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>PSPProjects Ltd(PSPPL) Q4FY23 numbers were below our expectations due to majority of the orders being in their initial stages of construction and non completion of EPC projects which lead to lower revenue and margin contraction.</li><li>The company reported revenue of Rs 730 Cr (up32% YoY), EBIDTA of Rs 81Cr (down8% YoY), and APAT of Rs 49Cr (down11% YoY).</li><li>It registered EBITDA Margins of 11.1% in Q4FY23(Our Estimate:12.4%) as against15.9% in Q4FY22.</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>

PSPProjects Ltd(PSPPL) Q4FY23 numbers were below our expectations due to majority of the orders being in their initial stages of construction and non completion of EPC projects which lead to lower revenue and margin contraction.The company reported revenue of Rs 730 Cr (up32% YoY), EBIDTA of Rs 81Cr (down8% YoY), and APAT of Rs 49Cr (down11% YoY).It registered EBITDA Margins of 11.1% in Q4FY23(Our Estimate:12.4%) as against15.9% in Q4FY22.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.

PSP Projects Ltd - Execution To Improve; Robust Order Book To Drive Growth.