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>RITES Ltd. reported a weak set of numbers during Q1FY25 with revenue of Rs 486 Cr (down 11% YoY), due to poor performance in the Exports business and lower revenue in the Quality Assurance segment set off by growth in the remaining segments.</li><li>Its EBITDA stood at Rs 106 Cr (down 34% YoY), and PAT at Rs 90 Cr (down 24% YoY).</li><li>The company registered EBITDA Margins of 21.8% in Q1FY25 (our estimate: 27.5%) as against 29.6% in Q1FY24.</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>

RITES Ltd. reported a weak set of numbers during Q1FY25 with revenue of Rs 486 Cr (down 11% YoY), due to poor performance in the Exports business and lower revenue in the Quality Assurance segment set off by growth in the remaining segments.Its EBITDA stood at Rs 106 Cr (down 34% YoY), and PAT at Rs 90 Cr (down 24% YoY).The company registered EBITDA Margins of 21.8% in Q1FY25 (our estimate: 27.5%) as against 29.6% in Q1FY24.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.

RITES Ltd - Lackluster Performance; Retain HOLD