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.

Thematic (Sector/Industry)

India Materials / Thematic (Sector/Industry)

<ul><li>Hindalco reported a strong set of numbers. Consolidated Revenue stood at Rs 84,825 Cr (up 32%/9% YoY/QoQ), in line with our estimate.</li><li>EBITDA stood at Rs 13,972 Cr (up 73%/37% YoY/QoQ), beating our/consensus pre-Novelis results estimate by ~30%, led by strong upstream aluminium and copper performance.</li><li>Reported PAT stood at Rs 7,013 Cr (up 75%/170% YoY/QoQ), led by higher EBITDA. </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>

Hindalco reported a strong set of numbers. Consolidated Revenue stood at Rs 84,825 Cr (up 32%/9% YoY/QoQ), in line with our estimate.EBITDA stood at Rs 13,972 Cr (up 73%/37% YoY/QoQ), beating our/consensus pre-Novelis results estimate by ~30%, led by strong upstream aluminium and copper performance.Reported PAT stood at Rs 7,013 Cr (up 75%/170% YoY/QoQ), led by higher EBITDA. 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.

High Conviction Ideas:Metals and Mining