*Godrej Agrovet Ltd.* | *CMP* Rs. 631 | *M Cap* Rs. 12122 Cr | *52 W H/L* 747/470
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Revenue from Operations came at Rs. 2154.1 Cr (8.1% QoQ, 25% YoY) vs expectation of Rs. 2164.1 Cr, QoQ Rs. 1992.8 Cr, YoY Rs. 1723.9 Cr
EBIDTA came at Rs. 190.4 Cr (12.3% QoQ, 10% YoY) vs expectation of Rs. 220.1 Cr, QoQ Rs. 169.5 Cr, YoY Rs. 173.2 Cr
EBITDA Margin came at 8.8% vs expectation of 10.2%, QoQ 8.5%, YoY 10%
Adj. PAT came at Rs. 109.3 Cr vs expectation of Rs. 137.3 Cr, QoQ Rs. 106 Cr, YoY Rs. 107 Cr
Quarter EPS is Rs. 5.7
Share is trading at P/E of 25.1x FY23E EPS