Noida Toll Bridge - Result Update - Nirmal Bang

- Results are good

- Revenue grew 11% yoy while EBITDA grew 18% yoy on lower operating expenses. EBITDA margins expanded both yoy and qoq to 74%

- PAT grew 15% yoy, on lower interest and depreciation charges

- The stock is trading at TTM PE of 9.3x

- View: Positive

Source : Equity Bulls

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