*Narayana Hrudayalaya Ltd.* | *CMP* Rs. 547 | *M Cap* Rs. 11179 Cr | *52 W H/L* 567/301
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 940.3 Cr (9.4% QoQ, 56.5% YoY) vs expectation of Rs. 850.7 Cr, QoQ Rs. 859.8 Cr, YoY Rs. 600.7 Cr
EBIDTA came at Rs. 168.9 Cr (26.3% QoQ, 531.1% YoY) vs expectation of Rs. 141.1 Cr, QoQ Rs. 133.7 Cr, YoY Rs. 26.8 Cr
EBITDA Margin came at 18% vs expectation of 16.6%, QoQ 15.5%, YoY 4.5%
Adj. PAT came at Rs. 99.4 Cr vs expectation of Rs. 59.8 Cr, QoQ Rs. 76.2 Cr, YoY Rs. -3.4 Cr
Quarter EPS is Rs. 4.9
Share is trading at P/E of 31.5x FY23E EPS