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>RITES Ltd. reported a mixed set of Q4FY23 numbers with revenue of Rs 687 Cr (down 10% YoY), supported by the highest-ever revenue in all segments except exports.</li><li>Its EBITDA stood at Rs 192 Cr (down 6% YoY), and APAT at Rs 139 Cr (down 2%YoY).</li><li>The company registered EBITDA Margins of 27.9% in Q4FY23 (our estimate: 27.4%) as against 26.7% 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>

RITES Ltd. reported a mixed set of Q4FY23 numbers with revenue of Rs 687 Cr (down 10% YoY), supported by the highest-ever revenue in all segments except exports.Its EBITDA stood at Rs 192 Cr (down 6% YoY), and APAT at Rs 139 Cr (down 2%YoY).The company registered EBITDA Margins of 27.9% in Q4FY23 (our estimate: 27.4%) as against 26.7% 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.

RITES Ltd - Focus on Growing Bottomline; Healthy Order Book to Drive Growth