Century Enka Q4FY22 PAT up 2.22% at Rs49.65 crore as input cost spike offsets sales growth

12 May 2022 , 01:03 PM

Century Enka Ltd reported 28.61% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs572.41 crore.

On a sequential basis, revenues were higher for the quarter by 1.60%. For the full year FY22, the revenues were higher by 71.5% at Rs2,098 crore.

For Q4FY22, the company saw robust demand and offtake for its principal business of synthetic yarn. The company has declared a dividend of Rs.10 per share

The consolidated net profit for Q4FY22 was up 2.22% at Rs49.65 crore while it was down on a sequential basis by -1.84%.

On a yoy basis, the higher input costs offset the benefits of sales growth resulting in tepid growth in operating and net profits.

Net cash from operating activities almost halved for the full year FY22 on account of a sharp spike in inventories amidst supply chain constraints.

Net margins stood at 8.67% in Q4FY22 quarter compared to 10.91% in Q4FY21. NPM was lower sequentially against 8.98% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Century Enka
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 572.41	₹ 445.06	28.61%	₹ 563.42	1.60%
Net Profit (Rs cr)	₹ 49.65	₹ 48.57	2.22%	₹ 50.58	-1.84%
Diluted EPS (Rs)	₹ 22.72	₹ 22.23		₹ 23.15
Net Margins	8.67%	10.91%		8.98%