*Garden Reach Shipbuilders & Engineers Ltd.* | *CMP* Rs. 265 | *M Cap* Rs. 3036 Cr | *52 W H/L* 265/168
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 421.8 Cr (38.7% QoQ, 54.8% YoY) vs QoQ Rs. 304.2 Cr, YoY Rs. 272.4 Cr
EBIDTA came at Rs. 54.9 Cr (2650.1% QoQ, 64.5% YoY) vs QoQ Rs. 2 Cr, YoY Rs. 33.4 Cr
EBITDA Margin came at 13% vs QoQ 0.7%, YoY 12.3%
Adj. PAT came at Rs. 58.8 Cr vs QoQ Rs. 28.3 Cr, YoY Rs. 58.4 Cr
Quarter EPS is Rs. 5.1
Share is trading at P/E of 7.6x FY23E EPS