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*Prince Pipes & Fittings Ltd.* | *CMP* Rs. 573 | *M Cap* Rs. 6304 Cr | *52 W H/L* 592/75
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 761.4 Cr (38.7% QoQ, 76.7% YoY) vs expectation of Rs. 631 Cr, QoQ Rs. 549 Cr, YoY Rs. 430.8 Cr
EBIDTA came at Rs. 146.8 Cr (42.6% QoQ, 154.7% YoY) vs expectation of Rs. 104.4 Cr, QoQ Rs. 102.9 Cr, YoY Rs. 57.6 Cr
EBITDA Margin came at 19.3% vs expectation of 16.6%, QoQ 18.8%, YoY 13.4%
Adj. PAT came at Rs. 97.2 Cr vs expectation of Rs. 65.6 Cr, QoQ Rs. 66.8 Cr, YoY Rs. 28.3 Cr
Quarter EPS is Rs. 8.8
Share is trading at P/E of 33.1x FY22E EPS

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*Sonata Software Ltd.* | *CMP* Rs. 587 | *M Cap* Rs. 6173 Cr | *52 W H/L* 634/185
(Nirmal Bang Retail Research)
Dollar revenue came at $ 44 mn vs expectation of $ 42.3 mn, QoQ $ 41 mn, YoY $ 44.4 mn
*Result is above expectations*
Revenue from Operations came at Rs. 1075.7 Cr (-23% QoQ, 15.8% YoY) vs expectation of Rs. 1004.9 Cr, QoQ Rs. 1396.2 Cr, YoY Rs. 928.7 Cr
EBIDTA came at Rs. 103.1 Cr (-7.1% QoQ, 24.1% YoY) vs expectation of Rs. 100.6 Cr, QoQ Rs. 110.9 Cr, YoY Rs. 83 Cr
EBITDA Margin came at 9.6% vs expectation of 10%, QoQ 7.9%, YoY 8.9%
Adj. PAT came at Rs. 83.1 Cr vs expectation of Rs. 68.1 Cr, QoQ Rs. 53.8 Cr, YoY Rs. 61.8 Cr
Quarter EPS is Rs. 7.9
Share is trading at P/E of 19.4x FY22E EPS
*IT Services*
Revenue from Operations came at Rs. 319 Cr (6% QoQ, -2% YoY) vs QoQ Rs. 300.9 Cr, YoY Rs. 325.5 Cr
EBIDTA excl other income came at Rs. 71.6 Cr (-14.6% QoQ, 19.1% YoY) vs QoQ Rs. 83.9 Cr, YoY Rs. 60.1 Cr
EBITDA Margin came at 22.4% vs QoQ 27.9%, YoY 18.5%
Adj. PAT came at Rs. 60.5 Cr vs QoQ Rs. 41.4 Cr, YoY Rs. 45.2 Cr
*Domestic Business*
Revenue from Operations came at Rs. 761.5 Cr (-30.7% QoQ, 25.5% YoY) vs QoQ Rs. 1099.4 Cr, YoY Rs. 607 Cr
EBIDTA came at Rs. 31.8 Cr (16.5% QoQ, 37.1% YoY) vs QoQ Rs. 27.3 Cr, YoY Rs. 23.2 Cr
EBITDA Margin came at 4.2% vs QoQ 2.5%, YoY 3.8%
Adj. PAT came at Rs. 22.6 Cr vs QoQ Rs. 12.4 Cr, YoY Rs. 16.6 Cr Share is trading at 19.4x FY22 EPS

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*Learning and earning group*

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*Knowledge Enhancement Group*
*Sagar Cements Ltd.* | *CMP* Rs. 804 | *M Cap* Rs. 1890 Cr | *52 W H/L* 829/255
(Nirmal Bang Retail Research)
*Result marginally below expectation*
Revenue from Operations came at Rs. 417.7 Cr (14.8% QoQ, 37.6% YoY) vs expectation of Rs. 403.5 Cr, QoQ Rs. 363.7 Cr, YoY Rs. 303.6 Cr
Volume came at 1.02mnT vs QoQ 0.86mnT and YoY 0.84mnT
Realisation came at Rs. 4083.71 Cr vs QoQ Rs 4226.14 Cr, YoY Rs 3627.22 Cr
EBIDTA came at Rs. 104.3 Cr (-0.2% QoQ, 133.5% YoY) vs expectation of Rs. 108.7 Cr, QoQ Rs. 104.4 Cr, YoY Rs. 44.7 Cr
EBITDA Margin came at 25% vs expectation of 27%, QoQ 28.7%, YoY 14.7%
EBIDTA/Tonne came at Rs 1019.34 Cr vs QoQ Rs 1213.33 Cr, YoY Rs 533.5 Cr
Adj. PAT came at Rs. 50 Cr vs expectation of Rs. 51.8 Cr, QoQ Rs. 49.7 Cr, YoY Rs. 1.3 Cr
Quarter EPS is Rs. 21.3
Share is trading at P/E of 12.4x FY22E EPS

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*Learning and earning group*

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*Knowledge Enhancement Group*
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