Vinati Organics Q4FY22 PAT up 42.7% at Rs101.1 crore as higher inventory costs pegs profit growth

17 May 2022 , 07:05 PM

Vinati Organics Ltd reported 73.75% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs486.09 crore. On a sequential basis, revenues were higher for the quarter by 31.75%.

For full year FY22, the revenues were higher by 69.3% at Rs1,616 crore. For Q4FY22, the company reported robust volume growth as the industrial demand for specialty chemicals saw a sharp turnaround in the quarter despite the supply chain constraints.

The supply limitations from China, due to the lockdown, also helped top line.

The consolidated net profit for Q4FY22 was up 42.7% at Rs101.10 crore while it was up on a sequential basis by 21.49%.

For FY22, the net cash from operations fell by 42% at Rs127 crore on account to higher inventory lock-ins and provisions for bad debts.

The board of directors have recommended a dividend of Rs.6.50 per share for the year subject to the approval of shareholders. Net margins were 20.80% in Q4FY22 quarter compared to 25.32% in Q4FY21. NPM was lower as compared to 22.56% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Vinati Organics
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 486.09	₹ 279.77	73.75%	₹ 368.95	31.75%
Net Profit (Rs cr)	₹ 101.10	₹ 70.85	42.70%	₹ 83.22	21.49%
Diluted EPS (Rs)	₹ 9.84	₹ 6.89		₹ 80.10
Net Margins	20.80%	25.32%		22.56%