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

Escorts Kubota Limited / Equity Bottom-Up

<ul><li>Escorts Kubota Ltd. (EKL) reported revenue of Rs 2,342 Cr (up 2%/14% YoY/QoQ), a slight miss on our estimates by 3% on lower-than-expected growth in the RED segment (temporary phenomenon).</li><li>The company’s EBITDA stood at Rs 314 Cr (up 64%/21% YoY/QoQ) inline with our estimates. EBITDA Margins (up ~507/76 bps YoY/QoQ) beat our estimates by 57 bps,mainly on account of higher ASP along with lower personnel and other expenses.</li><li>The company reported Adjusted PAT of ~Rs 284 Cr (up 57%/27% YoY/QoQ), inline with our estimates (1% beat) led by higher share of profit from associates.</li></ul>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. (EKL) reported revenue of Rs 2,342 Cr (up 2%/14% YoY/QoQ), a slight miss on our estimates by 3% on lower-than-expected growth in the RED segment (temporary phenomenon).The company’s EBITDA stood at Rs 314 Cr (up 64%/21% YoY/QoQ) inline with our estimates. EBITDA Margins (up ~507/76 bps YoY/QoQ) beat our estimates by 57 bps,mainly on account of higher ASP along with lower personnel and other expenses.The company reported Adjusted PAT of ~Rs 284 Cr (up 57%/27% YoY/QoQ), inline with our estimates (1% beat) led by higher share of profit from associates.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 - Q3: Strong EBITDA Margins; Muted Agri Business in the Short Term