*TCI Express Ltd.* | *CMP* Rs. 1655 | *M Cap* Rs. 6370 Cr | *52 W H/L* 1747/760
(Nirmal Bang Retail Research)
*Result inline with Expectation*
Revenue from Operations came at Rs. 273.4 Cr (22.7% QoQ, 28.4% YoY) vs expectation of Rs. 276.6 Cr, QoQ Rs. 222.9 Cr, YoY Rs. 213 Cr
EBIDTA came at Rs. 45.3 Cr (41.1% QoQ, 39% YoY) vs expectation of Rs. 47.1 Cr, QoQ Rs. 32.1 Cr, YoY Rs. 32.6 Cr
EBITDA Margin came at 16.6% vs expectation of 17%, QoQ 14.4%, YoY 15.3%
Adj. PAT came at Rs. 34 Cr vs expectation of Rs. 34.2 Cr, QoQ Rs. 23.8 Cr, YoY Rs. 23.5 Cr
Quarter EPS is Rs. 8.8
Share is trading at P/E of 37x FY23E EPS