Vardhman Textiles Q4FY22 PAT up 29.93% at Rs322.12 crore as input costs offset sales increase

23 May 2022 , 01:01 PM

Vardhman Textiles Ltd reported 39.04% increase in revenues yoy for the Q4FY22 quarter on consolidated basis at Rs2,707 crore. On a sequential basis, revenues were up for the quarter by 3.99%.

Full year FY22 revenues were up 56.7% at Rs6,622 crore. The sales of the acrylic fibre business was flat on yoy basis while the sales of the predominant textiles business saw sales growth of 41.7% at Rs2,642 crore.

Cash from operations is up nearly 9 fold for the quarter. Dividend of Rs34 per share has been announced by the company.

The consolidated net profit for Q4FY22 was up 29.93% at Rs322.12 crore. The net profits were lower by -24.8% on a sequential basis.

Due to the spike in the cost of raw materials consumed, the EBITDA margins for the quarter fell from 22.14% to 19.88% yoy. However, debtor turnover days and inventory turnover days are lower due to pressure on working capital cycle. 

Net margins were 11.90% in Q4FY22 quarter compared to 12.73% in Q4FY21. NPM was lower compared to 16.46% in Q3FY22. Acrylic fibre EBIT actually dipped from profit to loss and the profit growth was entirely from textiles.

Financial highlights for Mar-22 compared yoy and sequentially

	Vardhman Textiles
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 2,707.11	₹ 1,947.07	39.04%	₹ 2,603.18	3.99%
Net Profit (Rs cr)	₹ 322.12	₹ 247.91	29.93%	₹ 428.59	-24.84%
Diluted EPS (Rs)	₹ 11.33	₹ 8.72		₹ 15.08
Net Margins	11.90%	12.73%		16.46%