*Insecticides (India) Ltd.* | *CMP* Rs. 647 | *M Cap* Rs. 1277 Cr | *52 W H/L* 847/393
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 443.9 Cr (-5.2% QoQ, -2.6% YoY) vs QoQ Rs. 468.3 Cr, YoY Rs. 455.8 Cr
EBIDTA came at Rs. 64.2 Cr (20.9% QoQ, 11.1% YoY) vs QoQ Rs. 53.1 Cr, YoY Rs. 57.7 Cr
EBITDA Margin came at 14.5% vs QoQ 11.3%, YoY 12.7%
Adj. PAT came at Rs. 41.9 Cr vs QoQ Rs. 35 Cr, YoY Rs. 41.6 Cr
Quarter EPS is Rs. 21.2
Share is trading at P/E of 8.8x FY23E EPS