Siyaram Silk Mills Q4FY22 PAT up 42.09% at Rs82.17 crore on inventory efficiency gains

8 May 2022 , 07:47 AM

Siyaram Silk Mills Ltd reported 23.77% growth in total revenues yoy for the Q4FY22 quarter on consolidated basis at Rs628.26 crore. On a sequential basis, revenues were higher for the quarter by 11.55%.

For the full year FY22, the revenues were higher by 75% at Rs1,905 crore. The company has recommended dividend of Rs.3.20 per share representing 160% pay-out.

The net cash from operations for the full year FY22 fell sharply by 87% yoy on account of a spike in inventory costs and a spike in trade receivables impacting cash flows.

The consolidated net profit for Q4FY22 was up 42.09% at Rs82.17 crore while it was up on a sequential basis by 19.69%.

The costs in the quarter went up sharply. While material costs went up in sync with sales, there was a sharp spike in labour costs amidst shortages. Inventory efficiency gains offset this input cost challenge.

Net margins stood at 13.08% in Q4FY22 quarter compared to 11.39% in Q4FY21. NPM was higher sequentially compared to 12.19% in Q3FY22. Finance costs were lower on a yoy basis for the quarter.

Financial highlights for Mar-22 compared yoy and sequentially

	Siyaram Silk
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 628.26	₹ 507.59	23.77%	₹ 563.19	11.55%
Net Profit (Rs cr)	₹ 82.17	₹ 57.83	42.09%	₹ 68.65	19.69%
Diluted EPS (Rs)	₹ 17.54	₹ 12.34		₹ 14.64
Net Margins	13.08%	11.39%		12.19%