA margins came in at 15.7% (an 80bps beat), down 26bps YoY but up 84bps 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.

CIE Automotive India Ltd - Q2CY24 EBITDA Beats Estimates