Mangalam Cement Q4FY22 PAT halves to Rs17.48 crore yoy on 34% spike in power and fuel costs

8 May 2022 , 08:01 AM

Mangalam Cement Ltd reported 9.78% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs451.62 crore. On a sequential basis, revenues were higher for the quarter by 18.73%.

For the full year FY22, the revenues were higher by 20% at Rs1,566 crore. The company has recommended dividend of Rs.1.50 per share representing 15% pay-out.

The company is in the process of amalgamating its group company Mangalam Timber into Mangalam Cement, for which the approval of the NCLT has already been received.

The consolidated net profit for Q4FY22 was down -50.57% at Rs17.48 crore while it was up on a sequential basis by 24.06%.

The quarter saw a sharp spike in power and fuel costs in sync with rising power bills charged amid rising coal prices as well as steeply higher diesel costs amidst the oil crisis caused by the Russia Ukraine war.

Net margins stood at 3.87% in Q4FY22 quarter compared to 8.60% in Q4FY21. NPM was higher sequentially compared to 3.70% in Q3FY22. Company allotted 8.04 lakh shares to shareholders of Mangalam Timber.

Financial highlights for Mar-22 compared yoy and sequentially

	Mangalam Cement
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 451.62	₹ 411.38	9.78%	₹ 380.37	18.73%
Net Profit (Rs cr)	₹ 17.48	₹ 35.36	-50.57%	₹ 14.09	24.06%
Diluted EPS (Rs)	₹ 6.36	₹ 12.86		₹ 5.12
Net Margins	3.87%	8.60%		3.70%