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

<ul><li>Improving Margin Trajectory: KBL reported a significant improvement in gross margins and EBITDA during the quarter.</li><li>This margin improvement was primarily driven by strong performance in the domestic segment, which led to operating leverage from higher volumes, cost control initiatives, and the softening of raw material prices.</li><li>The company is also strategically focusing on increasing the share of value-added products, significantly reducing its exposure to low-margin and lumpy EPC orders. </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>

Improving Margin Trajectory: KBL reported a significant improvement in gross margins and EBITDA during the quarter.This margin improvement was primarily driven by strong performance in the domestic segment, which led to operating leverage from higher volumes, cost control initiatives, and the softening of raw material prices.The company is also strategically focusing on increasing the share of value-added products, significantly reducing its exposure to low-margin and lumpy EPC orders. 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.

Kirloskar Brothers Ltd - Robust Revenue & Margin Visibility; Upgrade to BUY