Rupa -; Company's stock plummets ~14% post Q4FY22 lackluster numbers

24 May 2022 , 01:00 PM

Rupa & Company Limited, one of the leading and largest knitwear brands in India, engaged in the manufacturing, marketing, selling and distribution of men’s and women’s innerwear, thermal wear and fashion wear announced its Financial Results for the Quarter and year ended on March 31, 2022.

The company has achieved a revenue of Rs455.50 crore in Q4FY22 as compared to Rs454 crore in Q4FY21, up by 0.30% yoy. For FY22, revenue stood at Rs1,474.10 crore, up by 12.30% yoy, against Rs1,312.70 crore in FY21.

Company’s EBITDA was reported at Rs74.20 crore in Q4FY22 as compared to Rs90.60 crore in Q4FY21, down by 18.1% yoy. However, it registered a marginal growth of 4.4% yoy at Rs268.50 crore as compared to Rs257.30 crore in FY21.

PAT for Q4FY22 stood at Rs49.30 crore as compared to Rs65.90 crore in Q4FY21, registering a decline of 25.20% yoy. Whereas PAT for FY22 jumped 9.4% yoy at Rs191.80 crore as against Rs175.30 crore in FY21.

EBITDA margin for Q4FY22 was reported at 16.30%, and 18.20% in FY22. PAT margin settled at 10.80% in Q4FY22, and 13% in FY22.

Rupa & Company is currently trading at Rs444.20 down by Rs71.4 or 13.85% from its previous closing of Rs515.60 on the BSE. The scrip opened at Rs438 and has touched intraday high and low of Rs457.95 and Rs414 respectively.