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 growth of 7%.</li><li>EBITDA was flattish, while APAT grew by 4% against our expectation of 14%/11%/13% YoY, primarily owing to underperformance of GR Infra projects and KNR Construction Ltd.</li><li>EBITDA margins declined by 30bps/120bps QoQ/YoY. Overall performance remained below our expectations during the quarter.</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 growth of 7%.EBITDA was flattish, while APAT grew by 4% against our expectation of 14%/11%/13% YoY, primarily owing to underperformance of GR Infra projects and KNR Construction Ltd.EBITDA margins declined by 30bps/120bps QoQ/YoY. Overall performance remained below our expectations during the quarter.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 Q3FY24