*Vaibhav Global Ltd.* | *CMP* Rs. 695 | *M Cap* Rs. 11375 Cr | *52 W H/L* 1058/369
(Nirmal Bang Retail Research)
*Result is declining*
*Though Gross margin remain stable at 66.7% QoQ 67.4% yoy 65.4%, the higher Content and Broadcasting Expenses lead to lower EBITDA *
Revenue from Operations came at Rs. 634.8 Cr (-6.9% QoQ, 6% YoY) vs QoQ Rs. 682 Cr, YoY Rs. 598.8 Cr
EBIDTA came at Rs. 66.8 Cr (-26.8% QoQ, -30.2% YoY) vs QoQ Rs. 91.2 Cr, YoY Rs. 95.8 Cr
EBITDA Margin came at 10.5% vs QoQ 13.4%, YoY 16%
Adj. PAT came at Rs. 42.1 Cr vs QoQ Rs. 65.9 Cr, YoY Rs. 70.6 Cr
Quarter EPS is Rs. 2.6
Share is trading at P/E of 44.4x TTM EPS