*Kajaria Ceramics Ltd.* | *CMP* Rs. 1216 | *M Cap* Rs. 19344 Cr | *52 W H/L* 1319/533
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 973.6 Cr (73.3% QoQ, 36.6% YoY) vs expectation of Rs. 830.5 Cr, QoQ Rs. 561.7 Cr, YoY Rs. 712.5 Cr
EBIDTA came at Rs. 180.5 Cr (124.4% QoQ, 25.6% YoY) vs expectation of Rs. 144.1 Cr, QoQ Rs. 80.4 Cr, YoY Rs. 143.7 Cr
EBITDA Margin came at 18.5% vs expectation of 17.3%, QoQ 14.3%, YoY 20.2%
Adj. PAT came at Rs. 115.9 Cr vs expectation of Rs. 91.6 Cr, QoQ Rs. 43.1 Cr, YoY Rs. 89.1 Cr
Quarter EPS is Rs. 7.3
Share is trading at P/E of 39x FY23E EPS