Raymond Ltd Q4FY22 PAT up 366.5% at Rs263.31 crore on optimization of costs and deferred tax credits

18 May 2022 , 08:03 PM

Raymond Ltd reported 43.38% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs1,958 crore. On a sequential basis, revenues were higher for the quarter by 6.22%.

For full year FY22, the revenues were higher by 79.3% at Rs6,179 crore. For Q4FY22, Raymond capitalized on the buoyant demand and strong consumer sentiments.

The B2C segment of Raymond saw a good growth impetus. While revenues from branded textiles grew 23% in the quarter, branded apparel grew 59% on a yoy basis.

It also saw 69% growth in garmenting revenues. The company declared dividends of 30% on face value.

The consolidated net profit for Q4FY22 was sharply higher by 366.45% at Rs263.31 crore while it was up on a sequential basis by 162.6%.

For Q4FY22, cost optimization helped to save Rs453 crore. In addition, there was inventory efficiency plus a tax credit of Rs132 crore in Q4. This more than offset the exceptional loss of Rs111 crore on account of trade receivables written off.

Net margins were 13.45% in Q4FY22 quarter compared to 4.13% in Q4FY21. NPM was higher as compared to 5.44% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Raymond Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,958.10	₹ 1,365.66	43.38%	₹ 1,843.39	6.22%
Net Profit (Rs cr)	₹ 263.31	₹ 56.45	366.45%	₹ 100.28	162.57%
Diluted EPS (Rs)	₹ 39.55	₹ 8.48		₹ 15.06
Net Margins	13.45%	4.13%		5.44%