*Linde India Ltd.* | *CMP* Rs. 2557 | *M Cap* Rs. 21803 Cr | *52 W H/L* 2947/810
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 507.2 Cr (-2.3% QoQ, 37% YoY) vs expectation of Rs. 504.2 Cr, QoQ Rs. 519.2 Cr, YoY Rs. 370.3 Cr
EBIDTA came at Rs. 131.5 Cr (-3.4% QoQ, 51.4% YoY) vs expectation of Rs. 137.1 Cr, QoQ Rs. 136.2 Cr, YoY Rs. 86.9 Cr
EBITDA Margin came at 25.9% vs expectation of 27.2%, QoQ 26.2%, YoY 23.5%
Adj. PAT came at Rs. 63.7 Cr vs expectation of Rs. 70 Cr, QoQ Rs. 72.5 Cr, YoY Rs. 35.5 Cr
Quarter EPS is Rs. 7.5
Share is trading at P/E of 39.9x FY23E EPS