Moschip Technologies' PAT increases 4.4% yoy to Rs6.45 crore during FY22

29 Apr 2022 , 09:17 AM

Moschip Technologies has announced its consolidated results for the Fourth Quarter and Full Year ended March 31, 2022.

Moschip Technologies continues to focus on Semiconductor / Embedded design services, Turnkey ASIC solutions, Semiconductor IP (Intellectual Properties) and IOT projects which have been enabling steady and sustainable growth.

Consolidated Financial performance
FY22 vs FY21

• Income from operations increased from Rs105.19 crore to Rs147.64 crore an increase by 40%
• EBIDTA increased from Rs8.66 crore (8.1%) to Rs23.43 crore (15.8%), an increase by 2.7 times. Increase in EBIDTA is on account of higher margins revenue mix and better operational efficiency.
• PAT increased to Rs6.45 crore (4.4%) as against net loss of Rs9.15 crore (- 8.5%), positive swing of Rs15.6 crore

Q4 FY 2022 vs Q4 FY 2021

• Income from operations increased from Rs30.17 crore to Rs37.41 crore and increase by 24%
• EBIDTA increased from Rs3.43 crores (11.3%) to Rs6.30 crore(16.8%), an increase by 84%
• PAT increased to Rs1.01(2.7%) crore as against net loss of Rs1.13 crore (-3.8%), positive swing of Rs2.14 crore

Market Opportunity:
According to The Semiconductor Industry Association (SIA) today announced global semiconductor industry sales totalled $555.9 billion in 2021, the highest-ever annual total and an increase of 26.2% compared to the 2020 total of $440.4 billion. The industry shipped a record 1.15 trillion semiconductor units in 2021, as chip companies ramped up production to address high demand amid the global chip shortage.”

At around 9:17 AM, Moschip Technologies was trading at Rs62.05 per piece lower by 0.88% on the BSE.