Havells Ltd Q4FY22 PAT up 16.01% at Rs352.48 crore yoy on profit boost from cables and FMEG

5 May 2022 , 01:02 AM

Havells Ltd reported 32.55% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs4,426.26 crore. On a sequential basis, revenues were higher for the quarter by 20.80%.

For the full year FY22, the revenues were higher by 33.3% at Rs13,938 crore. Havells saw sharp top line growth in cables and FMEG products while the Lloyds Electrical division also saw a sharp spike in revenues of over 55% yoy.

The net cash flows for FY22 were up almost 3-fold on the back of a sharp spike in trade payables on credit terms.

The consolidated net profit for Q4FY22 was up 16.01% at Rs352.48 crore while it was up on a sequential basis by 15.26%.

In terms of verticals contributing to operating profits, the growth was visible in cables and fast moving electrical goods (FMEG). However, operating profits from switchgears were flat while Lloyds dipped into operating losses in the quarter.

Price hikes offset input spikes in most cases. Net margins stood at 7.96% in Q4FY22 quarter compared to 9.10% in Q4FY21. NPM was lower sequentially against 8.35% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Havells Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 4,426.26	₹ 3,339.21	32.55%	₹ 3,664.21	20.80%
Net Profit (Rs cr)	₹ 352.48	₹ 303.83	16.01%	₹ 305.82	15.26%
Diluted EPS (Rs)	₹ 5.63	₹ 4.85		₹ 4.88
Net Margins	7.96%	9.10%		8.35%