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. 

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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>Uno Minda, (Erstwhile Minda Industries Ltd) reported consolidated revenue of ~Rs 2,877 Cr, which grew by 36%/13% YoY/QoQ (3% beat) on account of strong YoY/QoQ growth across all the divisions.</li><li>The EBITDA grew by 40%/20% YoY/QoQ to ~Rs 318 Cr (inline) due to operating leverage driven by strong volumes (which were only partially offset by high energy and administrative expenses).</li><li>The company’s EBITDA margin expanded to 11.1% (43bps below estimates), up from 10.4%/10.8% in Q1FY23/Q2FY22 respectively.</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>

Uno Minda, (Erstwhile Minda Industries Ltd) reported consolidated revenue of ~Rs 2,877 Cr, which grew by 36%/13% YoY/QoQ (3% beat) on account of strong YoY/QoQ growth across all the divisions.The EBITDA grew by 40%/20% YoY/QoQ to ~Rs 318 Cr (inline) due to operating leverage driven by strong volumes (which were only partially offset by high energy and administrative expenses).The company’s EBITDA margin expanded to 11.1% (43bps below estimates), up from 10.4%/10.8% in Q1FY23/Q2FY22 respectively.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.

Uno Minda -JVs and Capacity Expansions to Drive Growth; Outlook Positive

UNO Minda

Uno Minda -JVs and Capacity Expansions to Drive Growth; Outlook Positive