*B.L. Kashyap and Sons Ltd.* | *CMP* Rs. 72 | *M Cap* Rs. 1616 Cr | *52 W H/L* 121/43 (Nirmal Bang Retail Research) *Result has declined* Revenue from Operations came at Rs. 294.2 Cr (21.6% QoQ, -13.8% YoY) vs QoQ Rs. 241.9 Cr, YoY Rs. 341.2 Cr EBIDTA came at Rs. 19 Cr (202.3% QoQ, -42.7% YoY) vs QoQ Rs. 6.3 Cr, YoY Rs. 33.1 Cr EBITDA Margin came at 6.4% vs QoQ 2.6%, YoY 9.7% Adj. PAT came at Rs. -15 Cr vs QoQ Rs. 1.1 Cr, YoY Rs. 23.7 Cr Quarter EPS is Rs. -0.7 Stock is trading at P/E of 183x TTM EPS