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.

Thematic (Sector/Industry)

India Industrials / Thematic (Sector/Industry)

<ul><li>During the quarter, road infrastructure companies under our coverage reported Revenue/EBITDA/PAT growth of 0%/33%/40% YoY, against our expectation of 6%/0%/10% YoY.</li><li>The performance deviation was primarily due to soft execution and exceptional gains accounted for during the quarter by PNC Infratech and KNR Construction.</li><li>EBITDA margins improved by 570bps QoQ and 270bps YoY, driven by the exceptional gain reported.</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>

During the quarter, road infrastructure companies under our coverage reported Revenue/EBITDA/PAT growth of 0%/33%/40% YoY, against our expectation of 6%/0%/10% YoY.The performance deviation was primarily due to soft execution and exceptional gains accounted for during the quarter by PNC Infratech and KNR Construction.EBITDA margins improved by 570bps QoQ and 270bps YoY, driven by the exceptional gain reported.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.

Top Sector Ideas - Infra-Road : Q1FY25 Review