External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

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)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

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

<div><div><div><div><ul><li>Earnings beat our estimates -  Consolidated EBITDA exceeded our estimate, with a strong operating performance across key geographies, primarily driven by India, the US, Africa, and the UK. Volume growth was steady.</li></ul></div></div></div></div><div><ul><li>Favorable Soda Ash demand-supply scenario drives performance - <span style="font-size: var(--content-font-size);">TTCH reported revenue of INR34.8b (est. INR32.9) in 4QFY22, up 32% YoY.</span></li></ul></div><div><ul><li>Highlights from the management commentary - <span style="font-size: var(--content-font-size);">Market dynamics in Soda Ash: Demand for Soda Ash is expected to stay robust over the next 18 months.</span></li></ul></div><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>

Earnings beat our estimates -  Consolidated EBITDA exceeded our estimate, with a strong operating performance across key geographies, primarily driven by India, the US, Africa, and the UK. Volume growth was steady.Favorable Soda Ash demand-supply scenario drives performance - TTCH reported revenue of INR34.8b (est. INR32.9) in 4QFY22, up 32% YoY.Highlights from the management commentary - Market dynamics in Soda Ash: Demand for Soda Ash is expected to stay robust over the next 18 months.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.

Tata Chemicals - Robust Operating Performance Across Key Geographies