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

Embassy Office Parks REIT / Equity Bottom-Up

<ul>
<li>EMBASSY reported revenue of Rs 868 Cr, up 16.8% YoY which stood below our estimates.</li>
<li>The company’s commercial office business grew by 7.8% YoY to Rs 598 Cr and the hotel business grew to Rs 102 Cr YoY from Rs 18 Cr.</li>
<li>The NOI increased by 7.5% YoY and the EBITDA margins got compressed by 510bps YoY down in the range of 71.6%.</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>


EMBASSY reported revenue of Rs 868 Cr, up 16.8% YoY which stood below our estimates.
The company’s commercial office business grew by 7.8% YoY to Rs 598 Cr and the hotel business grew to Rs 102 Cr YoY from Rs 18 Cr.
The NOI increased by 7.5% YoY and the EBITDA margins got compressed by 510bps YoY down in the range of 71.6%.

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.

Embassy Office Parks REIT - Modest Performance for the Quarter