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>The company reported strong disbursement growth of 15.4% YoY, translating into healthy growth in the advances of 25.7% YoY.</li><li>Concurrently, NII grew by 14/3.2% YoY/QoQ. Other income reported strong growth of 37.3% YoY, largely driven by the fee income (up 11% YoY), however, the company reported a decline of 44% QoQ as there was no dividend income in Q3FY24 as against the dividend income of Rs 130 cr in Q2FY24.</li><li>Opex increased by 25/3% YoY/QoQ, primarily driven by an uptick in employee expenses which grew by 23/8% 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>

The company reported strong disbursement growth of 15.4% YoY, translating into healthy growth in the advances of 25.7% YoY.Concurrently, NII grew by 14/3.2% YoY/QoQ. Other income reported strong growth of 37.3% YoY, largely driven by the fee income (up 11% YoY), however, the company reported a decline of 44% QoQ as there was no dividend income in Q3FY24 as against the dividend income of Rs 130 cr in Q2FY24.Opex increased by 25/3% YoY/QoQ, primarily driven by an uptick in employee expenses which grew by 23/8% YoY/QoQ.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.

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