Finolex Industries Q4FY22 PAT up 65.68% at Rs495.12 crore on Rs376 crore exceptional gains from transfer of lease rights

22 May 2022 , 06:07 PM

Finolex Industries Ltd reported 27.66% increase in revenues yoy for the Q4FY22 quarter on consolidated basis at Rs1,594.575 crore. On a sequential basis, revenues were up for the quarter by 58.71%.

Full year FY22 revenues were up 34.23% at Rs4,647 crore. For Q4FY22, Finolex Industries saw revenue growth of 13.5% in the PVC business while the PVC pipes and fittings business grew 41.7 on greater value addition component.

For FY22, cash from operations fell by almost a third. While there was a rise in trade receivables and inventories, the main reason for the sharply lower cash flows was the exceptional gains in the quarter.

The consolidated net profit for Q4FY22 was up 65.68% at Rs495.12 crore. The net profits was higher by 179% on a sequential basis.

Actually, operating profits fell sharply in the quarter on account of cost spike. However, an exceptional gain of Rs376 crore from the transfer of leasing rights on land boosted profits. 

Net margins were 31.05% in Q4FY22 quarter compared to 23.92% in Q4FY21. NPM was higher compared to 17.66% in Q3FY22. Board has approved final dividend of Rs.10 per share and stock split of 10 into 2 par value.

Financial highlights for Mar-22 compared yoy and sequentially

	Finolex Industries
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,594.57	₹ 1,249.08	27.66%	₹ 1,004.73	58.71%
Net Profit (Rs cr)	₹ 495.12	₹ 298.84	65.68%	₹ 177.43	179.05%
Diluted EPS (Rs)	₹ 7.98	₹ 4.82		₹ 2.86
Net Margins	31.05%	23.92%		17.66%