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>RITES Ltd. reported a mixed set of Q1FY24 numbers with revenue of Rs 544 Cr (down 10% YoY), due to poor performance in the Exports business and lower revenue in the Quality Assurance segment.</li><li>Its EBITDA stood at Rs 161 Cr (down 10% YoY), and APAT at Rs 119 Cr (down 17% YoY).</li><li>The company registered EBITDA Margins of 29.6% in Q1FY24 (our estimate: 27.7%) as against 29.6% in Q1FY23. RITES booked Consultancy sales of Rs 304 Cr (up 1% YoY), Export sales of Rs 38 Cr ( down 52% YoY), Leasing sales of Rs 31 Cr (down 9% YoY), and Turnkey sales of Rs 165 Cr (down 9% YoY).</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 Q1FY24 numbers with revenue of Rs 544 Cr (down 10% YoY), due to poor performance in the Exports business and lower revenue in the Quality Assurance segment.Its EBITDA stood at Rs 161 Cr (down 10% YoY), and APAT at Rs 119 Cr (down 17% YoY).The company registered EBITDA Margins of 29.6% in Q1FY24 (our estimate: 27.7%) as against 29.6% in Q1FY23. RITES booked Consultancy sales of Rs 304 Cr (up 1% YoY), Export sales of Rs 38 Cr ( down 52% YoY), Leasing sales of Rs 31 Cr (down 9% YoY), and Turnkey sales of Rs 165 Cr (down 9% YoY).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 Maintaining Margins; Higher Exports to Drive Growth