*GR Infraprojects Ltd.* | *CMP* Rs. 2042 | *M Cap* Rs. 19744 Cr | *52 W H/L* 2277/1543
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 1882.4 Cr (-16.9% QoQ, 48.2% YoY) vs expectation of Rs. 1736.2 Cr, QoQ Rs. 2264.5 Cr, YoY Rs. 1270.1 Cr
EBIDTA came at Rs. 390.3 Cr (-17% QoQ, 5.4% YoY) vs expectation of Rs. 299.6 Cr, QoQ Rs. 470.4 Cr, YoY Rs. 370.1 Cr
EBITDA Margin came at 20.7% vs expectation of 17.3%, QoQ 20.8%, YoY 29.1%
Adj. PAT came at Rs. 188.6 Cr vs expectation of Rs. 172.8 Cr, QoQ Rs. 221.3 Cr, YoY Rs. 172 Cr
Quarter EPS is Rs. 19.5
Share is trading at P/E of 20.7x FY21 EPS