Asian Paints Q4FY22 PAT flat at Rs850.42 crore yoy on input costs and exceptional write-offs

12 May 2022 , 01:40 AM

Asian Paints Ltd reported 18.66% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs7,892.67 crore. On a sequential basis, revenues were lower for the quarter by -7.44%.

For the full year FY22, the revenues were higher by 34% at Rs29,101 crore. For Q4FY22, Asian Paints saw growth across the paints section and the home improvement solutions business.

Net cash from operations in FY22 fell almost to a fourth over FY21 due to a sharp spike in inventory holdings and a spike in trade receivables.

Gross margins increased by 450 basis points compared to the second quarter of FY22.

The consolidated net profit for Q4FY22 was flat at Rs850.42 crore while it was down on a sequential basis by -16.27%.

The pressure on the operating profits came from higher raw material and inventory costs. The company also took an exceptional hit of Rs.115.70 crore in the quarter on account of delay in subsidy by the state government as well as a write off in its operations in Sri Lanka due to the strife.

Net margins stood at 10.77% in Q4FY22 quarter compared to 12.81% in Q4FY21. NPM was lower sequentially against 11.91% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Asian Paints
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 7,892.67	₹ 6,651.43	18.66%	₹ 8,527.24	-7.44%
Net Profit (Rs cr)	₹ 850.42	₹ 852.13	-0.20%	₹ 1,015.69	-16.27%
Diluted EPS (Rs)	₹ 8.87	₹ 8.88		₹ 10.59
Net Margins	10.77%	12.81%		11.91%