Stove Kraft plunges ~4% on sharp decline of 54% yoy in Q4FY22 PAT

31 May 2022 , 03:25 PM

Stove Kraft Limited, a leading player in home & kitchen appliances in India, announced its results for the quarter and financial year ended March 31, 2022.

The company has achieved a revenue of Rs261.30 crore in Q4FY22 as against Rs235.40 crore in the previous corresponding quarter, up by 11% yoy. Revenue for the financial year ended March 31, 2022, registered a growth of 32.30% yoy at Rs1136.40 crore as against Rs859 crore in the previous financial year.

PAT for FY22 witnessed a decline of 30.50% yoy at Rs56.40 crore as against Rs81.20 crore in FY21. PAT for Q4FY22 declined significantly by 54% yoy at Rs8.80 crore as compared to Rs19.20 crore in Q4FY21.

EBITDA for FY22 was reported at Rs108.20 crore as against Rs117.80 crore for FY21, a decline of 8.2% yoy. The company reported a decline of 16.5% yoy in Q4FY22 at Rs21.10 crore as compared to Rs25.20 crore in Q4FY21.

EBITDA margin for Q4FY22 stood at 8.10%, and 9.5% for FY22. PAT margin for the quarter under review was 3.4%, and 5% for FY22.

At around 3.22 PM, Stove Kraft was trading at Rs540.85 per piece, down by Rs21.25 or 3.78% against its previous close of Rs562.10 on NSE. It touched day's high and low of Rs548.95 and Rs531.05 respectively.