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

Steel Authority of India / Equity Bottom-Up

<ul><li>Q3 ahead of consensus: SAIL’s EBITDA, at Rs 2,294 Cr (up 13% YoY, down 9% QoQ), stood ahead of the consensus estimate by 7%.</li><li>The beat was led by better-than-expected steel sales volume, which stood at 5.15 MT (up 16%/5% YoY/QoQ).</li><li>SAIL’s topline also included inflow of Rs 1,279 Cr (Rs 1,140 Cr in Q2FY26) from the sale of scrap and by-products, which helped in supporting NSR/t at Rs 53,169/t, 2% ahead of our estimate.</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>

Q3 ahead of consensus: SAIL’s EBITDA, at Rs 2,294 Cr (up 13% YoY, down 9% QoQ), stood ahead of the consensus estimate by 7%.The beat was led by better-than-expected steel sales volume, which stood at 5.15 MT (up 16%/5% YoY/QoQ).SAIL’s topline also included inflow of Rs 1,279 Cr (Rs 1,140 Cr in Q2FY26) from the sale of scrap and by-products, which helped in supporting NSR/t at Rs 53,169/t, 2% ahead of our estimate.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.

Steel Authority of India Ltd - Q3 EBITDA Beats Consensus; Volumes Continue to Surprise Positively