347.80 -18.30 (-5.00%)

62.82% Fall from 52W High

29,212 BSE Volume High vol.+loss this week

BSE May 19, 2022 02:08 PM



GRM Overseas Ltd.    
19 May 2022, 12:36PM
347.80
-5.00%
GRM Overseas Ltd.    
18 May 2022, 10:11AM
347.80
-5.00%

Basmati rice exporter GRM Overseas declares Q4FY22 result:

  • Total Revenue in FY22 at Rs 1,171 Cr, grew by 45% YoY;
  • Profit After Tax at Rs 85 Cr, Grew by 86% YoY
  • Annual Performance
    • GRM reported sharp rise in consolidated revenue by 45.4% YoY in FY22 to Rs 1,171.4 crore in FY22 from Rs 805.8 crore in FY21
      • GRM’s Foodkraft reported a revenue of Rs 189.2 crore in FY22, as compared to Rs 58 crore in FY21, a 226.5% YoY growth. Foodkraft business has 17% share in the overall revenue in FY22 as compared to 7% share in FY21
    • During FY22, EBITDA was at Rs 129.8 crore, registering a growth of 76.7% YoY with EBITDA Margin of 11.4%
    • PAT was at Rs 84.5 crore in FY22, grew significantly by 86.1% YoY from Rs 45.4 crore in FY21 with PAT margin at 7.5%, up by 177 bps YoY
  • Quarterly Performance
    • Consolidated Total Revenue grew by 24.9% YoY to Rs 376.9 crore in Q4FY22 from Rs 301.7 crore in Q4 FY21
    • EBITDA at Rs 25.4 crore declined by 4.7% YoY from Rs 26.7 crore in Q4FY21 with EBITDA Margin at 7.0% in Q4FY22 as against 9.0% in Q4FY21
      • Raw material cost increased by around 34% YoY during the quarter which impacted the overall margin
    • The company reported consolidated PAT of Rs 15.1 crore in Q4FY22 as compared to Rs 18.5 crore, down by 18.6% YoY; impacted by lower EBITDA and increased interest cost for the quarter

Speaking about the performance, Mr. Atul Garg, Managing Director, said: “We have delivered a strong performance during the year and we believe the roadmap is now set for future growth as we have been gaining momentum across categories. Further, inclusion of Mr. Sanjeev Dar as CEO and Mr. Dinesh Chhatra as COO for GRM Foodkraft have strengthen our managerial team and we are confident to drive strong domestic performance through building our 10X brand.

Basmati rice export, which is a major revenue contributor of GRM is further expected to grow at a steady pace of 7% CAGR till FY2025, should help the company to report a stable performance. Foodkraft business would grow at a much stronger pace with the induction of our 10X brand in newer markets along with launch of packaged wheat (flour) and expected launch edible oil in coming quarter. With strong brand visibility and increasing product categories, we are progressing well to become one of the Largest & Trusted Standalone Consumer Staple Brand in India.”

Result PDF

GRM Overseas Ltd.    
17 May 2022, 06:55PM
347.80
-5.00%
GRM Overseas Ltd.    
17 May 2022, 06:52PM
347.80
-5.00%
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GRM Overseas Ltd.    
16 May 2022
347.80
-5.00%
GRM Overseas Ltd.    
16 May 2022
347.80
-5.00%
GRM Overseas Ltd.    
16 May 2022
347.80
-5.00%
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GRM Overseas Ltd.    
14 May 2022
347.80
-5.00%
GRM OVERSEAS LTD. - 531449 - Announcement Under Regulation 30 (LODR)-Credit Rating
BSE India
CRISIL Ratings has migrated the rating on bank facilities of GRM Overseas Limited to ''CRISIL BB+/Stable/CRISIL A4+ Issuer Not Cooperating'' on 13th May 2022. We had requested CRISIL to withdraw our credit rating through email dated 10th May 2022 and the same was acknowledged by CRISIL. We are following up with CRISIL for withdrawal of the credit rating as we also have current credit rating of BWR BBB +/Stable; BWR A2 from Brickwork Ratings (BWR), a SEBI registered Credit Rating Agency.
GRM Overseas Ltd.    
10 May 2022
347.80
-5.00%
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GRM Overseas Ltd.    
09 May 2022
347.80
-5.00%
69 Votes:
Buy 69.57%
Sell 14.49%
Hold 15.94%
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