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.

Thematic (Sector/Industry)

India Industrials / Thematic (Sector/Industry)

Kalpataru Projects International (KPIL IN)

<ul><li>Financial Performance: During the quarter, road infrastructure companies under our coverage posted Revenue/EBITDA/PAT growth of - 9%/-5%/-2% YoY, compared to our expectation of -3%/-4%/-11% YoY.</li><li>The deviation in performance was primarily due to sluggish execution and delays in receiving AD. Profit deviation was attributed to KNR Constructions receiving an arbitration claim. </li><li>EBITDA Margins: In Q3FY25, road infrastructure companies reported EBITDA Margins of 15.3% against our estimate of 14.2%.</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>

Financial Performance: During the quarter, road infrastructure companies under our coverage posted Revenue/EBITDA/PAT growth of - 9%/-5%/-2% YoY, compared to our expectation of -3%/-4%/-11% YoY.The deviation in performance was primarily due to sluggish execution and delays in receiving AD. Profit deviation was attributed to KNR Constructions receiving an arbitration claim. EBITDA Margins: In Q3FY25, road infrastructure companies reported EBITDA Margins of 15.3% against our estimate of 14.2%.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.

Top Conviction Ideas - “Infra-Road & Others”