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Elgi Equipments Q4FY22 PAT up 68.5% at Rs73.06 crore on the back of inventory efficiency gains

15 May 2022 , 07:18 PM

Elgi Equipments
Elgi Equipments Ltd reported 19.17% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs727.61 crore. On a sequential basis, revenues were higher for the quarter by 10.98%.

For full year FY22, the revenues were higher by 31.2% at Rs2,525 crore. For Q4FY22, the sales revenues from the principal air compressors business grew by 19.3% at Rs668 crore while the automotive equipment sales grew 22% at Rs61 crore.

The board has recommended a dividend of Rs.1.15 per share subject to shareholder approval.

The consolidated net profit for Q4FY22 was up 68.5% at Rs73.06 crore while it was up on a sequential basis by 75.08%.

The growth in profits were largely on the back of inventory efficiency gains in the quarter. In terms of verticals, the air compressor business EBIT grew 62% at Rs91 crore while the EBIT of the automotive business grew by 33% on a comparable yoy basis in the fourth quarter.

Net margins were 10.04% in Q4FY22 quarter compared to 7.10% in Q4FY21. NPM was higher as compared to 6.36% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

Elgi Equipments
Rs in Crore Mar-22 Mar-21 YOY Dec-21 QOQ
Total Income (Rs cr) ₹ 727.61 ₹ 610.59 19.17% ₹ 655.62 10.98%
Net Profit (Rs cr) ₹ 73.06 ₹ 43.36 68.50% ₹ 41.73 75.08%
Diluted EPS (Rs) ₹ 2.31 ₹ 1.37 ₹ 1.32
Net Margins 10.04% 7.10% 6.36%

Related Tags

  • Capital Goods Sector
  • Elgi Equipments management
  • Elgi Equipments news
  • Elgi Equipments Q4
  • Elgi Equipments Q4FY22 Capital Goods business
  • Elgi Equipments Q4FY22 PAT
  • Elgi Equipments Q4FY22 Result
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