*TCNS Clothing Co. Ltd.* | *CMP* Rs. 821 | *M Cap* Rs. 5052 Cr | *52 W H/L* 823/354
(Nirmal Bang Retail Research)
*Result improved*
*Gross margin improved and came at 62.7% vs QoQ 55.8% yoy 51.6%, highest in last 5 quarter*
Revenue from Operations came at Rs. 239.3 Cr (155% QoQ, 66% YoY) vs QoQ Rs. 93.8 Cr, YoY Rs. 144.1 Cr
EBIDTA came at Rs. 3 Cr (-112.9% QoQ, -118.6% YoY) vs QoQ Rs. -23.4 Cr, YoY Rs. -16.3 Cr
EBITDA Margin came at 1.3% vs QoQ -24.9%, YoY -11.3%
Adj. PAT came at Rs. 1.1 Cr vs QoQ Rs. -36.1 Cr, YoY Rs. -27.6 Cr
Quarter EPS is Rs. 0.2
Share is trading at P/E of 49x FY23E EPS