*Symphony Ltd.* | *CMP* Rs. 892 | *M Cap* Rs. 6240 Cr | *52 W H/L* 1568/690
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 249 Cr (-14.1% QoQ, 6% YoY) vs expectation of Rs. 210.4 Cr, QoQ Rs. 290 Cr, YoY Rs. 235 Cr
EBIDTA came at Rs. 43 Cr (-36.8% QoQ, 48.3% YoY) vs expectation of Rs. 34.3 Cr, QoQ Rs. 68 Cr, YoY Rs. 29 Cr
EBITDA Margin came at 17.3% vs expectation of 16.3%, QoQ 23.4%, YoY 12.3%
Adj. PAT came at Rs. 40 Cr vs expectation of Rs. 26.9 Cr, QoQ Rs. 51 Cr, YoY Rs. 24 Cr
Quarter EPS is Rs. 5.7
Share is trading at P/E of 29.4x FY21E EPS