*ZF Steering Gear (India) Ltd.* | *CMP* Rs. 408 | *M Cap* Rs. 370 Cr | *52 W H/L* 935/335
(Nirmal Bang Retail Research)
*Result continued to remain weak*
Impact of Ind AS 116 is not material
Revenue from Operations came at Rs. 66.9 Cr (-30.4% QoQ, -38.5% YoY) vs QoQ Rs. 96.1 Cr, YoY Rs. 108.8 Cr
EBIDTA came at Rs. 5.7 Cr (-62.3% QoQ, -67.5% YoY) vs QoQ Rs. 15.2 Cr, YoY Rs. 17.6 Cr
EBITDA Margin came at 8.5% vs QoQ 15.8%, YoY 16.2%
Adj. PAT came at Rs. -0.8 Cr vs QoQ Rs. 8.6 Cr, YoY Rs. 8.7 Cr
Quarter EPS is Rs. -0.9
Share is trading at P/E of 7.8x TTM EPS