*Ester Industries Ltd.* | *CMP* Rs. 145 | *M Cap* Rs. 1208 Cr | *52 W H/L* 165/98
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 333 Cr (4.4% QoQ, 32.9% YoY) vs QoQ Rs. 318.9 Cr, YoY Rs. 250.5 Cr
EBIDTA came at Rs. 55.1 Cr (-10.7% QoQ, -20.8% YoY) vs QoQ Rs. 61.7 Cr, YoY Rs. 69.6 Cr
EBITDA Margin came at 16.6% vs QoQ 19.4%, YoY 27.8%
Adj. PAT came at Rs. 32.3 Cr vs QoQ Rs. 36.9 Cr, YoY Rs. 44.2 Cr
Quarter EPS is Rs. 3.9
Share is trading at P/E of 9.1x TTM EPS