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>VIP Industries (VIP) reported a steady set of numbers for Q2FY23 and reported a slight miss from our estimates. The company reported revenue of Rs 515 Cr,(our estimate: 535 Cr). &amp; reported EBITDA of Rs 72 Cr (our estimate: 77 Cr) and effective EBITDA Margins came in at 14% below our estimate of 14.4%.</li><li>The company reported a PAT of Rs 43 Cr against our estimate of 43 Cr due to lower tax provisioning.</li><li>Post-pandemic, the company is reducing its dependency on China and external manufacturing to have more control over its business. </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 (VIP) reported a steady set of numbers for Q2FY23 and reported a slight miss from our estimates. The company reported revenue of Rs 515 Cr,(our estimate: 535 Cr). &amp; reported EBITDA of Rs 72 Cr (our estimate: 77 Cr) and effective EBITDA Margins came in at 14% below our estimate of 14.4%.The company reported a PAT of Rs 43 Cr against our estimate of 43 Cr due to lower tax provisioning.Post-pandemic, the company is reducing its dependency on China and external manufacturing to have more control over its business. 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 - Steady Numbers in Seasonally Weak Quarter; Maintain HOLD

V.I.P. Industries

VIP Industries - Steady Numbers in Seasonally Weak Quarter; Maintain HOLD