Sundaram Clayton Q4 PAT flat at Rs163.50cr profit pressures in the auto components business

8 May 2022 , 06:59 AM

Sundaram Clayton Ltd reported 7.18% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs6,901.63cr. On a sequential basis, revenues were lower for the quarter by -0.20%.

For the full year FY22, the revenues were higher by 25.85% at Rs25,591cr. Sundaram Clayton is the holding company of TVS Motors and a clutch of other companies in the auto components and the ancillary space.

During the company had sold a 2% stake in TVS Motors. Top line grew for the auto and the financial services business.

The consolidated net profit for Q4 was up flat at Rs163.50cr while it was sharply up on a sequential basis by 28.42%.

The profits from the automobile and the auto parts business took a hit on account of weak domestic sales and higher input costs for the auto sector.

Profits from the financial services were higher on better interest spreads. Net margins stood at 2.37% in Mar-22 quarter compared to 2.60% in Mar-21. NPM was higher sequentially compared to 1.87% in Q3. Holding company margins tend to have multiple impact factors.

Financial highlights for Mar-22 compared yoy and sequentially

	Sundaram Clayton
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 6,901.63	₹ 6,439.57	7.18%	₹ 6,915.62	-0.20%
Net Profit (Rs cr)	₹ 163.50	₹ 167.16	-2.19%	₹ 127.32	28.42%
Diluted EPS (Rs)	₹ 80.81	₹ 82.62		₹ 62.93
Net Margins	2.37%	2.60%		1.84%