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>Execution-led Growth Momentum: Wabag reported a strong performance in Q3FY26, with consolidated revenue rising 19% YoY, broadly in line with expectations.</li><li>The growth reflects a recovery in execution across both EPC and O&amp;M segments.</li><li>Profitability improved sequentially, supported by a favourable project and geographic mix, with overseas operations contributing ~56% of total revenue during the quarter. </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>

Execution-led Growth Momentum: Wabag reported a strong performance in Q3FY26, with consolidated revenue rising 19% YoY, broadly in line with expectations.The growth reflects a recovery in execution across both EPC and O&amp;M segments.Profitability improved sequentially, supported by a favourable project and geographic mix, with overseas operations contributing ~56% of total revenue during the quarter. 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.

VA Tech Wabag Ltd - Healthy Order Inflows Sustain Growth Outlook; Maintain BUY