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>In Q4FY23, Persistent Systems Ltd (Persistent) reported revenue of Rs 2,254 Cr, up 3.9% QoQ and 3.9% QoQ (in CC terms) which stood in line with our expectations.</li><li>The company’s operating profit stood at Rs 416.3 Cr, reporting a healthy growth of 3.7% on a QoQ basis.</li><li>Much in line with our expectations, the company’s operating margins remained flat 18.5%, largely led by moderation in attrition levels and a reduction in sub conctrating cost during the quarter.</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>

In Q4FY23, Persistent Systems Ltd (Persistent) reported revenue of Rs 2,254 Cr, up 3.9% QoQ and 3.9% QoQ (in CC terms) which stood in line with our expectations.The company’s operating profit stood at Rs 416.3 Cr, reporting a healthy growth of 3.7% on a QoQ basis.Much in line with our expectations, the company’s operating margins remained flat 18.5%, largely led by moderation in attrition levels and a reduction in sub conctrating cost during the quarter.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.

Persistent Systems Ltd - Robust Execution; Resilient Outlook to Support Growth