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>KNR Constructions Ltd. (KNRCL) reported revenue of Rs 1,176 Cr (up 16% YoY), EBITDA of Rs 212 Cr (2% YoY), and APAT of Rs 129 Cr (14% YoY).</li><li>It registered an EBITDA Margin of 18% in Q4FY23 (our estimate: 19%) against 20.6% in Q4FY22.</li><li>Outlook: Road sector Capex outlay has been increased by more than 33% in the Union Budget 2023-24, thereby providing larger opportunities for companies like KNRCL.</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>

KNR Constructions Ltd. (KNRCL) reported revenue of Rs 1,176 Cr (up 16% YoY), EBITDA of Rs 212 Cr (2% YoY), and APAT of Rs 129 Cr (14% YoY).It registered an EBITDA Margin of 18% in Q4FY23 (our estimate: 19%) against 20.6% in Q4FY22.Outlook: Road sector Capex outlay has been increased by more than 33% in the Union Budget 2023-24, thereby providing larger opportunities for companies like KNRCL.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.

KNR Constructions Ltd - Robust Execution; New Order Inflow Important Catalyst