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>During the quarter, DBL reported a mixed set of numbers. Its Volume/Revenue grew by 19%/10%, which exceeded expectations, indicating robust demand.</li><li>However, EBITDA declined by 7%, falling below expectations. This decline can be attributed to better demand and lower costs, offset by lower realization.</li><li>The company reported a profit of Rs 315 Cr against our estimate of Rs 285 Cr in Q4FY24, driven by higher volume, lower costs, and higher other income. </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>

During the quarter, DBL reported a mixed set of numbers. Its Volume/Revenue grew by 19%/10%, which exceeded expectations, indicating robust demand.However, EBITDA declined by 7%, falling below expectations. This decline can be attributed to better demand and lower costs, offset by lower realization.The company reported a profit of Rs 315 Cr against our estimate of Rs 285 Cr in Q4FY24, driven by higher volume, lower costs, and higher other income. 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.

Dalmia Bharat Limited - Robust Volume Growth; Lower Prices Impact Margin