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>EBITDA Beat Our Estimate: EBITDA stood at Rs 2,708 Cr (up 81%/15% YoY/QoQ), beating our estimate by 13%.</li><li>This robust performance was primarily driven by higher LME Aluminium realizations ($3,565/t, up 46% YoY) and strong Aluminium segment EBIT growth (+159% YoY), which comfortably offset lower Alumina division profitability (-46% YoY) and input cost inflation in power &amp; fuel.</li><li>Alumina Refinery Expansion: Trial runs are underway at the 1.0 mtpa 5th stream Alumina refinery, following mechanical completion across 50+ packages. </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>

EBITDA Beat Our Estimate: EBITDA stood at Rs 2,708 Cr (up 81%/15% YoY/QoQ), beating our estimate by 13%.This robust performance was primarily driven by higher LME Aluminium realizations ($3,565/t, up 46% YoY) and strong Aluminium segment EBIT growth (+159% YoY), which comfortably offset lower Alumina division profitability (-46% YoY) and input cost inflation in power &amp; fuel.Alumina Refinery Expansion: Trial runs are underway at the 1.0 mtpa 5th stream Alumina refinery, following mechanical completion across 50+ packages. 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.

National Aluminium Co Ltd (NALCO) - Q1: Strong All-Round Performance