*Dhanuka Agritech Ltd.* | *CMP* Rs. 731 | *M Cap* Rs. 3405 Cr | *52 W H/L* 1054/658
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 438.8 Cr (20.6% QoQ, -0.8% YoY) vs expectation of Rs. 410.1 Cr, QoQ Rs. 363.8 Cr, YoY Rs. 442.4 Cr
EBIDTA came at Rs. 82.2 Cr (34.4% QoQ, -7.7% YoY) vs expectation of Rs. 66.8 Cr, QoQ Rs. 61.1 Cr, YoY Rs. 89 Cr
EBITDA Margin came at 18.7% vs expectation of 16.3%, QoQ 16.8%, YoY 20.1%
Adj. PAT came at Rs. 63.4 Cr vs expectation of Rs. 52.5 Cr, QoQ Rs. 48.6 Cr, YoY Rs. 70.1 Cr
Quarter EPS is Rs. 13.6
Share is trading at P/E of 13.6x FY23E EPS