Atul Ltd Q4 PAT down -22.16% at Rs136.26cr on sharp increase of 30% in raw material input costs

28 Apr 2022 , 06:30 PM

Atul Ltd reported 22.81% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs1,370.42cr. On a sequential basis, revenues were lower for the quarter by -0.72%.

For the full year FY22, the revenues were higher by 34.5% at Rs5,157cr. On a yoy basis, the company saw growth across both its key verticals.

For example, the performance chemicals vertical saw growth in sales of 28.9% at Rs1,053cr yoy. The life science chemicals vertical saw sales revenues grow 17.6% yoy at Rs367cr on robust demand.

The consolidated net profit for Q4 was down -22.16% at Rs136.26cr while it was down on a sequential basis by -12.33%.

Atul, like most chemicals companies, got hit by the supply chain constraints causing a spike in raw material input costs. The raw material input costs were up 30% on a yoy basis.

Board has recommended dividend of Rs.25 per share subject to shareholder approval. It has also agreed to buy back shares up to Rs.70 crore at a buyback price of Rs.11,000 per share. Net margins stood at 9.94% in Mar-22 quarter compared to 15.69% in Mar-21. NPM was lower sequentially compared to 11.26% in Q3.

Financial highlights for Mar-22 compared yoy and sequentially

	Atul Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,370.42	₹ 1,115.93	22.81%	₹ 1,380.31	-0.72%
Net Profit (Rs cr)	₹ 136.26	₹ 175.05	-22.16%	₹ 155.43	-12.33%
Diluted EPS (Rs)	₹ 46.05	₹ 59.04		₹ 52.53
Net Margins	9.94%	15.69%		11.26%