*SRF Ltd.* | *CMP* Rs. 3791 | *M Cap* Rs. 21791 Cr | *52 W H/L* 4260/2334
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 1857.8 Cr (0.4% QoQ, -4.1% YoY) vs expectation of Rs. 1948.9 Cr, QoQ Rs. 1850.5 Cr, YoY Rs. 1937 Cr
EBIDTA came at Rs. 388.4 Cr (-0.5% QoQ, -0.1% YoY) vs expectation of Rs. 400.9 Cr, QoQ Rs. 390.2 Cr, YoY Rs. 388.9 Cr
EBITDA Margin came at 20.9% vs expectation of 20.6%, QoQ 21.1%, YoY 20.1%
Adj. PAT came at Rs. 194.2 Cr vs expectation of Rs. 203.6 Cr, QoQ Rs. 343 Cr, YoY Rs. 190.9 Cr
Quarter EPS is Rs. 33.8
Share is trading at P/E of 23.9x FY21E EPS