Q4 Results 2022: Listed companies including JK Lakshmi Cement, Aditya Birla Fashion & Retail, Westlife Development and Arvind Ltd. reported their March quarter results. Here are the main highlights of the results of these companies
JK Lakshmi Cement’s Q4 profit rises 18.3% to Rs 188.36 crore, revenue rises 12.3%
JK Lakshmi Cement on Wednesday increased its consolidated net profit by 18.36 per cent to Rs 188.36 crore for the fourth quarter ended March 2022, contributing to improved operational efficiency and higher volume.
The company had earned Rs 159.13 crore in the January-March period a year ago, JK Lakshmi Cement said in a regulatory filing.
Its revenue from operations increased by 12.32 per cent to Rs 1,599.83 crore in the quarter under review from Rs 1,424.32 crore in the year-ago period.
“Despite the relentless rise in petrochemical and diesel prices, which are at all-time highs, JKLC can achieve healthier profits through efficient operation, energy consumption, good product mix and continuous improvement,” the company said in a revenue statement.
The total cost of JK Lakshmi Cement was Rs. 1,367.69 crore, which is 13.31 per cent higher than Rs.
For the financial year ended March 2022, JK Lakshmi Cement reported a 13.40 per cent increase in its consolidated net profit of Rs 477.58 crore. It reported a net profit of Rs 421.12 crore in the previous year.
Its revenue from operations in 2021-22 was Rs 5,419.89 crore. This is an increase of 14.64 per cent over Rs 4,727.44 crore in the same period a year ago.
Meanwhile, JK Lakshmi Cement in a separate filing said that in a meeting held on Wednesday, its board recommended a 100 per cent dividend of Rs 5 / – per equity share for the financial year ending March 21, 2022.
Shares of JK Lakshmi Cement Ltd settled at Rs 393.80 on the BSE on Wednesday, down 0.29 per cent from the previous close.
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ABFRL earned Rs 31.90 crore for January-March, sales increased by 25.3%
Aditya Birla Fashion and Retail Ltd. reported a consolidated net profit of Rs.
Aditya Birla Fashion and Retail Limited (ABFRL) said in a regulatory filing that the company had incurred a net loss of Rs 195.86 crore in the January-March quarter of the previous fiscal.
Its revenue from operations during the quarter under review increased by 25.32 per cent to Rs 2,282.83 crore from Rs 1,821.58 crore in the same period of the previous fiscal.
“Despite the effects of the third wave of epidemics, a rapid revival of demand across the segment has led to a strong quarterly performance. Investments in e-commerce and minimal channel expansion have resulted in a growing consumer-friendly approach to our brands,” the ABF said in a statement.
The total cost of ABFRL was Rs 2,266.06 crore, an increase of 15.58 per cent over Q4 / FY 2021-22, compared to Rs 1,960.47 crore.
The revenue from the Madura Fashion and Lifestyle segment rose 32.28 per cent to Rs 1,660.11 crore from Rs 1,254.99 crore in the same quarter last year on the back of a revival of wholesale business and a strong retail sales.
“Product innovation and expansion into new segments have driven the growth of our brand franchise. The business has continued to expand into the small town market as well, built on successful pilots earlier this year,” it says.
Pantaloons’ revenue rose 13.12 per cent to Rs 674.86 crore from Rs 596.54 crore in the same quarter last year, despite disruptions in large format stores due to the third wave of Covid.
“The e-commerce channel YoY grew 81%, Pantaloons.Com grew 63% over the previous year. Pantaloons doubled its aggressive network expansion agenda by opening 18 stores this quarter,” it says.
For the fiscal year ended March 2022, ABFRL reduced its consolidated net loss by Rs 118.36 crore from Rs 736 crore in the previous year.
Its revenue from operations in 2021-22 was Rs 8,136.22 crore. This is 55 per cent more than last year’s Rs 5,248.92 crore. ABFRL said the onset of the third wave of the epidemic had an effect early in the fourth quarter. However, March 2022 saw a strong return to business with a 50 percent increase in sales compared to last year.
“We hope that this momentum will continue into the coming quarter of this year,” he said.
Meanwhile, in a separate filing, ABFRL said in a meeting held on Wednesday that its board had re-appointed Ashish Dixit as the company’s managing director for the next five years starting February 1, 2023.
It has re-nominated Vikram Rao as an independent director for five years starting May 18, 2022.
ABFRL, part of the Aditya Birla Group, has an elegant bouquet of top fashion brands and retail formats.
In addition to the Fast Fashion Store Pantaloons, the company has a repository of leading brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England. As of March 31, 2022, the company has a network of 3,468 stores across 28,585 multi-brand outlets.
Its international brand portfolio includes – The Collective, India’s largest multi-brand retailer of international brands and long-term monopoly partnerships with select brands such as Ralph Lauren, Hackett.
London, Ted Baker, Fred Perry, Forever 21, American Eagle and Reebok.
Shares of Aditya Birla Fashion and Retail Limited settled at Rs 280.60 on the BSE on Wednesday, up 0.21 per cent from the previous close.
Westlife Development’s net profit is Tk 15 crore; Sales up 26.5%
Westlife Development Limited, the owner of Hardcastle Restaurant, the master franchise of McDonald’s restaurants for West and South India, posted a consolidated net profit of Rs 15.06 crore for the fourth quarter ended Wednesday, March 2022.
Westlife Development Ltd said in a BSE filing that the company had a net loss of Rs 6.03 crore in the January-March quarter a year ago.
Its sales increased by 26.50 per cent to Rs 443.90 crore during the period under review from Rs 350.89 crore in the same quarter last fiscal.
“Facing inflationary pressures and the challenge of omicon waves, the company’s operating EBIDTA rose 46 per cent from YOY to 16 per cent. Its single-store sales growth (SSSG) for the quarter stood at 23 per cent YOY,” it said.
The total operating cost and expenditure of Westlife Development was Rs 353.48 crore, an increase of 25.53 per cent over the fourth quarter of 2021-22, compared to Rs 281.59 crore during the previous year.
In the fourth quarter of FY22, the company opened 12 new McDonald’s restaurants. In addition, Westlife now has a total of 326 restaurants and 262 McCafফেs in 47 cities.
Amit Jatia, Vice Chairman, Westlife Development, said: “Our strong performance was influenced by our omni-channel strategy, menu innovation and cost optimization practices, and it was a testament to our scale and agility. Elastic and our goal is to continue to provide seamless customer experience for all our stakeholders by leveraging our momentum to drive long-term, sustainable growth. “
For the fiscal year ended March 2022, the combined net loss of Westlife Development was Rs 3.38 crore. It reported a net loss of Rs 99.21 crore in the previous financial year.
Its sales in 2021-22 stood at Rs 1,556.08 crore. This is 59.55 per cent more than Rs 975.25 crore in the same period a year ago.
Shares of Westlife Development Ltd fell 3.17 per cent to Rs 464 on the BSE on Wednesday.
Arvind Ltd’s fourth quarter profit rises 74% to Rs 6 crore
Leading textile maker Arvind Ltd reported a 64.22 per cent increase in consolidated net profit of Rs 87.60 crore for the fourth quarter ended March 2022, which was supported by strong volume and price growth during the period.
The company had a net profit of Rs 53.34 crore in the January-March period a year ago, Arvind said in a regulatory filing.
The revenue from operations was Rs 2,203.50 crore as against Rs 1,654.87 crore in the corresponding period of the previous year.
Its fabric and garments volume was strong in both domestic and export markets, Arvind said in an earnings statement.
The amount of clothing this quarter was the highest ever and the amount of clothing was healthy, it says.
“As cotton prices continued to rise, margins were under pressure, and other input costs were higher. Although price increases helped offset cost growth, the number of margins appears lower than in the past,” it says.
The total expenditure for the quarter was Rs 2,081.22 crore, up from Rs 1,566.36 crore a year ago.
Revenue from textiles increased by Rs 1,824.11 crore from Rs 1,331.16 crore in the year-ago period.
Revenue from improved materials was Rs 267.08 crore as compared to Rs 198.65 crore in the March quarter of 2020-21.
For the financial year ended March 2022, the consolidated net profit was Rs 241.58 crore. It reported a net loss of Rs 27.39 crore in the previous year.
The revenue from activities in the last financial year was Rs 8,033.73 crore as against Rs 5,072.98 crore in the previous year.
“Arvind Ltd has closed its financial year with a net debt of Rs 1,682 crore, which is Rs 268 crore less than the March 2021 level. Long-term debt has declined by Rs 415 crore during this period,” it said.
Shares of Arvind Ltd fell 1.01 per cent to close at Tk 107.90 on the BSE.