Reports PAT of ~ Rs. 494 Cr for Q4 FY22 and ~ Rs. 1,053 Cr for FY22 FY22 Net Revenue is up ~ 34% at Rs. 4,647.32 Cr
New Delhi, May 20, 2022: Finolex Industries Limited (NSE:FINPIPE|BSE:500940) at its Board Meeting held today announced unaudited financial results for the fourth quarter ended March 31, 2022.
Key Financial Highlights (Standalone): (INR- Cr)
|
Rs Cr |
Q4 FY22 |
Q4 FY21 |
% change |
FY22 |
FY21 |
% change |
|
Income from operations |
1,594.57 |
1,249.08 |
27.7% |
4,647.32 |
3,462.27 |
34.2% |
|
EBITDA* |
264.66 |
410.05 |
-35.5% |
1,023.74 |
989.30 |
3.5% |
|
EBITDA margin (%) |
16.6% |
32.8% |
|
22.0% |
28.6% |
|
|
Depreciation |
21.55 |
19.70 |
|
83.4 |
77.72 |
|
|
EBIT* |
243.11 |
390.35 |
-37.7% |
940.34 |
911.58 |
3.2% |
|
EBIT % |
15.2% |
31.3% |
|
20.2% |
26.3% |
|
|
Finance costs |
8.06 |
1.84 |
|
14.09 |
7.27 |
|
|
Other Income |
24.76 |
13.56 |
|
83.16 |
72.48 |
|
|
Profit before tax* |
259.81 |
402.05 |
-35.4% |
1,009.41 |
976.80 |
3.3% |
|
PBT % |
16.3% |
32.2% |
|
21.7% |
28.2% |
|
|
Exceptional item (gain) |
376.06 |
– |
|
376.06 |
– |
|
|
Tax |
142.07 |
104.73 |
|
332 |
248.78 |
|
|
PAT |
493.80 |
297.33 |
66.1% |
1,053.47 |
728.02 |
44.7% |
|
PAT % |
31.0% |
23.8% |
|
22.7% |
21.0% |
|
|
Sales in MT |
||||||
|
PVC Resin (External) |
23,701 |
26,825 |
-11.6% |
57,095 |
75,818 |
-24.7% |
|
Pipes and Fittings |
78,629 |
60,232 |
30.5% |
2,36,895 |
2,12,060 |
11.7% |
* Excludes exceptional item
Q4 FY22 Highlights:
· Total income from operations was Rs 1,594.57 Cr for Q4FY22 – up 27.7% against Rs 1,249.08 Cr in Q4FY21.
· Volume in Pipes & Fittings segment was up 30.5% to 78,629 MT in Q4FY22 against 60,232 MT in Q4FY21
· EBITDA before exceptional items stood at Rs 264.66 Cr for Q4FY22 – down 35.5% against Rs
410.05 Cr for Q4FY21.
· Profit after tax was at Rs 493.80 Cr for Q4FY22 – up 66.1% against Rs 297.34 Cr for Q4FY21.
FY22 Highlights:
· Total income from operations was Rs 4,647.32 Cr for FY22 – up 34.2% against Rs 3,462.27 Cr in FY21.
· Volume in Pipes & Fittings segment grew 11.7% to 2,36,895 MT in FY22 against 2,12,060 MT in FY21
· EBITDA before exceptional items stood at Rs 1,023.71 Cr for FY22 – up 3.5% against Rs
989.29 Cr for FY21.
· Profit after tax was at Rs 1,053.47 Cr for FY22 – up 66.1% against Rs 728.01 Cr for FY21.
Commenting on this commendable feat, Mr. Prakash P. Chhabria, Executive Chairman, Finolex Industries Limited said, “Our 40th financial year has been a stellar one. Our teams have delivered a great year, despite the challenging conditions. This has only been made possible by the engine that drives our growth – the Finolex Parivaar. Each member, has pushed themselves and their colleagues to excel, taking the success of Finolex as their own personal success.”
Corporate Comm India (CCI Newswire)
