Century Textiles Q4 PAT turns around to Rs86.07cr on sharp improvement in paper business profits

25 Apr 2022 , 07:29 PM

Century Textiles Ltd reported 44.24% growth in sales revenues yoy for the Mar-22 quarter on consolidated basis at Rs1,210.72cr. On a sequential basis, revenues were higher for the quarter by 13.71%.

For the full year FY22, the revenues were higher by 57.9% at Rs4,131cr. The major pulp and paper business saw a yoy growth in sales of 45.71% at Rs824.47cr.

The textiles business saw sales grow by 50.5% at Rs320.3cr. Revenues from the recently focussed real estate business was flat yoy. Board has recommended Rs4 per share dividend.

The consolidated net profit for Q4 turned around from a loss of Rs-8.41cr in Mar-21 quarter to a profit of Rs86.07cr in the Mar-22 quarter.

On sequential basis, the profits were up almost six fold. EBITDA of the pulp and paper business spiked by 67.7% to Rs89.83cr while EBITDA of textiles turned around to profits.

Realty is in EBITDA losses in Q4. Net margins stood at 7.11% in Mar-22 quarter compared to -1.00% in Mar-21. The net profit margins were higher by 578 basis points on a sequential basis, compared to Dec-21 quarter.

Financial highlights for Mar-22 compared yoy and sequentially

	Century Textiles
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,210.72	₹ 839.39	44.24%	₹ 1,064.75	13.71%
Net Profit (Rs cr)	₹ 86.07	₹ -8.41	N.A.	₹ 14.15	508.27%
Diluted EPS (Rs)	₹ 7.71	₹ -0.75		₹ 1.27
Net Margins	7.11%	-1.00%		1.33%