Shankara Building Q4FY22 PAT up 40.6% at Rs15.6 crore on better input cost control in the quarter

18 May 2022 , 07:38 PM

Shankara Building Products reported 21.8% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs782.23 crore. On a sequential basis, revenues were higher for the quarter by 33.73%.

For full year FY22, the revenues were higher by 18.6% at Rs2,418 crore. For Q4FY22, the company saw improved retail revenues despite reduction in number of stores.

In FY22, the same store sales were up 29% on yoy basis. The company also reported strong operating cash flows at Rs70 crore as on 31st March 2022.

The consolidated net profit for Q4FY22 was up 40.65% at Rs15.57 crore while it was up more than 4-fold on a sequential basis.

In FY22, there was a 26% reduction in interest costs. EBITDA margins tapered from 4.4% to 4.0% yoy due to higher sales base. However, the fall in interest cost helped net profits to grow.

Net margins were 1.99% in Q4FY22 quarter compared to 1.72% in Q4FY21. NPM was higher as compared to 0.60% in Q3FY22. For FY22, the retail segment EBITDA margins improved from 5.7% to 6.3% on a yoy basis.

Financial highlights for Mar-22 compared yoy and sequentially

	Shankara Building
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 782.23	₹ 642.25	21.80%	₹ 584.95	33.73%
Net Profit (Rs cr)	₹ 15.57	₹ 11.07	40.65%	₹ 3.52	342.33%
Diluted EPS (Rs)	₹ 6.81	₹ 4.85		₹ 1.54
Net Margins	1.99%	1.72%		0.60%