*Sadbhav Engineering Ltd.* | *CMP* Rs. 49 | *M Cap* Rs. 833 Cr | *52 W H/L* 97/37
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 262.5 Cr (-0.1% QoQ, -36.3% YoY) vs expectation of Rs. 385.5 Cr, QoQ Rs. 262.8 Cr, YoY Rs. 412.2 Cr
EBIDTA came at Rs. 35.2 Cr (45.6% QoQ, -29.4% YoY) vs expectation of Rs. 43.9 Cr, QoQ Rs. 24.2 Cr, YoY Rs. 49.8 Cr
EBITDA Margin came at 13.4% vs expectation of 11.4%, QoQ 9.2%, YoY 12.1%
Adj. PAT came at Rs. 4.3 Cr vs expectation of Rs. -0.1 Cr, QoQ Rs. -16.9 Cr, YoY Rs. 5.2 Cr
Quarter EPS is Rs. 0.3
Share is trading at P/E of 8x FY23E EPS