*Thyrocare Technologies Ltd.* | *CMP* Rs. 1128 | *M Cap* Rs. 5967 Cr | *52 W H/L* 1466/830
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 176.2 Cr (7% QoQ, 15% YoY) vs expectation of Rs. 165.7 Cr, QoQ Rs. 164.7 Cr, YoY Rs. 153.3 Cr
EBIDTA came at Rs. 89.3 Cr (25.4% QoQ, 44.2% YoY) vs expectation of Rs. 68.6 Cr, QoQ Rs. 71.2 Cr, YoY Rs. 61.9 Cr
EBITDA Margin came at 50.7% vs expectation of 41.4%, QoQ 43.3%, YoY 40.4%
Adj. PAT came at Rs. 77.7 Cr vs expectation of Rs. 47.5 Cr, QoQ Rs. 55.6 Cr, YoY Rs. 43.1 Cr
Quarter EPS is Rs. 14.7
Share is trading at P/E of 33.4x FY23E EPS