External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund 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>In Q2FY25, revenue grew 12% YoY owing to a higher export mix and improvement in realisation</li><li>Volume remained flat YoY as a 17% growth in export volume was offset by a 17% decline in domestic volume</li><li>Gross margin expanded by 220/450 bps YoY/QoQ to 49% owing to better product mix. So, EBITDA grew by 15/30% YoY/ QoQ</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>

In Q2FY25, revenue grew 12% YoY owing to a higher export mix and improvement in realisationVolume remained flat YoY as a 17% growth in export volume was offset by a 17% decline in domestic volumeGross margin expanded by 220/450 bps YoY/QoQ to 49% owing to better product mix. So, EBITDA grew by 15/30% YoY/ QoQContent 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.

Stylam Industries (Q2FY25): Superior Product Mix – Strong Margin Delivery. Maintain BUY