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>Mindtree's revenue stood at Rs 3,400 Cr in Q2FY23, reporting strong revenue growth of 31.5% YoY and 8.9% QoQ.</li><li>The company posted operating profits of Rs 716 Cr, registering a growth of 8.8% QoQ and demonstrating the company’s superior execution and better service mix.</li><li>The company’s Operating Margins stood flattish at 21% despite wage hikes and were aided by superior execution, cost optimization efforts, and currency translation.</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>

Mindtree's revenue stood at Rs 3,400 Cr in Q2FY23, reporting strong revenue growth of 31.5% YoY and 8.9% QoQ.The company posted operating profits of Rs 716 Cr, registering a growth of 8.8% QoQ and demonstrating the company’s superior execution and better service mix.The company’s Operating Margins stood flattish at 21% despite wage hikes and were aided by superior execution, cost optimization efforts, and currency translation.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.

Mindtree Ltd - Robust Revenue Growth; Superior Execution to Support Further Growth