*Transrail Lighting Ltd.* | *CMP* Rs. 586 | *M Cap* Rs. 7867 Cr | *52 W H/L* 719/474 (Nirmal Bang Retail Research) *Result Improved* Revenue from Operations came at Rs. 1357.6 Cr (24.7% QoQ, 62.1% YoY) vs QoQ Rs. 1088.4 Cr, YoY Rs. 837.3 Cr EBIDTA came at Rs. 179.3 Cr (29.6% QoQ, 86.4% YoY) vs QoQ Rs. 138.4 Cr, YoY Rs. 96.2 Cr EBITDA Margin came at 13.2% vs QoQ 12.7%, YoY 11.5% Adj. PAT came at Rs. 93.2 Cr vs QoQ Rs. 55.1 Cr, YoY Rs. 48.6 Cr Quarter EPS is Rs. 6.9 Stock is trading at P/E of 21x Q3 annualised EPS *Devyani International Ltd.* | *CMP* Rs. 172 | *M Cap* Rs. 20754 Cr | *52 W H/L* 223/142 (Nirmal Bang Retail Research) *Result is inline with expectations* Revenue from Operations came at Rs. 1294.4 Cr (5.9% QoQ, 53.5% YoY) vs expectation of Rs. 1305.8 Cr, QoQ Rs. 1222.2 Cr, YoY Rs. 843.1 Cr EBIDTA came at Rs. 213.3 Cr (7.3% QoQ, 45.8% YoY) vs expectation of Rs. 214.7 Cr, QoQ Rs. 198.7 Cr, YoY Rs. 146.3 Cr EBITDA Margin came at 16.5% vs expectation of 16.4%, QoQ 16.3%, YoY 17.4% Adj. PAT came at Rs. -0.5 Cr vs expectation of Rs. 21.2 Cr, QoQ Rs. -1.1 Cr, YoY Rs. 9.6 Cr Quarter EPS is Rs. 0 Stock is trading at P/E of 107.9x FY26E EPS *GPT Healthcare Ltd.* | *CMP* Rs. 152 | *M Cap* Rs. 1247 Cr | *52 W H/L* 220/129 (Nirmal Bang Retail Research) *Result ok* Revenue from Operations came at Rs. 102.2 Cr (-3.3% QoQ, 5.8% YoY) vs QoQ Rs. 105.7 Cr, YoY Rs. 96.6 Cr EBIDTA came at Rs. 21.3 Cr (-9.2% QoQ, 1.2% YoY) vs QoQ Rs. 23.4 Cr, YoY Rs. 21 Cr EBITDA Margin came at 20.8% vs QoQ 22.2%, YoY 21.7% Adj. PAT came at Rs. 12.2 Cr vs QoQ Rs. 14.8 Cr, YoY Rs. 11.5 Cr Quarter EPS is Rs. 1.5 Stock is trading at P/E of 25x TTM EPS *Sequent Scientific Ltd.* | *CMP* Rs. 151 | *M Cap* Rs. 3767 Cr | *52 W H/L* 241/92 (Nirmal Bang Retail Research) *Result is ok* Revenue from Operations came at Rs. 390.8 Cr (6% QoQ, 18.7% YoY) vs QoQ Rs. 368.7 Cr, YoY Rs. 329.4 Cr EBIDTA came at Rs. 34.5 Cr (-11.8% QoQ, 55.1% YoY) vs QoQ Rs. 39.1 Cr, YoY Rs. 22.2 Cr EBITDA Margin came at 8.8% vs QoQ 10.6%, YoY 6.8% Adj. PAT came at Rs. 3.8 Cr vs QoQ Rs. 6.9 Cr, YoY Rs. 5.5 Cr Quarter EPS is Rs. 0.1 Stock is trading at P/E of 179.5x TTM EPS