External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Thematic (Sector/Industry)

<ul><li>As we conclude the final page of 2023, we extend our heartfelt wishes for a 'Happy New Year' to all our valued patrons.</li><li>With great enthusiasm, we welcome 2024, anticipating a year filled with prosperity, peace, and happiness for you and your family.</li><li>At this juncture, it gives us immense joy to announce our New Year picks for this year and we hope they will enhance and fortify your investment endeavours further</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>

As we conclude the final page of 2023, we extend our heartfelt wishes for a 'Happy New Year' to all our valued patrons.With great enthusiasm, we welcome 2024, anticipating a year filled with prosperity, peace, and happiness for you and your family.At this juncture, it gives us immense joy to announce our New Year picks for this year and we hope they will enhance and fortify your investment endeavours furtherContent 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.

Equity Bottom-Up

Amber Enterprises India / Equity Bottom-Up

<ul><li>The company reported a robust growth outlook across all segments,resulting in strong earnings visibility from FY23 to FY26E.</li><li>The revenue contribution from the Railway and Mobility (R&amp;M) division,which yields higher operating margins, is increasing.</li><li>This is expected to improve the company’s operating profits moving forward. </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>

The company reported a robust growth outlook across all segments,resulting in strong earnings visibility from FY23 to FY26E.The revenue contribution from the Railway and Mobility (R&amp;M) division,which yields higher operating margins, is increasing.This is expected to improve the company’s operating profits moving forward. 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.

Amber Enterprises - Board the Growth Wagon – Railway & Mobility Division!!

<ul><li>Cables &amp; Wires demand was buoyant during the quarter, though the overall demand for consumer durables remained moderate.</li><li>The demand was driven by government spends on infrastructure projects along with stale demand from overseas markets.</li><li>Furthermore, it was led by an increase in private Capex spending and real estate up-cycle. The demand for cooling products was tepid (being a seasonally soft quarter) with some brands resorting to discounts to clear inventory. </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>

Cables &amp; Wires demand was buoyant during the quarter, though the overall demand for consumer durables remained moderate.The demand was driven by government spends on infrastructure projects along with stale demand from overseas markets.Furthermore, it was led by an increase in private Capex spending and real estate up-cycle. The demand for cooling products was tepid (being a seasonally soft quarter) with some brands resorting to discounts to clear inventory. 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.

<ul><li>Amber Enterprises reported consolidated revenue of Rs 1,702 Cr, which stood lower than our estimates of Rs 2,098 Cr.</li><li>This was on account of an adverse impact of weak demand due to unseasonal rains and unfavourable weather patterns.</li><li>The company’s gross margins improved to 17.5% vs. our estimates of 14.7% due to moderation in RM costs.</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>

Amber Enterprises reported consolidated revenue of Rs 1,702 Cr, which stood lower than our estimates of Rs 2,098 Cr.This was on account of an adverse impact of weak demand due to unseasonal rains and unfavourable weather patterns.The company’s gross margins improved to 17.5% vs. our estimates of 14.7% due to moderation in RM costs.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.

Amber Enterprises - Weather Woes Impact RAC Revenues

<div><div><div><div><ul><li>Demand trends: The overall consumer demand remained tepid during the quarter owing to the uneven weather conditions and unseasonal rains during the summer season.</li><li>As a result, seasonal products such as fans, coolers, and ACs witnessed lacklustre demand in Apr’23 as well as in May’23 while some demand uptick was seen in Jun’23.</li><li>Soft demand amidst higher competitive intensity and inventory built up in anticipation of strong summer restricted any price hikes by OEMs. </li></ul></div></div></div></div><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>

Demand trends: The overall consumer demand remained tepid during the quarter owing to the uneven weather conditions and unseasonal rains during the summer season.As a result, seasonal products such as fans, coolers, and ACs witnessed lacklustre demand in Apr’23 as well as in May’23 while some demand uptick was seen in Jun’23.Soft demand amidst higher competitive intensity and inventory built up in anticipation of strong summer restricted any price hikes by OEMs. 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.

Consumer Durables - Q1FY24 - Earnings Preview

India

Amber Enterprises India Limited manufactures heating and ventilation equipment. The Company offers refrigerators, heat exchangers, air conditioners, home appliances, vacuum forming, and lighting products. Amber Enterprises also produces auto parts, injection molding, and sheet metal components. Amber Enterprises serves clients in India.

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Amber Enterprises India (AMBER IN)

Axis New Year Picks 2024

At this juncture, it gives us immense joy to announce our New Year picks for this year and we hope they will enhance and fortify your investment...

Axis Direct

Amber Enterprises - Board the Growth Wagon – Railway & Mobility Division!!

The company reported a robust growth outlook across all segments,resulting in strong earnings visibility from FY23 to FY26E.

Axis Direct

Q2FY24 - Consolidated Earnings Preview

Cables & Wires demand was buoyant during the quarter, though the overall demand for consumer durables remained moderate.Dixon

Axis Direct

Amber Enterprises - Weather Woes Impact RAC Revenues

Amber Enterprises reported consolidated revenue of Rs 1,702 Cr, which stood lower than our estimates of Rs 2,098 Cr. This was on account of an...

Axis Direct

Consumer Durables - Q1FY24 - Earnings Preview

Soft demand amidst higher competitive intensity and inventory built up in anticipation of strong summer restricted any price hikes by OEMs.

Axis Direct

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