18 May 2022 , 12:40 AM
For full year FY22, the revenues were higher by 84% at Rs1,290 crore. For Q4FY22, the turnaround from a loss to profit happened on account of inventory efficiency gains.
This more than offset the sharp doubling of input costs. VIP also saw frequent disruption of operations on account of Micron related shutdowns across India.
For Q4FY22, The turnaround was all about smart inventory efficiency gains which compensated for the doubling of input costs during the quarter.
NPM was at 3.42% in the latest quarter, but was lower than the sequential quarter. Net cash flows from operations in the cash flow account dipped from a positive figure to a negative figure on account of sharp spike in inventories and trade receivables.
Financial highlights for Mar-22 compared yoy and sequentially
VIP Industries | |||||
Rs in Crore | Mar-22 | Mar-21 | YOY | Dec-21 | QOQ |
Total Income (Rs cr) | ₹ 355.90 | ₹ 243.00 | 46.46% | ₹ 397.34 | -10.43% |
Net Profit (Rs cr) | ₹ 12.39 | ₹ -3.78 | N.A. | ₹ 33.47 | -62.98% |
Diluted EPS (Rs) | ₹ 0.87 | ₹ -0.27 | ₹ 2.35 | ||
Net Margins | 3.48% | -1.56% | 8.42% |
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