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>NALCO reported a strong set of numbers with Revenue/EBITDA/PAT beating ours and consensus estimates.</li><li>Revenue at Rs 3,347 Cr grew by 2%/10% YoY/QoQ (3% beat vs. our estimate).</li><li>EBITDA stood at Rs 773 Cr (up 68%/95% YoY/QoQ) a 39% and 59% beat against our and consensus led by lower RM (down 26%/10% YoY/QoQ), power &amp; fuel (down 23%/19% YoY/QoQ) and employee expenses (down 6%/3% YoY/QoQ). </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>

NALCO reported a strong set of numbers with Revenue/EBITDA/PAT beating ours and consensus estimates.Revenue at Rs 3,347 Cr grew by 2%/10% YoY/QoQ (3% beat vs. our estimate).EBITDA stood at Rs 773 Cr (up 68%/95% YoY/QoQ) a 39% and 59% beat against our and consensus led by lower RM (down 26%/10% YoY/QoQ), power &amp; fuel (down 23%/19% YoY/QoQ) and employee expenses (down 6%/3% YoY/QoQ). 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.

Nalco -Robust Q3FY24; Lower Input Costs Drive All Round Beat

National Aluminium

Nalco -Robust Q3FY24; Lower Input Costs Drive All Round Beat