Tata Metaliks posts highest ever PBT of Rs339 crore in FY22; stock tumbles ~5.5%

25 Apr 2022 , 11:49 AM

Tata Metaliks Limited announced its Financial Results for the quarter and financial year ended March 31, 2022. While the company recorded Revenue from operations of Rs808 crore and PBT of Rs73 crore for the quarter ending March 22, the figures for the full year FY22 stand at Rs2,746 crore and Rs339 crore respectively.

The Board of Directors has recommended a dividend of Rs8 per fully paid equity share of Rs 10 each.

Revenue for the quarter saw ~17% sequential growth in Q4FY22.

The Company achieved an EBITDA margin of 8% for Q4FY22 and 14% for FY22.

The company’s PAT for Q4FY22 stood at Rs52.46 crore, down by 30% yoy as compared to Rs74.99 crore in Q4FY21. While PAT for FY22 grew by 7.42% yoy at Rs237.45 crore as compared to Rs219.81 crore in FY21.

EBITDA for Q4FY22 was Rs63.64 crore as compared to Rs145.87 crore in Q4FY21, down by 56.37% yoy. EBITDA for FY22 stood at Rs394.68 crore as compared to Rs397.36 crore for FY21, marginally down.

Despite the continuing volatility in prices of major raw materials like coal, coke, and iron ore through the quarter, the company could achieve PBT for the quarter Q4FY22 at ~46% higher than Q3FY22 due to the buoyant finished goods prices and profit on the sale of land of a discontinued operation in Maharashtra.

Tata Metaliks is currently trading at Rs816.80 down by Rs47.45 or 5.49% from its previous closing of Rs864.25 on the BSE. The scrip opened at Rs846 and has touched intraday high and low of Rs846 and Rs802.30 respectively.