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>Welspun India reported a positive set of numbers in Q4FY23.</li><li>The company reported revenue of Rs 2,156 Cr, in line with our estimates (down 3.3%, YoY, up 15.3% QoQ).</li><li>In Q4FY23, EBITDA margins were at 12.6% vs. 10.2% in Q4FY22 and were supported by improvement in gross margins and moderating operational expenses.</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>

Welspun India reported a positive set of numbers in Q4FY23.The company reported revenue of Rs 2,156 Cr, in line with our estimates (down 3.3%, YoY, up 15.3% QoQ).In Q4FY23, EBITDA margins were at 12.6% vs. 10.2% in Q4FY22 and were supported by improvement in gross margins and moderating operational expenses.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.

Welspun India - Green Shoots of Hope, Retreating Headwinds