The company’s sales increased to Rs307.8cr in Q4FY21 compared to Rs212.2cr in Q4FY20. On a yearly basis, sales declined to Rs875cr compared to Rs976.5cr in FY20.
The ‘Consumer’ segment (including non-utility meters) witnessed strong traction and posted a robust 20% yoy growth in revenues to Rs166cr in Q4FY21. (Excluding non-utility meters, the ‘Consumer’ segment grew by 26% yoy to Rs187cr in Q4FY21). The lighting segment revenue grew by 31% yoy and 37% qoq to Rs89.2cr in Q4FY21. The wires and cables segment revenue grew by 99% yoy and 31% qoq to Rs26.3cr in Q4FY21.
The growth in the wires and cable segment was also aided by an increase in copper prices. The switchgear segment revenue stood at Rs50.8cr in Q4FY21. The revenue share of the consumer segment stood at 61% during the Q4FY21 as compared to 70% in Q4FY20.
Rationalisation of employee expenses and overheads helped the company to report an EBITDA of Rs44cr (EBITDA Margin of 14.2%) in Q4 FY21. Exports grew at a robust pace of 174% yoy in Q4 FY21 and 69% yoy in FY21, respectively.
Gautam Seth, Joint Managing Director, said, “The performance during the Q4FY21 was attributed by the robust performance of both the metering (B2B) and the consumer (B2C) segment thereby resulting in highest ever quarterly revenue during the last eight quarters at Rs308cr. The metering segment improved performance was accredited to an increase in inspections and dispatches. Currently, we have a strong order book of Rs704cr ensuring revenue visibility for the current year despite the lockdown in Q1FY22 which have caused few disruptions.”