Birla Corporation Q4FY22 PAT down -55.45% at Rs111 crore on higher input plus power and fuel costs

12 May 2022 , 07:41 PM

Birla Corporation Ltd reported 6.17% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs2,264 crore. On a sequential basis, revenues were higher for the quarter by 29.38%.

For the full year FY22, the revenues were higher by 9.96% at Rs7,461 crore. For Q4FY22, the company saw tepid growth across the predominant cement business and also jute business.

The company saw volume growth but price realizations were tepid. The cash from operations for the quarter were lower in FY22 due to pressure from higher inventory costs and lower levels of trade payables, putting credit pressure on WC cycle.

The consolidated net profit for Q4FY22 was down -55.45% at Rs111 crore while it was up on a sequential basis by 83.76.

The fall in profits was largely on account of higher cost of inputs and power and fuel charges. In addition, the company also took at Rs.38 crore hit as exceptional loss as interest on UP entry tax.

Net margins stood at 4.91% in Q4FY22 quarter compared to 11.69% in Q4FY21. NPM was higher sequentially against 3.45% in Q3FY22. Operating profit margin  at 12.44% was sharply lower than 18.89% in year ago quarter.

Financial highlights for Mar-22 compared yoy and sequentially

	Birla Corporation
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 2,264	₹ 2,133	6.17%	₹ 1,750	29.38%
Net Profit (Rs cr)	₹ 111	₹ 249	-55.45%	₹ 60	83.76%
Diluted EPS (Rs)	₹ 14.42	₹ 32.38		₹ 7.85
Net Margins	4.91%	11.69%		3.45%