Dodla Dairy Q4FY22 PAT up 4-fold at Rs40.48 crore on inventory efficiency gains and deferred tax credits

18 May 2022 , 12:32 AM

Dodla Dairy Ltd reported 11.17% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs589.72 crore. On a sequential basis, revenues were higher for the quarter by 2.53%.

For full year FY22, the revenues were higher by 12.5% at Rs2,243 crore. For Q4FY22, Dodla Dairy reported growth in volumes as well as better pricing of its dairy products.

India revenues were up 7% in Q4FY22 while global revenues were up 97%, albeit on a smaller base. Net cash flows from operations for FY22 fell by -30.2% at Rs171 crore on account of a sharp spike in the trade receivables showing working capital constraints.

The consolidated net profit for Q4FY22 was u more than 4-fold at Rs40.48 crore while it was up on a sequential basis by 50.71%. For Q4FY22, the sharp spike in the net profits was driven by a huge improvement in inventory efficiency gains and the benefits of deferred tax credits in the quarter.

Net margins were 6.86% in Q4FY22 quarter compared to 1.81% in Q4FY21. NPM was higher as compared to 4.67% in Q3FY22. During the year, Dodla raised Rs50 crore via fresh issue and that has been fully utilized as committed to reduce debt..

Financial highlights for Mar-22 compared yoy and sequentially

	Dodla Dairy
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 589.72	₹ 530.49	11.17%	₹ 575.19	2.53%
Net Profit (Rs cr)	₹ 40.48	₹ 9.59	322.11%	₹ 26.86	50.71%
Diluted EPS (Rs)	₹ 6.75	₹ 1.67		₹ 4.48
Net Margins	6.86%	1.81%		4.67%