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

Escorts Kubota Limited / Equity Bottom-Up

<ul><li>Kubota Ltd (EKL) revenue for Q1FY24 was reported at Rs 2,355 Cr (up 16%/6% YoY/QoQ), which beat our estimates by 2% on higher price realisation in Agri/ECE Business and better than expected growth in the RED segment.</li><li>The company’s EBITDA stood at Rs 331 Cr (up 63%/42% YoY/QoQ) and beat our/consensus estimates by 63%/30% respectively.</li><li>EBITDA Margins (up ~400/350 bps YoY/QoQ) beat estimates by 280 bps mainly on account of the full impact of the price hikes taken in Q4FY23, commodity softening, cost reduction efforts and operating leverage. </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>

Kubota Ltd (EKL) revenue for Q1FY24 was reported at Rs 2,355 Cr (up 16%/6% YoY/QoQ), which beat our estimates by 2% on higher price realisation in Agri/ECE Business and better than expected growth in the RED segment.The company’s EBITDA stood at Rs 331 Cr (up 63%/42% YoY/QoQ) and beat our/consensus estimates by 63%/30% respectively.EBITDA Margins (up ~400/350 bps YoY/QoQ) beat estimates by 280 bps mainly on account of the full impact of the price hikes taken in Q4FY23, commodity softening, cost reduction efforts and operating leverage. 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.

Escorts Kubota Ltd - Overall Beat – Focus on Operational Efficiencies