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>Uno Minda's Q3FY24 revenue grew by 21% YoY (flat QoQ), beating our estimates by 4%.</li><li>This growth was led by a 5%/19% YoY increase in PV/2W industry volumes respectively, along with strong performances from EV products, lighting switch sensor controllers, and the alloy wheel business, which pushed revenues higher.</li><li>The company’s EBITDA (inline) grew by 12% YoY (flat QoQ), and EBITDA margins (missing by 20 bps) stood at 10.8%, down 83 bps YoY (flat QoQ). </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>

Uno Minda's Q3FY24 revenue grew by 21% YoY (flat QoQ), beating our estimates by 4%.This growth was led by a 5%/19% YoY increase in PV/2W industry volumes respectively, along with strong performances from EV products, lighting switch sensor controllers, and the alloy wheel business, which pushed revenues higher.The company’s EBITDA (inline) grew by 12% YoY (flat QoQ), and EBITDA margins (missing by 20 bps) stood at 10.8%, down 83 bps YoY (flat QoQ). 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.

Uno Minda - Q3: Reports Mixed Nos; Outperformance Likely To Continue

UNO Minda

Uno Minda - Q3: Reports Mixed Nos; Outperformance Likely To Continue