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’ Q3FY24 numbers missed our top-line estimates and a major miss on EBITDA and PAT.</li><li>Revenue stood at 546 Cr Up by 3.8%/0.1% YoY/QoQ, missed our expectation by 5.6%. EBITDA declined by 28.5%/1.2% YoY/QoQ to Rs 52 Crs, missing our estimate by 44.6%.</li><li>Consolidated EBITDA margin at 9.6% (vs 13.9% in Q3FY23) missing our estimate by 674 bps on higher other expenses mainly on a/c of increased freight &amp; accelerated spends on e-commerce. </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’ Q3FY24 numbers missed our top-line estimates and a major miss on EBITDA and PAT.Revenue stood at 546 Cr Up by 3.8%/0.1% YoY/QoQ, missed our expectation by 5.6%. EBITDA declined by 28.5%/1.2% YoY/QoQ to Rs 52 Crs, missing our estimate by 44.6%.Consolidated EBITDA margin at 9.6% (vs 13.9% in Q3FY23) missing our estimate by 674 bps on higher other expenses mainly on a/c of increased freight &amp; accelerated spends on e-commerce. 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.

VIP Industries Ltd  - Weak Q3; Realigning Product Profile to Regain Premium Market Share

V.I.P. Industries

VIP Industries Ltd - Weak Q3; Realigning Product Profile to Regain Premium Market Share