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>Eicher reported a strong set of Q3FY24 numbers with a beat on Revenue, EBITDA and PAT. Revenue beat our estimates by ~3% (up ~13%/3% YoY/QoQ).</li><li>The company’s sales volume was up 3% YoY (flat QoQ) to 228k units in Q3FY24.</li><li>Standalone EBITDA grew by ~30.1%/1.6% YoY/QoQ, an 8% beat mainly led by higher ASP (partly offset by higher net raw materials on a sequential basis). </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>

Eicher reported a strong set of Q3FY24 numbers with a beat on Revenue, EBITDA and PAT. Revenue beat our estimates by ~3% (up ~13%/3% YoY/QoQ).The company’s sales volume was up 3% YoY (flat QoQ) to 228k units in Q3FY24.Standalone EBITDA grew by ~30.1%/1.6% YoY/QoQ, an 8% beat mainly led by higher ASP (partly offset by higher net raw materials on a sequential basis). 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.

Eicher Motors - Robust Q3FY24 Amidst Rising Competition & Slowing Exports