Elecon Engineering Company announced Q4FY22 results: Standalone FY22: Total Operating income was Rs. 884.4 Crores for FY22 as compared to Rs. 796.4 Crores in FY21 EBITDA stood at Rs. 184.2 Crores for FY22 as compared to Rs. 144.1 Crores during the corresponding period of previous year EBITDA Margin at 20.8% for FY22 as against 18.1% in FY21 Profit Before Tax stood at Rs. 123.6 Crores for FY22 as compared to Rs. 58.3 Crores in FY21, reflecting an increase of 112.1% Net Profit stood at Rs. 95.5 Crores for FY22 as compared to Rs. 36.3 Crores in FY21, reflecting an increase of 163.4% Total Debt of the Company is reduced to Rs. 100.02 Crores as at March 31, 2022 compared to Rs. 225.29 Crores as at March 31, 2021. Consolidated FY22: Total Operating income was Rs. 1203.6 Crores for FY22 as compared to Rs. 1,044.7 Crores in FY21 EBITDA stood at Rs. 246.4 Crores for FY22 as compared to Rs. 185.6 Crores during the corresponding period of previous year EBITDA Margin at 20.5% for FY22 as against 17.8% in FY21 Profit Before Tax stood at Rs. 170.5 Crores for FY22 as compared to Rs. 81.3 Crores in FY21, reflecting an increase of 109.8% Net Profit stood at Rs. 140.5 Crores for FY22 as compared to Rs. 57.6 Crores in FY21, reflecting an increase of 143.8% Debt in overseas entity is paid off during the year. Standalone Q4FY22: Total Operating income was Rs. 245.8 Crores for Q4FY22 as compared to Rs. 273.5 Crores in the corresponding period of the previous year. EBITDA stood at Rs. 50.7 Crores as compared to Rs. 57.8 Crores during the corresponding period of previous year. EBITDA Margin at 20.6% for Q4FY22 as against 21.1% in Q4FY21 Profit Before Tax stood at Rs. 39.3 Crores for Q4FY22 as compared to Rs. 37.2 Crores in the corresponding period of the previous year Net Profit stood at Rs. 33.5 Crores for Q4FY22 as compared to Rs. 22.4 Crores in the corresponding period of the previous year Consolidated Q4FY22: Total Operating income was Rs. 329.7 Crores for Q4FY22 as compared to Rs. 350.1 Crores in the corresponding period of the previous year. EBITDA stood at Rs. 68.5 Crores as compared to Rs. 73.5 Crores during the corresponding period of previous year. EBITDA Margin at 20.8% for Q4FY22 as against 21.0% in Q4FY21 Profit Before Tax stood at Rs. 53.8 Crores for Q4FY22 as compared to Rs. 47.1 Crores in the corresponding period of the previous year Net Profit stood at Rs. 46.3 Crores for Q4FY22 as compared to Rs. 31.6 Crores in the corresponding period of the previous year. Commenting on the Company’s performance, Mr. Prayasvin Patel, CMD said “We are pleased to announce robust set of performance amid improving external environment and continual improvements in internal efficiency. The Gears segment continues to perform well on the back of strong demand environment leading to healthy order inflow from our end user industries which bodes well for the gears division. In the MHE division, performance is substantially improved post change in the business strategy. The Company has made a good progress on recovery and also closure of few legacy projects. As such we expect significant turnaround in the MHE division going forward due to our strategic business approach and focusing on profitability and liquidity.” Result PDF