Kajaria Ceramics Q4FY22 PAT down -24.7% at Rs95.76 crore on sharp spike in power and fuel costs

20 May 2022 , 07:31 AM

Kajaria Ceramics Ltd reported 15.67% increase in revenues yoy for the Q4FY22 quarter on consolidated basis at Rs1,101.75 crore. On a sequential basis, revenues were up for the quarter by 3.14%.

Full year FY22 revenues were up 33.2% at Rs3,705 crore. For Q4FY22, Kajaria saw revenue growth of 15.5% at Rs999.85 crore in the tiles business while the bathroom and sanitaryware business grew 17.6% at Rs101.90 crore.

For FY22, cash from operations fell by 16.3% at Rs453 crore on higher inventories and trade receivables.

The consolidated net profit for Q4FY22 was down -24.65% at Rs95.76 crore. The net profits was lower by -21.52% on a sequential basis.

While material costs were in control, the power and fuel charges were up 57% on a yoy basis, which led to a fall in profits. Operating profits of the tiles and sanitaryware business took a hit on account of elevated costs.

 Net margins were 8.69% in Q4FY22 quarter compared to 13.34% in Q4FY21. NPM was lower compared to 11.42% in Q3FY22. Board has approved final dividend of Rs.3 per share taking total dividend for the year to Rs11 per share, including interim dividend of Rs8 paid.

Financial highlights for Mar-22 compared yoy and sequentially

	Kajaria Ceramics
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,101.75	₹ 952.51	15.67%	₹ 1,068.23	3.14%
Net Profit (Rs cr)	₹ 95.76	₹ 127.09	-24.65%	₹ 122.02	-21.52%
Diluted EPS (Rs)	₹ 6.01	₹ 7.99		₹ 4.67
Net Margins	8.69%	13.34%		11.42%