*Atul Ltd.* | *CMP* Rs. 9722 | *M Cap* Rs. 28765 Cr | *52 W H/L* 10975/6220
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 1380.3 Cr (10.4% QoQ, 44.9% YoY) vs expectation of Rs. 1278.7 Cr, QoQ Rs. 1250 Cr, YoY Rs. 952.9 Cr
EBIDTA came at Rs. 251.5 Cr (15% QoQ, 3.5% YoY) vs expectation of Rs. 237.7 Cr, QoQ Rs. 218.7 Cr, YoY Rs. 243 Cr
EBITDA Margin came at 18.2% vs expectation of 18.6%, QoQ 17.5%, YoY 25.5%
Adj. PAT came at Rs. 155.4 Cr vs expectation of Rs. 162.6 Cr, QoQ Rs. 146.6 Cr, YoY Rs. 188.6 Cr
Quarter EPS is Rs. 52.5
Stock is trading at P/E of 34.1x FY23E EPS