External broker reports(aggregated public sources), Edelweiss Broking Limited

Edelweiss

Edelweiss Broking Limited is an Indian Financial services company based in Mumbai, India. The company is a subsidiary of Edelweiss Group. 

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External broker reports(aggregated public sources)

Edelweiss Broking Limited

Edelweiss Broking Limited is an Indian Financial services company based in Mumbai, India. The company is a subsidiary of Edelweiss Group. 

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>Voltas (VOLT) reported a mixed set of numbers in Q3FY22. Revenue/PAT de-grew by 10%/25% YoY (below our estimates by 4.6%/22%)</li><li>On the other hand, EBITDA grew by 6.7% YoY (above our estimates by 6%)</li><li>The company witnessed lower growth in UCP (up 9% YoY); EMPS (down 34.6% YoY) was below expectations.</li></ul><div class="content-highlight"><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></div>

Voltas (VOLT) reported a mixed set of numbers in Q3FY22. Revenue/PAT de-grew by 10%/25% YoY (below our estimates by 4.6%/22%)On the other hand, EBITDA grew by 6.7% YoY (above our estimates by 6%)The company witnessed lower growth in UCP (up 9% YoY); EMPS (down 34.6% YoY) was below expectations.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.

Voltas Ltd: Improvement in Margins Led by Healthy Execution, While Missed Profitability