Meghmani FInechem Q4 PAT up 3-fold to Rs99.09cr on subdued growth in raw material costs

25 Apr 2022 , 06:47 PM

Meghmani FInechem Ltd reported 92.92% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs498.80cr. On a sequential basis, revenues were higher for the quarter by 18.15%.

For the full year FY22, the revenues were higher by 87.1% at Rs1,551cr. Meghmani is into the manufacture of chlor alkali for the domestic market and being a specialty chemicals, has seen robust demand pick in the latest quarter.

Net cash from operating activities for FY22 was 24% higher on a yoy basis at Rs284cr.

The consolidated net profit for Q4 was up by 202.47% at Rs99.09cr while the net profits were up by an impressive 42.11% in a sequential basis.

The sharp spike in the profitability of the specialty chemical company came about due to the subdued growth in raw material costs at a much slower rate compared to the growth in sales for the quarter.

Net margins stood at 19.87% in Mar-22 quarter compared to 12.67% in Mar-21. The net profit margins were higher by 335 basis points on a sequential basis, compared to Dec-21 quarter.

Financial highlights for Mar-22 compared yoy and sequentially

	Meghmani FInechem
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 498.80	₹ 258.55	92.92%	₹ 422.17	18.15%
Net Profit (Rs cr)	₹ 99.09	₹ 32.76	202.47%	₹ 69.73	42.11%
Diluted EPS (Rs)	₹ 23.85	₹ 5.61		₹ 16.78
Net Margins	19.87%	12.67%		16.52%