SKF India Q4FY22 PAT up 4.44% at Rs109.48 crore yoy on sharp spike in raw material and inventory costs

12 May 2022 , 01:01 AM

SKF India Ltd reported 22.59% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs1,039.01 crore. On a sequential basis, revenues were higher for the quarter by 7.45%.

For the full year FY22, the revenues were higher by 37.3% at Rs3,666 crore. For Q4FY22, the revenue growth was driven revival in the capital investment cycle.

Net cash from operating activities fell sharply by -82% at Rs57.1 crore due to a sharp increase in inventory costs and other current costs while the trade payables fell sharply.

SKF India has recommended a dividend of Rs.14.50 per share subject to shareholder approval.

The consolidated net profit for Q4FY22 was up 4.44% at Rs109.48 crore while it was up on a sequential basis by 23.3%. The supply chain constraints forced the company to lock up more funds in its working capital cycle forcing up the inventory costs during the quarter.

Raw material costs also went up more than the sales growth for the quarter. Net margins stood at 10.54% in Q4FY22 quarter compared to 12.37% in Q4FY21. NPM was higher sequentially against 9.18% in Q3FY22. Net cash flows got impacted by negative working capital cycle.

Financial highlights for Mar-22 compared yoy and sequentially

	SKF India
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,039.01	₹ 847.53	22.59%	₹ 966.98	7.45%
Net Profit (Rs cr)	₹ 109.48	₹ 104.83	4.44%	₹ 88.79	23.30%
Diluted EPS (Rs)	₹ 22.10	₹ 21.20		₹ 17.90
Net Margins	10.54%	12.37%		9.18%