PI Industries Q4FY22 PAT up 13.68% at Rs204.4 crore material cost efficiency in the quarter

20 May 2022 , 07:16 AM

PI Industries Ltd reported 16.55% increase in revenues yoy for the Q4FY22 quarter on consolidated basis at Rs1,395.20 crore. On a sequential basis, revenues were up for the quarter by 2.87%.

Full year FY22 revenues were up 15.8% at Rs5,300 crore. The revenues of the company maintained a steady growth on strong demand domestically and abroad.

The net cash flows from the operations for FY22 was lower by 27% at Rs529 crore due to a sharp spike in the trade inventories and receivables amidst supply chain constraints.

The consolidated net profit for Q4FY22 was up by 13.68% at Rs204.40 crore. The net profits was higher by 2.87% on a sequential basis.

The company controlled material costs by relying more on inventory efficiency gains, which did have an impact on the inventory costs in the cash flow statement.  

Net margins were 14.65% in Q4FY22 quarter compared to 15.02% in Q4FY21. NPM was lower compared to 16.41% in Q3FY22. Board has approved final dividend of Rs.3 per share taking total dividend for the year to Rs6 per share, with interim dividend.

Financial highlights for Mar-22 compared yoy and sequentially

	PI Industries
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,395.20	₹ 1,197.10	16.55%	₹ 1,356.30	2.87%
Net Profit (Rs cr)	₹ 204.40	₹ 179.80	13.68%	₹ 222.60	-8.18%
Diluted EPS (Rs)	₹ 13.48	₹ 11.95		₹ 14.67
Net Margins	14.65%	15.02%		16.41%