*Tinna Rubber And Infrastructure Ltd.* | *CMP* Rs. 1207 | *M Cap* Rs. 2068 Cr | *52 W H/L* 2179/540 (Nirmal Bang Retail Research) *Result declining* Revenue from Operations came at Rs. 122.7 Cr (4.3% QoQ, 31.6% YoY) vs QoQ Rs. 117.6 Cr, YoY Rs. 93.3 Cr EBIDTA came at Rs. 14.8 Cr (-22.8% QoQ, -6.1% YoY) vs QoQ Rs. 19.2 Cr, YoY Rs. 15.8 Cr EBITDA Margin came at 12.1% vs QoQ 16.3%, YoY 16.9% Adj. PAT came at Rs. 8.2 Cr vs QoQ Rs. 12.1 Cr, YoY Rs. 10 Cr Quarter EPS is Rs. 4.8 Stock is trading at P/E of 39.5x TTM EPS