*Goldiam International Ltd.* | *CMP* Rs. 390 | *M Cap* Rs. 4161 Cr | *52 W H/L* 569/144 (Nirmal Bang Retail Research) *Result improved* Revenue from Operations came at Rs. 198.6 Cr (-29% QoQ, 34.3% YoY) vs QoQ Rs. 279.6 Cr, YoY Rs. 147.9 Cr EBIDTA came at Rs. 36.3 Cr (-42% QoQ, 51.5% YoY) vs QoQ Rs. 62.5 Cr, YoY Rs. 23.9 Cr EBITDA Margin came at 18.3% vs QoQ 22.4%, YoY 16.2% Adj. PAT came at Rs. 23.2 Cr vs QoQ Rs. 49.8 Cr, YoY Rs. 17.8 Cr Quarter EPS is Rs. 2.2 Stock is trading at P/E of 35.5x TTM EPS