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>PI Industries' Q3FY24 numbers were in line with our estimates. One-off gain from the reversal of theft in last Q2FY24 led to beat on EBITDA and PAT.</li><li>Consolidated Revenue came in line with our estimates, up 18%/-10% YoY/QoQ. EBITDA beat our estimates by 15% as gross margins improved by 640bps YoY on account of better mix.</li><li>This resulted in an EBITDA margin of 29% vs. 26% both in Q3FY23/Q2FY24. The company’s PAT stood at Rs 449 Cr, up 28%/-7% YoY/QoQ, beating our estimate by 27%.</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>

PI Industries' Q3FY24 numbers were in line with our estimates. One-off gain from the reversal of theft in last Q2FY24 led to beat on EBITDA and PAT.Consolidated Revenue came in line with our estimates, up 18%/-10% YoY/QoQ. EBITDA beat our estimates by 15% as gross margins improved by 640bps YoY on account of better mix.This resulted in an EBITDA margin of 29% vs. 26% both in Q3FY23/Q2FY24. The company’s PAT stood at Rs 449 Cr, up 28%/-7% YoY/QoQ, beating our estimate by 27%.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.

PI Industries Ltd - New Product & CSM Drive Export Growth & Margins; Positive Outlook!

Pi Industries

PI Industries Ltd - New Product & CSM Drive Export Growth & Margins; Positive Outlook!