Polycab India Q4FY22 PAT up 19.62% at Rs322.15 crore yoy as wires and cables offsets FMEG profit fall

12 May 2022 , 11:54 AM

Polycab India Ltd reported 34.91% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs3,969.98 crore. On a sequential basis, revenues were higher for the quarter by 17.73%.

For the full year FY22, the revenues were higher by 38.8% at Rs12,204 crore. For Q4FY22, the largest wires and cables business of Polycab grew sales by 39.8% at Rs3,540 crore.

However, the sales growth in the FMEG space was more subdued at just 9.22%.

The net cash from operations for FY22 fell by -59% yoy at Rs512 crore due to higher inventories locking up working capital. Polycab declared final dividend of Rs.14 per share.

The consolidated net profit for Q4FY22 was up 19.62% at Rs322.15 crore while it was up on a sequential basis by 30.57%.

While the operating profit from the cables and wires business increased, the EBIT from the FMEG business actually fell by more than half in the quarter over last year. Net margins stood at 8.11% in Q4FY22 quarter compared to 9.15% in Q4FY21.

NPM was higher sequentially against 7.32% in Q3FY22. Other income had surged sharply in the current quarter providing some relief to higher operating costs.

Financial highlights for Mar-22 compared yoy and sequentially

	Polycab India
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 3,969.98	₹ 2,942.74	34.91%	₹ 3,372.00	17.73%
Net Profit (Rs cr)	₹ 322.15	₹ 269.31	19.62%	₹ 246.72	30.57%
Diluted EPS (Rs)	₹ 21.48	₹ 17.99		₹ 16.50
Net Margins	8.11%	9.15%		7.32%