*SARDA ENERGY & MINERALS LTD.* | *CMP* Rs. 468 | *M Cap* Rs. 16491 Cr | *52 W H/L* 525/180 (Nirmal Bang Retail Research) *Result Ok* Higher EBITDA is on account of consolidation of SKS Power, Steel and Ferro alloy business has declined Revenue from Operations came at Rs. 1319.1 Cr (13.9% QoQ, 42.5% YoY) vs QoQ Rs. 1158.7 Cr, YoY Rs. 925.4 Cr EBIDTA came at Rs. 368.9 Cr (9.4% QoQ, 96% YoY) vs QoQ Rs. 337.3 Cr, YoY Rs. 188.2 Cr EBITDA Margin came at 28% vs QoQ 29.1%, YoY 20.3% Adj. PAT came at Rs. 197.4 Cr vs QoQ Rs. 195.4 Cr, YoY Rs. 119 Cr Quarter EPS is Rs. 5.6 Stock is trading at P/E of 24x TTM EPS