Balkrishna Industries Q4FY22 PAT down -1.34% at Rs374.84 crore on 49% spike in raw material costs

15 May 2022 , 06:51 PM

Balkrishna Industries Ltd reported 35.40% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs2,374.21 crore. On a sequential basis, revenues were higher for the quarter by 16.05%.

For full year FY22, the revenues were higher by 43.4% at Rs8,295 crore. For Q4FY22, Net cash from operations for FY22 fell by 32.2% at Rs908 crore due to a sharp spike in the levels of inventories and trade receivables amidst supply chain constraints.

Board recommended final dividend of Rs4 per share over Rs.24 declared.

The consolidated net profit for Q4FY22 was down -1.34% at Rs374.84 crore while it was up on a sequential basis by 10.59%.

Balkrishna saw an all-round spike in input costs including rubber, crude chemicals and carbon black. Also inventory costs spiked in the quarter.

EBIT margins for the quarter tapered sharply from 20.94% to 16.15% on a yoy basis due to sharply higher operating costs built into the costs. Net margins were 15.79% in Q4FY22 quarter compared to 21.67% in Q4FY21. NPM was lower against 16.57% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Balkrishna Industries
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 2,374.21	₹ 1,753.45	35.40%	₹ 2,045.81	16.05%
Net Profit (Rs cr)	₹ 374.84	₹ 379.95	-1.34%	₹ 338.95	10.59%
Diluted EPS (Rs)	₹ 19.39	₹ 19.65		₹ 17.53
Net Margins	15.79%	21.67%		16.57%