Tata Metaliks Q4 PAT down -29.9% to Rs52.46cr on input costs spike amidst supply chain bottlenecks

24 Apr 2022 , 10:54 AM

Tata Metaliks Ltd reported 22.25% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs807.92cr. On a sequential basis, the revenues were higher for the quarter by 17.12%.

For the full year FY22, the revenues were higher by 43.5% at Rs2,762cr. The company saw growth across both its verticals viz. Pig Iron and Ductile Iron Pipes. Company recorded highest ever Hot Metals and Ductile Pipe output of 565 KT and 236 KT respectively.

Coke plant production at 232 KT was also a record. Its power generation of 22.4 MW was also a full year record.

The consolidated net profit for Q4 was down -29.93% to Rs52.46cr, while the profits were up by 47.15% on a sequential basis. Q4 EBITDA fell by -10.54% at Rs63.64cr.

This was on account of the 79% spike in raw material costs during the quarter at Rs543cr. It had a capital gain of Rs30.83cr from sale of land, but could only partially offset input cost spike.

Net margins stood at 6.49% in Mar-22 quarter compared to 11.33% in Mar-21. The net profit margins were higher by 132 basis points on a sequential basis, compared to Dec-21 quarter.

Financial highlights for Mar-22 compared yoy and sequentially

	Tata Metaliks
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 807.92	₹ 660.87	22.25%	₹ 689.80	17.12%
Net Profit (Rs cr)	₹ 52.46	₹ 74.87	-29.93%	₹ 35.65	47.15%
Diluted EPS (Rs)	₹ 16.61	₹ 23.75		₹ 11.29
Net Margins	6.49%	11.33%		5.17%