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>Steady Volume Growth: The company reported an 11% YoY increase in volumes during Q2FY26, while revenue declined by 4% YoY to Rs 337 Cr, primarily due to lower raw material costs that led to a corresponding reduction in finished goods realisation.</li><li>EBITDA rose sharply by 48% YoY to Rs 41 Cr, supported by volume growth, improved operating leverage, and better cost efficiencies.</li><li>Operating margins expanded to 12.1% (vs. 7.8% in Q2FY25 and 10.3% in Q1FY26). </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>

Steady Volume Growth: The company reported an 11% YoY increase in volumes during Q2FY26, while revenue declined by 4% YoY to Rs 337 Cr, primarily due to lower raw material costs that led to a corresponding reduction in finished goods realisation.EBITDA rose sharply by 48% YoY to Rs 41 Cr, supported by volume growth, improved operating leverage, and better cost efficiencies.Operating margins expanded to 12.1% (vs. 7.8% in Q2FY25 and 10.3% in Q1FY26). 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.

Apcotex Industries Ltd - Volume-Led Growth Strategy Backed by New Capex Plans