*Tube Investments of India Ltd.* | *CMP* Rs. 1421 | *M Cap* Rs. 27408 Cr | *52 W H/L* 1545/629
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 3262.8 Cr (33.9% QoQ, 173.4% YoY) vs expectation of Rs. 2087.1 Cr, QoQ Rs. 2437.5 Cr, YoY Rs. 1193.3 Cr
EBIDTA came at Rs. 376.8 Cr (34.3% QoQ, 115.5% YoY) vs expectation of Rs. 272.2 Cr, QoQ Rs. 280.5 Cr, YoY Rs. 174.8 Cr
EBITDA Margin came at 11.5% vs expectation of 13%, QoQ 11.5%, YoY 14.6%
Adj. PAT came at Rs. 168.5 Cr vs expectation of Rs. 154.9 Cr, QoQ Rs. 120 Cr, YoY Rs. 99.2 Cr
Quarter EPS is Rs. 8.7
Share is trading at P/E of 32.4x FY23E EPS