Live
- FIR registered as 4 voter forgery cases come to light in Delhi's Okhla constituency
- Ayodhya Ram temple to host majestic anniversary celebrations on Jan 11 with devotional, cultural programmes
- National Policy Framework on Agricultural Marketing draft silent on MSP: Punjab
- Thyrocare Sets Benchmark as The First National Diagnostic Chain with 100% of its Labs with NABL Accreditation
- Hisense India Partners with Reliance resQto Elevate After-Sales Service Nationwide
- RG Kar tragedy: CFSL reports suggest further probe to find whether rape & murder committed by only one or others involved
- PM Modi takes stock of 8 big infra projects worth Rs 1 lakh crore
- 98.5 pc land records digitised in rural areas, modernisation drive extended to 2026: Centre
- AP Sankranti Holidays 2025: Government Confirms Dates and Duration Amid Rumors
- I Must Have Been an Actor in My Past Life: Muralidhar Goud on His Passion for Cinema
PL First Cut – S Chand Ltd | 1QFY24
Prabhudas Lilladher Pvt Ltd
PL First Cut – S Chand Ltd | 1QFY24 – Jinesh Joshi – Research Analyst, Prabhudas Lilladher Pvt Ltd
PL First Cut – S Chand Ltd | 1QFY24 – Jinesh Joshi – Research Analyst, Prabhudas Lilladher Pvt Ltd
S Chand Ltd | 1QFY24 First Cut | Record Q1 Revenue and GM above our estimates | BUY | TP Rs257 |
✳️Top-line increased 3.5% YoY to Rs1,111mn (PLe of Rs1,052mn) versus Rs1,073mn in 1QFY23.
✳️Gross profit increased 5.8% YoY to Rs765mn (PLe of Rs641mn) with a GM of 68.8% (PLe 61.0%) as against 67.4% in 1QFY23 and 62.4% in 4QFY23.
✳️EBITDA grew by 13.5% YoY and stood at Rs135mn (PLe EBITDA loss of Rs63mn) as against an EBITDA of Rs119mn in 1QFY23.
✳️PAT declined 83% YoY and stood at Rs11mn in Q1FY24 (PLe Loss of Rs133mn) vs Rs62mn in 1QFY23. However, in the base quarter there was a revaluation gain of Rs98mn on Smartivity Labs.Adjusting for it, loss in Q1FY23 stood at Rs36mn versus a PAT of Rs11mn in Q1FY24
✳️S Chand trades at 12.0x/9.9x our FY24E/FY25E EPS estimate. Our current rating is BUY with a TP of Rs257 and we shall come back with more details post con-call scheduled on Monday at 12 PM. Dial- In Number - 22-6280 1360.
