*CCL Products (India) Ltd.* | *CMP* Rs. 365 | *M Cap* Rs. 4856 Cr | *52 W H/L* 495/225
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 336.6 Cr (3.2% QoQ, 4.5% YoY) vs expectation of Rs. 372.6 Cr, QoQ Rs. 326.1 Cr, YoY Rs. 322.1 Cr
EBIDTA came at Rs. 82.3 Cr (14.3% QoQ, 6.1% YoY) vs expectation of Rs. 83.6 Cr, QoQ Rs. 72 Cr, YoY Rs. 77.5 Cr
EBITDA Margin came at 24.4% vs expectation of 22.4%, QoQ 22.1%, YoY 24.1%
Adj. PAT came at Rs. 49.3 Cr vs expectation of Rs. 52.4 Cr, QoQ Rs. 43.8 Cr, YoY Rs. 47.5 Cr
Quarter EPS is Rs. 3.7
Share is trading at P/E of 16.4x FY23E EPS