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>The company reported revenue of Rs 1,693 Cr (up 8% YoY) and EBITDA of Rs 228 Cr (up 10% YoY). It recorded an APAT of Rs 140 Cr (up 7% YoY).</li><li>The company posted an EBITDA margin of 13.4% in Q2FY24 (vs. our estimate of 13.5%), compared to 13.3% in Q2FY23.</li><li>APAT margin was 8.3% vs. 8.4% in Q2FY23. The company’s share of revenue from EPC/Water Projects/Tolls/Annuity was 68%/21%/11%.</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>

The company reported revenue of Rs 1,693 Cr (up 8% YoY) and EBITDA of Rs 228 Cr (up 10% YoY). It recorded an APAT of Rs 140 Cr (up 7% YoY).The company posted an EBITDA margin of 13.4% in Q2FY24 (vs. our estimate of 13.5%), compared to 13.3% in Q2FY23.APAT margin was 8.3% vs. 8.4% in Q2FY23. The company’s share of revenue from EPC/Water Projects/Tolls/Annuity was 68%/21%/11%.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.

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