*V-Guard Industries Ltd.* | *CMP* Rs. 243 | *M Cap* Rs. 10393 Cr | *52 W H/L* 252/183
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 619.3 Cr (-11.4% QoQ, 3.6% YoY) vs expectation of Rs. 653.7 Cr, QoQ Rs. 699.4 Cr, YoY Rs. 597.6 Cr
EBIDTA came at Rs. 66.6 Cr (-6.3% QoQ, 33.6% YoY) vs expectation of Rs. 59.7 Cr, QoQ Rs. 71.1 Cr, YoY Rs. 49.8 Cr
EBITDA Margin came at 10.8% vs expectation of 9.1%, QoQ 10.2%, YoY 8.3%
Adj. PAT came at Rs. 57.3 Cr vs expectation of Rs. 44.7 Cr, QoQ Rs. 52.5 Cr, YoY Rs. 38.2 Cr
Quarter EPS is Rs. 1.3
Share is trading at P/E of 48.3x FY20E EPS