Avadh Sugar Q4FY22 PAT down -9.28% at Rs51.35 crore yoy due to lower revenue cycle

12 May 2022 , 12:06 PM

Avadh Sugar Ltd reported -8.68% fall in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs758.69 crore. On a sequential basis, revenues were higher for the quarter by 1.63%.

For the full year FY22, the revenues were higher by 1.25% at Rs2,744 crore. For Q4FY22, the sales overall were lower due to the cyclical nature of the sugar business.

While the revenues from the distillery and the cogeneration business were higher yoy, the revenues from the sugar business fell due to the normal cycle movement.

The net cash from operating activities stayed lower due to the sharp fall in trade payables in FY22.

The consolidated net profit for Q4FY22 was down -9.28% at Rs51.35 crore while it was up on a sequential basis by 77.93%.

The operating profits from the sugar business was higher yoy on better realizations but the profits from co-generation fell sharply due to the front ending of investment outlays.

Net margins stood at 6.77% in Q4FY22 quarter compared to 6.81% in Q4FY21. NPM was higher sequentially against 3.87% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Avadh Sugar
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 758.69	₹ 830.84	-8.68%	₹ 746.52	1.63%
Net Profit (Rs cr)	₹ 51.35	₹ 56.60	-9.28%	₹ 28.86	77.93%
Diluted EPS (Rs)	₹ 25.66	₹ 28.28		₹ 14.41
Net Margins	6.77%	6.81%		3.87%