*Advanced Enzyme Technologies Ltd.* | *CMP* Rs. 373 | *M Cap* Rs. 4169 Cr | *52 W H/L* 504/281
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 127.1 Cr (-7.3% QoQ, 5.6% YoY) vs QoQ Rs. 137 Cr, YoY Rs. 120.4 Cr
EBIDTA came at Rs. 49.3 Cr (-21.5% QoQ, -15.8% YoY) vs QoQ Rs. 62.8 Cr, YoY Rs. 58.5 Cr
EBITDA Margin came at 38.8% vs QoQ 45.8%, YoY 48.6%
Adj. PAT came at Rs. 29.7 Cr vs QoQ Rs. 38 Cr, YoY Rs. 37.2 Cr
Quarter EPS is Rs. 2.7
Share is trading at P/E of 19.9x FY23E EPS