*Redington (India) Ltd.* | *CMP* Rs. 145 | *M Cap* Rs. 11329 Cr | *52 W H/L* 178/57
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 15287.5 Cr (13.6% QoQ, 11.1% YoY) vs expectation of Rs. 15736.9 Cr, QoQ Rs. 13454.1 Cr, YoY Rs. 13763.9 Cr
EBIDTA came at Rs. 431.6 Cr (25.4% QoQ, 49.4% YoY) vs expectation of Rs. 389.3 Cr, QoQ Rs. 344.3 Cr, YoY Rs. 288.8 Cr
EBITDA Margin came at 2.8% vs expectation of 2.5%, QoQ 2.6%, YoY 2.1%
Adj. PAT came at Rs. 307.2 Cr vs expectation of Rs. 257.9 Cr, QoQ Rs. 236.7 Cr, YoY Rs. 175.8 Cr
Quarter EPS is Rs. 3.9
Share is trading at P/E of 8.2x FY23E EPS