Vaibhav Global tumbles over 7% post Q4FY22 numbers

24 May 2022 , 03:05 PM

Vaibhav Global Limited’s counter reflected low investor sentiment in today’s trade post the company’s announcement of results for the financial year and quarter ended March 31, 2022.

The company’s revenue for Q4 and FY22 grew by 2.9% and 8.4% yoy respectively. The digital revenue mix continuously increasing, now at 37% of total retail revenue.

PAT for Q4 and FY22 was Rs27 crore and Rs237 crore respectively as against Rs56 crore and Rs272 crore for comparable periods last year. Adjusted for loss in Germany, PAT for the quarter and full-year will be Rs41 crore and Rs286 crore respectively.

EBITDA margin in Q4FY22, excluding Germany stood at 8.9% vs 12.8% in Q4FY21. The margin was momentarily impacted by accelerated investments in digital marketing, marketplaces, and increased airtime on OTA platforms.

Recommended final dividend of Rs1.50 per share (face value Rs2 each) making a cumulative dividend of Rs6 per share for FY22.

Vaibhav Global is currently trading at Rs362.30 down by Rs28.85 or 7.38% from its previous closing of Rs391.15 on the BSE. The scrip touched intraday high and low of Rs377.45 and Rs355.60 respectively.