*Gujarat State Fertilizers & Chemicals Ltd.* | *CMP* Rs. 131 | *M Cap* Rs. 5220 Cr | *52 W H/L* 151/63
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 2532 Cr (36.8% QoQ, 19.9% YoY) vs QoQ Rs. 1850.9 Cr, YoY Rs. 2110.9 Cr
EBIDTA came at Rs. 330.8 Cr (64.7% QoQ, 59.2% YoY) vs QoQ Rs. 200.9 Cr, YoY Rs. 207.8 Cr
EBITDA Margin came at 13.1% vs QoQ 10.9%, YoY 9.8%
Adj. PAT came at Rs. 231.3 Cr vs QoQ Rs. 136.1 Cr, YoY Rs. 172.8 Cr
Quarter EPS is Rs. 5.8
Share is trading at P/E of 9.3x FY23E EPS