Chemplast Sanmar Q4FY22 PAT down -36.4% at Rs231.64 crore higher inventory costs

12 May 2022 , 05:44 PM

Chemplast Sanmar reported 34.65% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs1,806.94 crore. On a sequential basis, revenues were higher for the quarter by 24.47%.

For the full year FY22, the revenues were higher by 55.1% at Rs5,892 crore. For Q4FY22, the company saw growth across commodity chemicals and specialty chemicals.

Cash from operations for FY22 were lower by -16.3% at Rs901 crore due to a spike in trade receivables and inventories amid supply chain constraints.

The company had completed its initial public offer during the current year.

The consolidated net profit for Q4FY22 was down -36.38% at Rs231.64 crore while it was down on a sequential basis by -2.2%.

On a yoy basis, the company had to incur higher working capital costs as it had to hold more inventory due to the supply chain constraints forcing higher funds locked in the working capital cycle.

Net margins stood at 12.82% in Q4FY22 quarter compared to 27.13% in Q4FY21. NPM was lower sequentially against 16.32% in Q3FY22. Specialty chemicals EBIT growth offset commodity EBIT fall.

Financial highlights for Mar-22 compared yoy and sequentially

	Chemplast Sanmar
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,806.94	₹ 1,341.95	34.65%	₹ 1,451.68	24.47%
Net Profit (Rs cr)	₹ 231.64	₹ 364.10	-36.38%	₹ 236.86	-2.20%
Diluted EPS (Rs)	₹ 14.65	₹ 27.16		₹ 14.98
Net Margins	12.82%	27.13%		16.32%