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.

Equity Bottom-Up

<ul><li>VIP Industries’Q1FY24 numbers beat ourtop-line estimates but reported a major miss on EBITDA and PAT due to a significant drop in gross margins.</li><li>Revenue stood at 636 Cr, up 7.7%/41% YoY/QoQ. Gross margins dropped 600bps below our estimates leading to EBITDA declining by 21% YoY to 80.6 Cr (missing our estimate by 18%).</li><li>The company reported an EBITDA Margin of 12.7% against 17.4% YoY, missing our estimate by 558bps</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>

VIP Industries’Q1FY24 numbers beat ourtop-line estimates but reported a major miss on EBITDA and PAT due to a significant drop in gross margins.Revenue stood at 636 Cr, up 7.7%/41% YoY/QoQ. Gross margins dropped 600bps below our estimates leading to EBITDA declining by 21% YoY to 80.6 Cr (missing our estimate by 18%).The company reported an EBITDA Margin of 12.7% against 17.4% YoY, missing our estimate by 558bpsContent 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.

VIP Industries Ltd - Double Whammy – Supply Constraints and Weak Demand

V.I.P. Industries

VIP Industries Ltd - Double Whammy – Supply Constraints and Weak Demand