*Sundram Fasteners Ltd.* | *CMP* Rs. 830 | *M Cap* Rs. 17441 Cr | *52 W H/L* 994/418
(Nirmal Bang Retail Research)
*Result below expectation*
Revenue from Operations came at Rs. 1242.3 Cr (11.7% QoQ, 39.7% YoY) vs expectation of Rs. 1216.9 Cr, QoQ Rs. 1112.4 Cr, YoY Rs. 889.3 Cr
EBIDTA came at Rs. 218.5 Cr (9% QoQ, 22.4% YoY) vs expectation of Rs. 235.8 Cr, QoQ Rs. 200.5 Cr, YoY Rs. 178.6 Cr
EBITDA Margin came at 17.6% vs expectation of 19.4%, QoQ 18%, YoY 20.1%
Adj. PAT came at Rs. 122.5 Cr vs expectation of Rs. 145.4 Cr, QoQ Rs. 119.6 Cr, YoY Rs. 102.4 Cr
Quarter EPS is Rs. 5.8
Share is trading at P/E of 25.2x FY23E EPS