*Engineers India Ltd.* | *CMP* Rs. 72 | *M Cap* Rs. 4540 Cr | *52 W H/L* 94/64
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 656.8 Cr (-12% QoQ, -5.1% YoY) vs QoQ Rs. 746.1 Cr, YoY Rs. 692.3 Cr
EBIDTA came at Rs. 61.6 Cr (-42.1% QoQ, -22.2% YoY) vs QoQ Rs. 106.5 Cr, YoY Rs. 79.2 Cr
EBITDA Margin came at 9.4% vs QoQ 14.3%, YoY 11.4%
Adj. PAT came at Rs. 17 Cr vs QoQ Rs. 2.7 Cr, YoY Rs. 88.3 Cr
Quarter EPS is Rs. 0.3
Share is trading at P/E of 8.3x FY23E EPS