Stock Market Live Updates 29 May 2024: Asian indices drop in early trade as Wall Street shows mixed signals


(Nirmal Bang Retail Research)

Result above expectations 

Revenue from Operations came at Rs. 3579.1 Cr (6.9% QoQ, -2.5% YoY) vs expectation of Rs. 3705.3 Cr, QoQ Rs. 3346.9 Cr, YoY Rs. 3670.9 Cr 

EBIDTA came at Rs. 1107.5 Cr (43.3% QoQ, 44.5% YoY) vs expectation of Rs. 917.7 Cr, QoQ Rs. 773.1 Cr, YoY Rs. 766.5 Cr 

EBITDA Margin came at 30.9% vs expectation of 24.8%, QoQ 23.1%, YoY 20.9% 

Adj. PAT came at Rs. 589 Cr vs expectation of Rs. 578.8 Cr, QoQ Rs. 488.5 Cr, YoY Rs. 521.9 Cr 

Quarter EPS is Rs. 3.2 

Stock is trading at EV/EBITDA of 8.5x FY26E EBITDA

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