*Galaxy Surfactants Ltd.* | *CMP* Rs. 3145 | *M Cap* Rs. 11151 Cr | *52 W H/L* 3600/1620
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 877.3 Cr (6.2% QoQ, 22.1% YoY) vs expectation of Rs. 879.6 Cr, QoQ Rs. 826.4 Cr, YoY Rs. 718.7 Cr
EBIDTA came at Rs. 70.9 Cr (-34.7% QoQ, -41.7% YoY) vs expectation of Rs. 115.3 Cr, QoQ Rs. 108.5 Cr, YoY Rs. 121.5 Cr
EBITDA Margin came at 8.1% vs expectation of 13.1%, QoQ 13.1%, YoY 16.9%
Adj. PAT came at Rs. 41.9 Cr vs expectation of Rs. 77.8 Cr, QoQ Rs. 76.8 Cr, YoY Rs. 81.7 Cr
Quarter EPS is Rs. 11.8
Share is trading at P/E of 29.3x FY23E EPS