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. 

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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>Minda Corp. reported a mixed set of numbers in Q1FY24. Revenue grew by 6% YoY (flat QoQ, 8% miss), led by increased domestic demand in the PV/3W/2W segment but was partly offset by lower volumes in the CV/Tractor industry and weak exports.</li><li>It reported EBITDA of Rs 115 Cr, up 8% YoY (flat QoQ, 13% miss) and EBITDA margins grew by 12bps YoY (declined 21bps QoQ, 71 bps miss).</li><li>The miss in margins was largely due to poor product mix (greater 2W mix in total sales), increased personnel expenses, and time taken to ramp up volumes at the new ICS plant in Pune. </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>

Minda Corp. reported a mixed set of numbers in Q1FY24. Revenue grew by 6% YoY (flat QoQ, 8% miss), led by increased domestic demand in the PV/3W/2W segment but was partly offset by lower volumes in the CV/Tractor industry and weak exports.It reported EBITDA of Rs 115 Cr, up 8% YoY (flat QoQ, 13% miss) and EBITDA margins grew by 12bps YoY (declined 21bps QoQ, 71 bps miss).The miss in margins was largely due to poor product mix (greater 2W mix in total sales), increased personnel expenses, and time taken to ramp up volumes at the new ICS plant in Pune. 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.

Minda Corporation Ltd - Mixed Results; Orderbook Remains Strong

Minda Corp Ltd

Minda Corporation Ltd - Mixed Results; Orderbook Remains Strong