*Bajaj Hindusthan Sugar Ltd.* | *CMP* Rs. 25 | *M Cap* Rs. 3193 Cr | *52 W H/L* 46/17 (Nirmal Bang Retail Research) *Result has improved* Revenue from Operations came at Rs. 1553.7 Cr (5.3% QoQ, -16.9% YoY) vs QoQ Rs. 1475.8 Cr, YoY Rs. 1870.3 Cr EBIDTA came at Rs. 285.6 Cr (-1266.6% QoQ, 68.2% YoY) vs QoQ Rs. -24.5 Cr, YoY Rs. 169.8 Cr EBITDA Margin came at 18.4% vs QoQ -1.7%, YoY 9.1% Adj. PAT came at Rs. 217.7 Cr vs QoQ Rs. -102 Cr, YoY Rs. 90.8 Cr Quarter EPS is Rs. 1.7 Stock is trading at P/E of -122.1x TTM EPS