SRF Ltd Q4FY22 PAT up 59% at Rs605.65 crore yoy as chemicals operating profits nearly doubles

11 May 2022 , 06:23 PM

SRF Ltd reported 36.12% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs3,549.42 crore. On a sequential basis, revenues were higher for the quarter by 6.08%.

For the full year FY22, the revenues were higher by 48% at Rs12,434 crore. For Q4FY22, SRF saw a sharp sales growth across all its key verticals viz. technical textiles, chemicals and packaging films.

During the quarter, the bad debts ratio fell sharply to near zero levels. However, there was a fall in inventory turnover ratio and the debtors turnover ratio on a yoy basis. Long term debt to working capital is sharply higher.

The consolidated net profit for Q4FY22 was up 59% at Rs605.65 crore while it was up on a sequential basis by 19.8%.

The operating profits for the technical textiles and the packaging films business were higher yoy. However, the big boost came from the Chemicals business which saw its operating profits surge by 83.3% to Rs504 crore.

Net margins stood at 7.97% in Q4FY22 quarter compared to 10.29% in Q4FY21. NPM was lower sequentially against 9.18% in Q3FY22. Net cash flows got impacted by spike in receivables in the quarter.

Financial highlights for Mar-22 compared yoy and sequentially

	SRF Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 3,549.42	₹ 2,607.65	36.12%	₹ 3,345.87	6.08%
Net Profit (Rs cr)	₹ 605.65	₹ 380.92	59.00%	₹ 505.54	19.80%
Diluted EPS (Rs)	₹ 20.43	₹ 12.86		₹ 17.06
Net Margins	17.06%	14.61%		15.11%