*Greenlam Industries Ltd.* | *CMP* Rs. 264 | *M Cap* Rs. 6735 Cr | *52 W H/L* 331/187 (Nirmal Bang Retail Research) *Result has declined* Revenue from Operations came at Rs. 681.8 Cr (13.2% QoQ, 9.2% YoY) vs QoQ Rs. 602 Cr, YoY Rs. 624.1 Cr EBIDTA came at Rs. 64 Cr (0.7% QoQ, -23.4% YoY) vs QoQ Rs. 63.5 Cr, YoY Rs. 83.5 Cr EBITDA Margin came at 9.4% vs QoQ 10.6%, YoY 13.4% Adj. PAT came at Rs. 2.1 Cr vs QoQ Rs. 12.7 Cr, YoY Rs. 41 Cr Quarter EPS is Rs. 0.1 Stock is trading at P/E of 96.7x TTM EPS