The Tinplate Co.'s PAT jumped 259% yoy for FY22; stock skids ~1%

13 Apr 2022 , 11:08 AM

Tinplate Company of India has reported a total income of Rs1,226.88 crore during the Q4FY22 as against Rs754.98 crore in Q4FY21, up by 49.26% yoy. Its total income for FY22 was reported at Rs4,249.51 crore as compared to Rs2,281.36 crore in FY21, registering a growth of 86% yoy.

The company’s PAT jumped 103% yoy at Rs114.42 crore for Q4FY22, as compared to Rs56.16 crore in Q4FY21. Its PAT during the current financial year logged growth of 259.56% yoy at Rs352.91 crore as compared to Rs98.15 crore for FY21.

Its PBT for the current quarter grew by 104.25% yoy at Rs152.13 crore as against Rs74.48 crore in Q4FY21. Whereas PBT for the year under review jumped 257.20% yoy at Rs471.18 crore against Rs131.91 crore in the previous financial year.

The company’s board has recommended a dividend of Rs4 per equity share of Rs10 each for the financial year ended March 31, 2022.

Tinplate Company is currently trading at Rs432.25 down by Rs3 or 0.69% from its previous closing of Rs435.25 on the BSE. The scrip opened at Rs441.90 and has touched intraday high and low of Rs443.15 and Rs428.75 respectively.