Tinplate Company Q4 PAT doubles to Rs114.42cr on working capital efficiency gains

15 Apr 2022 , 08:10 PM

Tinplate Company of India Ltd reported 62.50% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs1,226.88cr.

On a sequential basis, the revenues were higher for the quarter by 4.02%. The company basically operates in the manufacture and supply of electrolytic tin mill products, which saw robust demand revival in the quarter.

The board of the company has also recommended a dividend of Rs.4 per share. Full year revenues for FY22 were higher on a yoy basis by 86.32% at Rs4,250cr on robust demand.

The consolidated net profit for Q4 was up 103.74% to Rs114.42cr, while the profits were higher by 20.52% on a sequential basis.

The higher growth in net profits on a yoy basis was achieved through lower raw material costs in the quarter and working capital efficiency gains. For FY22,

Tinplate reported a 250% increase in net profits at Rs353cr. Net margins for Q4-FY22 stood at 9.33% as compared to 7.44% in the year ago quarter Q4-FY21. The net profit margins were also higher by 108 basis points on a sequential basis.

Financial highlights for Mar-22 compared yoy and sequentially

	Tinplate Company
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,226.88	₹ 754.98	62.50%	₹ 1,179.51	4.02%
Net Profit (Rs cr)	₹ 114.42	₹ 56.16	103.74%	₹ 94.94	20.52%
Diluted EPS (Rs)	₹ 10.93	₹ 5.37		₹ 9.07
Net Margins	9.33%	7.44%		8.05%