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>Minda Corp reported Revenue in line with our estimates while EBITDA/PAT was a Beat.</li><li>Revenue (inline) grew by 11% YoY, led by increased production volumes in the 3W/2W/PV segment, partly offset by lower volumes in the CV/Tractor industry and weak exports.</li><li>It reported EBITDA of Rs 132 Cr (5% Beat), up 15% YoY and EBITDA margins (beat) grew by 38bps in YoY on the back of product premiumization trend, increasing efficiencies via lowcost automation and component localization initiatives. </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>

Minda Corp reported Revenue in line with our estimates while EBITDA/PAT was a Beat.Revenue (inline) grew by 11% YoY, led by increased production volumes in the 3W/2W/PV segment, partly offset by lower volumes in the CV/Tractor industry and weak exports.It reported EBITDA of Rs 132 Cr (5% Beat), up 15% YoY and EBITDA margins (beat) grew by 38bps in YoY on the back of product premiumization trend, increasing efficiencies via lowcost automation and component localization initiatives. 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.

Minda Corporation Ltd - EBITDA/PAT Beats Estimates; Strong Orderbook To Drive Growth

Minda Corp Ltd

Minda Corporation Ltd - EBITDA/PAT Beats Estimates; Strong Orderbook To Drive Growth