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>PSP Projects Ltd (PSPPL) Q3FY23 numbers were below our expectations due to lower sales, an increase in construction expenses and a delay in getting approvals for UP projects.</li><li>The company reported revenue of Rs 500 Cr (up 3% YoY), EBIDTA of Rs 62 Cr (down 19% YoY), and APAT of Rs 35 Cr (down 30% YoY).</li><li>It registered EBITDA Margins of 12.4% in Q3FY23 (Our Estimate: 12.5%) as against 15.6% in Q3FY22.</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>

PSP Projects Ltd (PSPPL) Q3FY23 numbers were below our expectations due to lower sales, an increase in construction expenses and a delay in getting approvals for UP projects.The company reported revenue of Rs 500 Cr (up 3% YoY), EBIDTA of Rs 62 Cr (down 19% YoY), and APAT of Rs 35 Cr (down 30% YoY).It registered EBITDA Margins of 12.4% in Q3FY23 (Our Estimate: 12.5%) as against 15.6% in Q3FY22.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 - Robust Order Book To Drive Growth.