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>JKLC reported mixed operating performance during the quarter due to the impact of higher costs and lower realization QoQ.</li><li>Its revenue grew by 5% YoY (in line with expectations), driven by demand and better realization YoY.</li><li>The company’s EBITDA/APAT degrew by 23%/26% impacted by higher costs primarily led by the increase in the purchase of stock in trade and consequently impacted margins which came in at 10.3% against 14% YoY (Our estimate of 12.7%). </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>

JKLC reported mixed operating performance during the quarter due to the impact of higher costs and lower realization QoQ.Its revenue grew by 5% YoY (in line with expectations), driven by demand and better realization YoY.The company’s EBITDA/APAT degrew by 23%/26% impacted by higher costs primarily led by the increase in the purchase of stock in trade and consequently impacted margins which came in at 10.3% against 14% YoY (Our estimate of 12.7%). 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.

JK Lakshmi Cement Limited - Geo Mix & Cost Optimization To Drive Margins