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>Praj Industries reported a weak set of numbers in Q2FY24, missing our estimates on all fronts on account of lower execution in grain-based distilleries.</li><li>The company reported revenue of Rs 882 Cr, up 19.8%/0.7% YoY/QoQ.</li><li>EBITDA came in at Rs 78 Cr, a 190bps drop from our expectations on account of higher operating and employee expenses. </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>

Praj Industries reported a weak set of numbers in Q2FY24, missing our estimates on all fronts on account of lower execution in grain-based distilleries.The company reported revenue of Rs 882 Cr, up 19.8%/0.7% YoY/QoQ.EBITDA came in at Rs 78 Cr, a 190bps drop from our expectations on account of higher operating and employee expenses. 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.

Praj Industries Ltd - Increasing Share of Export & Services Orderbook to Improve Margins