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 a mixed set of numbers during the quarter as its Volume/ Revenue grew by 16% and 12% respectivey,(In line with expectations) driven by better demand and higher realization YoY while EBITDA although higher by 4% YoY was below our and consensus estimates by 14% and 12% respectively, on the back of higher RM cost and other expenses.</li><li>The company reported a profit of Rs 589 Cr against Rs 595 Cr in Q4FY22.</li><li>It recorded an EBITDA margin of 18.1% (vs. our estimates of 20.8%)against 20.2% YoY.</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 a mixed set of numbers during the quarter as its Volume/ Revenue grew by 16% and 12% respectivey,(In line with expectations) driven by better demand and higher realization YoY while EBITDA although higher by 4% YoY was below our and consensus estimates by 14% and 12% respectively, on the back of higher RM cost and other expenses.The company reported a profit of Rs 589 Cr against Rs 595 Cr in Q4FY22.It recorded an EBITDA margin of 18.1% (vs. our estimates of 20.8%)against 20.2% YoY.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 Ltd - New Capacity & Cost Optimization To Drive Growth