*Brainbees Solutions Ltd.* | *CMP* Rs. 488 | *M Cap* Rs. 25336 Cr | *52 W H/L* 734/484 (Nirmal Bang Retail Research) *Result ahead of Expectation* Revenue from Operations came at Rs. 2172.3 Cr (14% QoQ, 14.3% YoY) vs expectation of Rs. 2227.5 Cr, QoQ Rs. 1904.9 Cr, YoY Rs. 1900.2 Cr EBIDTA came at Rs. 107.9 Cr (89.1% QoQ, 84% YoY) vs expectation of Rs. 68.7 Cr, QoQ Rs. 57 Cr, YoY Rs. 58.6 Cr EBITDA Margin came at 5% vs expectation of 3.1%, QoQ 3%, YoY 3.1% Adj. PAT came at Rs. -8.3 Cr vs expectation of Rs. -12.4 Cr, QoQ Rs. -49.2 Cr, YoY Rs. -31.6 Cr Quarter EPS is Rs. -0.2 Stock is trading at EV/Sales of 2.6x FY26E