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

<div><div><div><div><ul><li>Uno Minda, (Erstwhile Minda Industries Ltd) reported consolidated revenue of Rs 2,555 Cr, registering a strong growth of 59%/6% YoY/QoQ, largely in line with our estimate while EBITDA at Rs 266 Cr (down 3% QoQ/up 81% YoY) missed our estimate mainly due to higher RM costs.</li><li>Revenue growth YoY is led by growth across divisions, casting up 2x, lighting, and switches up 70% and 60% respectively.</li><li>EBITDA margin contracted to 10.4% from 11.4% in Q4 (on higher other expenses), but improved from 9.2% in Q1FY22. Adj PAT stood at Rs 150 Cr, (down 4% QoQ/up 500% YoY on a low base) and stood below our estimate by 16%.</li></ul></div></div></div></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>

Uno Minda, (Erstwhile Minda Industries Ltd) reported consolidated revenue of Rs 2,555 Cr, registering a strong growth of 59%/6% YoY/QoQ, largely in line with our estimate while EBITDA at Rs 266 Cr (down 3% QoQ/up 81% YoY) missed our estimate mainly due to higher RM costs.Revenue growth YoY is led by growth across divisions, casting up 2x, lighting, and switches up 70% and 60% respectively.EBITDA margin contracted to 10.4% from 11.4% in Q4 (on higher other expenses), but improved from 9.2% in Q1FY22. Adj PAT stood at Rs 150 Cr, (down 4% QoQ/up 500% YoY on a low base) and stood below our estimate by 16%.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 - Robust Q1; Growth Outlook Positive

UNO Minda

Uno Minda - Robust Q1; Growth Outlook Positive