*Elgi Equipments Ltd.* | *CMP* Rs. 204 | *M Cap* Rs. 6465 Cr | *52 W H/L* 244/107
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 652 Cr (33.2% QoQ, 35.8% YoY) vs expectation of Rs. 547.1 Cr, QoQ Rs. 489.4 Cr, YoY Rs. 480.3 Cr
EBIDTA came at Rs. 80.2 Cr (149.5% QoQ, 20.8% YoY) vs expectation of Rs. 53.2 Cr, QoQ Rs. 32.1 Cr, YoY Rs. 66.3 Cr
EBITDA Margin came at 12.3% vs expectation of 9.7%, QoQ 6.6%, YoY 13.8%
Adj. PAT came at Rs. 51.6 Cr vs expectation of Rs. 24.9 Cr, QoQ Rs. 12 Cr, YoY Rs. 33.2 Cr
Quarter EPS is Rs. 1.6
Share is trading at P/E of 35.9x FY23E EPS