*Ratnamani Metals & Tubes Ltd.* | *CMP* Rs. 2171 | *M Cap* Rs. 10146 Cr | *52 W H/L* 2300/1167
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Revenue from Operations came at Rs. 711.7 Cr (35.3% QoQ, 23.4% YoY) vs expectation of Rs. 720.6 Cr, QoQ Rs. 526 Cr, YoY Rs. 576.9 Cr
EBIDTA came at Rs. 111.3 Cr (31.4% QoQ, 36.1% YoY) vs expectation of Rs. 121.8 Cr, QoQ Rs. 84.8 Cr, YoY Rs. 81.8 Cr
EBITDA Margin came at 15.6% vs expectation of 16.9%, QoQ 16.1%, YoY 14.2%
Adj. PAT came at Rs. 71.5 Cr vs expectation of Rs. 82.2 Cr, QoQ Rs. 50.4 Cr, YoY Rs. 56.7 Cr
Quarter EPS is Rs. 15.3
Share is trading at EV/EBITDA of 15.95x FY23E EBITDA