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>Maruti’s numbers stood largely inline with ours and the street's estimates.</li><li>Revenue (inline) grew by 21%/11% YoY/QoQ, led by higher sales volumes (up 5.3%/11% YoY/QoQ).</li><li>Higher ASP (up 15% YoY) led by higher share of SUV (21% of total sales in Q4FY23 vs 16% in Q4FY22) drove the higher revenue growth YoY.</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>

Maruti’s numbers stood largely inline with ours and the street's estimates.Revenue (inline) grew by 21%/11% YoY/QoQ, led by higher sales volumes (up 5.3%/11% YoY/QoQ).Higher ASP (up 15% YoY) led by higher share of SUV (21% of total sales in Q4FY23 vs 16% in Q4FY22) drove the higher revenue growth YoY.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.

Maruti Suzuki - Inline Q4, Higher ASPs to Drive Profitability, Maintain BUY

Maruti Suzuki India

Maruti Suzuki - Inline Q4, Higher ASPs to Drive Profitability, Maintain BUY