*Sudarshan Chemical Industries Ltd.* | *CMP* Rs. 580 | *M Cap* Rs. 4015 Cr | *52 W H/L* 794/431
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 498 Cr (5.1% QoQ, 16.1% YoY) vs expectation of Rs. 484.6 Cr, QoQ Rs. 473.9 Cr, YoY Rs. 428.9 Cr
EBIDTA came at Rs. 52.9 Cr (-14.7% QoQ, -21.9% YoY) vs expectation of Rs. 61.5 Cr, QoQ Rs. 62 Cr, YoY Rs. 67.7 Cr
EBITDA Margin came at 10.6% vs expectation of 12.7%, QoQ 13.1%, YoY 15.8%
Adj. PAT came at Rs. 22.8 Cr vs expectation of Rs. 27 Cr, QoQ Rs. 26.2 Cr, YoY Rs. 30.3 Cr
Quarter EPS is Rs. 3.3
Share is trading at P/E of 18x FY23E EPS