Metal company Kirloskar Ferrous Industries announced Q4FY22 results: Q4FY22 (Standalone): Operating revenue at Rs 900.6 crore for Q4 FY22 vs Rs 933.2 crore for Q3 FY22 3% decrease QoQ EBITDA at Rs 121.1 crore for Q4 FY22 vs Rs 137.9 crore for Q3 FY22 12% decrease QoQ EBITDA margin at 13% for Q4 FY22 vs 15% Q3 FY22 PBT at Rs 85.5 crore for Q4 FY22 vs Rs 110.2 crore for Q3 FY22 22% decrease QoQ, PAT at Rs 65.3 crore for Q4 FY22 vs Rs 81.4 crore for Q3 FY22 20% decrease QoQ FY22 (standalone): Operating revenue at Rs 3,615.0 crore for FY22 vs Rs 2,038.1 crore for FY21; 77% increase YoY EBITDA at Rs 658.4 crore for FY22 vs Rs 464.3 crore for FY21; 42% increase YoY EBITDA margin at 18% for FY22 vs 23% FY21 PBT at Rs 542.7 crore for FY22 vs Rs 363.2 crore for FY21 49% increase YoY PAT at Rs 406.1 crore for FY22 vs Rs 302.1 crore for FY21 34% increase YoY FY22 (Consolidated): Operating revenue at Rs 3,748.3 crore for FY22 EBITDA at Rs 654.8 crore for FY22 EBITDA margin at 17% for FY22 PBT at Rs 533.2 crore for FY22 PAT at Rs 299.7 crore for Q4 FY22 Board of Directors have recommended a Final Dividend of Rs 3 per equity share of INR 5 each (i.e. 60 percent) for financial year 2021-2022. Making the total dividend for the full year at Rs 5.50 per share (i.e. 110%) Commenting on the Q4 and FY 2022 results, R.V.Gumaste, Managing Director, KFIL, said “Q4 has been a steady quarter for us, with revenue at INR 901 crore and Net profit of 65 crore. With this we have closed the year with 77% top line growth and 34% PAT growth. On the KFIL side, all the expansion projects are going as planned. Our MBF-2 upgradation is expected to finish in early June. We successfully completed acquisition of ISMT in the last quarter. We are already working towards the execution of our turnaround plan for ISMT. We see a great value in this company.” Result PDF
Metals and mining company Kirloskar Ferrous Industries declares Q3FY22 result: KFIL reports a third quarter and 9Mo FY 2022 with 110.5% revenue growth and Net Profit of INR 340.8 Cr, 104.4% increase year on year for 9 Mo ended December 31, 2021 Review of Q3 FY 2021-22 Financial Performance: Operating revenue at INR 933.2 Cr for Q3 FY22 vs INR 958.4 Cr for Q2 FY22 3% decrease QoQ and 58% increase YoY EBITDA at INR 137.9 Cr for Q3 FY22 vs INR 186.9 Cr for Q2 FY22 26% decrease QoQ and 5% decrease YoY EBITDA margin at 15% for Q3 FY22 vs 20% Q2 FY22 and 25% Q3 FY21 PBT at INR 110.2 Cr for Q3 FY22 vs INR 160.6 Cr for Q2 FY22 31% decrease QoQ, 8% decrease YoY PAT at INR 81.4 Cr for Q3 FY22 vs INR 119.8 Cr for Q2 FY22 32% decrease QoQ, 31% decrease YoY Review of 9 Mo FY 2021-22 Financial Performance: Please note that due to COVID 19 lockdown last year, the plant was nonoperational for 45 days. Also, Hiryur plant was commissioned in February 2021. This has resulted in lower base of 9 Mo FY21. Operating revenue at INR 2,714.4 Cr for 9 Mo FY22 vs INR 1,289.4 Cr for 9 Mo FY21; 110.5% increase YoY EBITDA at INR 537.3 Cr for 9 Mo FY22 vs INR 267.6 Cr for 9 Mo FY21; 101% increase YoY EBITDA margin at 20% for 9 Mo FY22 vs 21% 9 Mo FY21 PBT at INR 457.2 Cr for 9 Mo FY22 vs INR 192.2 Cr for 9 Mon FY21 138% increase YoY PAT at INR 340.8 Cr for 9 Mo FY22 vs INR 166.8 Cr for 9 Mo FY21 104% increase YoY Commenting on the Q3 FY 2022 results, R.V.Gumaste, Managing Director, KFIL, said “Q3 has been a steady quarter. The revenue growth was 58% at INR 933.20 crore, EBITDA at INR 137.9 crore was lower by 5% year on year. With the continued uptrend in commodity prices, we see the pressure on our margins. However, we have been able to maintain tight control on our costs to keep the margin impact lower. On the expansion plan, we are on track on all our projects.” Result PDF