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.

Thematic (Sector/Industry)

India Industrials / Thematic (Sector/Industry)

<ul><li>We expect road construction companies under our coverage to report Revenue/EBITDA/APAT growth of 21%/22%/26% QoQ and 9%/5%/6% YoY,led by superior execution, supporting higher profitability during the quarter.</li><li>Q4 is generally a strong period for project execution.</li><li>Moreover, with bidding &amp; awarding activity accelerating during this period, project awarding by the NHAI gained momentum as it awarded 4,300 km of the project till Feb’23 against 1,550 km in the first 8 months of FY23.</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>

We expect road construction companies under our coverage to report Revenue/EBITDA/APAT growth of 21%/22%/26% QoQ and 9%/5%/6% YoY,led by superior execution, supporting higher profitability during the quarter.Q4 is generally a strong period for project execution.Moreover, with bidding &amp; awarding activity accelerating during this period, project awarding by the NHAI gained momentum as it awarded 4,300 km of the project till Feb’23 against 1,550 km in the first 8 months of FY23.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.

Infra-Road Q4FY23 Earnings Preview