*Shilpa Medicare Ltd.* | *CMP* Rs. 576 | *M Cap* Rs. 4696 Cr | *52 W H/L* 671/312
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 295.3 Cr (24.4% QoQ, 5.9% YoY) vs QoQ Rs. 237.4 Cr, YoY Rs. 278.9 Cr
EBIDTA came at Rs. 53.2 Cr (66.7% QoQ, -22.6% YoY) vs QoQ Rs. 31.9 Cr, YoY Rs. 68.7 Cr
EBITDA Margin came at 18% vs QoQ 13.4%, YoY 24.6%
Adj. PAT came at Rs. 20 Cr vs QoQ Rs. 1.6 Cr, YoY Rs. 45.4 Cr
Quarter EPS is Rs. 2.4
Share is trading at P/E of 30.2x FY23E EPS