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>CIL reported a strong set of numbers with Adjusted EBITDA (ex OBR), beating our estimate by 11%.</li><li>Revenue from operations stood at Rs 33,170 Cr (flat YoY, down 3% QoQ), missing our estimate by 3% and consensus by 8%, indicating an ASP of Rs 1,675/t, 3% below our assumption.</li><li>The miss in ASP might have been due to a lower e-auction premium against our estimate of 54% over FSA prices.</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>

CIL reported a strong set of numbers with Adjusted EBITDA (ex OBR), beating our estimate by 11%.Revenue from operations stood at Rs 33,170 Cr (flat YoY, down 3% QoQ), missing our estimate by 3% and consensus by 8%, indicating an ASP of Rs 1,675/t, 3% below our assumption.The miss in ASP might have been due to a lower e-auction premium against our estimate of 54% over FSA prices.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.

Coal India - EBITDA Beat Driven By Lower Employee and RM Costs

Coal India Ltd

Coal India - EBITDA Beat Driven By Lower Employee and RM Costs