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>Novelis delivered a largely inline set of results with Adj EBITDA/t improving by 33% YoY to $499/t on an impacted base of last year (due to higher energy costs and can destocking impact).</li><li>As was guided, Adj EBITDA/t dropped by 4% QoQ due to lower shipments at 910 kt (down 2% QoQ, flat YoY) on account of maintenance shutdown at Oswego hot mill.</li><li>Net sales at $3.9 Bn were down 6% YoY, led by lower Average Aluminium LME prices in Q3FY24 (down 6% 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>

Novelis delivered a largely inline set of results with Adj EBITDA/t improving by 33% YoY to $499/t on an impacted base of last year (due to higher energy costs and can destocking impact).As was guided, Adj EBITDA/t dropped by 4% QoQ due to lower shipments at 910 kt (down 2% QoQ, flat YoY) on account of maintenance shutdown at Oswego hot mill.Net sales at $3.9 Bn were down 6% YoY, led by lower Average Aluminium LME prices in Q3FY24 (down 6% 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.

Hindalco Industries Ltd - Adj. EBITDA/T Recovery as Expected