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>DBL reported subdued set of numbers during the quarter as its Volume/Revenue /EBITDA grew by 13%/10%/4% (below expectation) driven by better demand while APAT de-grew by 34% YoY was below our and consensus estimates by 52% and 48% respectively, on the back of lower realization higher RM cost, power/fuel , depreciation and interest cost.</li><li>The company reported a profit of Rs 130 Cr against Rs 196 Cr in Q1FY23.</li><li>Depriciation during the quarter was higher as company charged accelareted depriciation of Rs57 Cr in some plant and equipment on account of de-bottlenecking.</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>

DBL reported subdued set of numbers during the quarter as its Volume/Revenue /EBITDA grew by 13%/10%/4% (below expectation) driven by better demand while APAT de-grew by 34% YoY was below our and consensus estimates by 52% and 48% respectively, on the back of lower realization higher RM cost, power/fuel , depreciation and interest cost.The company reported a profit of Rs 130 Cr against Rs 196 Cr in Q1FY23.Depriciation during the quarter was higher as company charged accelareted depriciation of Rs57 Cr in some plant and equipment on account of de-bottlenecking.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 - Volume To Grow, Pricing a Concern