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>Adj EBITDA (exl. stripping activities) stood largely inline with our estimate at Rs 11,229 Cr (up 14%/8% YoY/QoQ).</li><li>E-auction premium stood marginally better than our estimate at 69% (vs. our est. of 61%), down from 76% in Q3FY25 but almost flat YoY (66% in Q4FY24).</li><li>ASP stood at Rs 1,702/t (flat YoY and up 2% QoQ). It stood largely in line with our estimate.</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>

Adj EBITDA (exl. stripping activities) stood largely inline with our estimate at Rs 11,229 Cr (up 14%/8% YoY/QoQ).E-auction premium stood marginally better than our estimate at 69% (vs. our est. of 61%), down from 76% in Q3FY25 but almost flat YoY (66% in Q4FY24).ASP stood at Rs 1,702/t (flat YoY and up 2% QoQ). It stood largely in line with our estimate.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.

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