Q4 Results 2022: BSE, Kalyan Jewelers, Relaxo Footwears Announces March Quarterly

Q4 Results 2022: As the earnings season continues, more listed companies announced their quarterly results on Wednesday. Among them was BSE Ltd., Kalyan Jewelers Limited and Relaxo Footwear Limited. Here are the main highlights of the results:

BSE Q4 Results 2022: Net profit doubles to Rs 71.52 crore in March quarter

Leading stock exchange BSE on Wednesday doubled its net profit to Rs 71.52 crore for three months from March 2022.

In comparison, the exchange had a net profit of Rs 31.75 crore in the same quarter of the previous financial year, the BSE said in a regulatory filing on the NSE.

During the quarter under review, the revenue from operations increased to Rs 204.59 crore from Rs 152.18 crore in the quarter ended March 2021.

The Exchange has declared a final dividend of Rs 13.5 per 2 equity shares in the extended equity capital post issue of bonus shares in March 2021-22.

“Over the years, BSE has worked on a strategy to create products and markets for companies and investors, in a way that enables us to grow in all economic conditions, so that BSE is truly an all-weather growth story, something that Does not exist in a single market or asset class, ”said Ashish Kumar Chauhan, MD and CEO of the exchange.

“Since we launched FY 2023, we are in a better position than ever to capitalize on the trends that are occurring across the asset class, and we are focused on investing and implementing the many growth opportunities ahead of us,” he added.

For the full financial year 2021-22, the net profit of the stock market has increased by 73 per cent to Rs 244.93 crore from Rs 141.7 crore in the previous financial year.

Its revenue from activities increased by 48 per cent to Rs 743.15 crore in FY22 from Rs 501.37 crore in the previous year.

BSE shares ended at Rs 721 on the NSE and fell more than 4 percent from Tuesday’s closing price.

Kalyan Jewelers Q4 Results 2022: Consolidated PAT down 2.47% to Rs 72.04 Crore

Jewelery retailer Kalyan Jewelers saw its post-tax profit (PAT) decline by 2.47 per cent to Rs 72.04 crore for the quarter ended March 31.

The company had a PAT of Rs 73.87 crore in the same quarter of 2020-21, Kalyan Jewelers said in a regulatory filing.

The company’s consolidated revenue for the quarter under review declined by 6.54 per cent to Rs 2,857 crore from Rs 3,057 crore in the year-ago period.

For the full 2021-22, the company has posted a consolidated PAT of Rs 224.03 crore. It lost Rs 6.07 crore in FY21.

The revenue collected from the company’s operations increased by 26.18 per cent to Rs 10,817.93 crore in FY 2021-22 from Rs 8,573.30 crore in 2020-21.

“The fourth quarter started with a very high base and Omicron-powered waves hampered showroom operations in the first half of the quarter.

The quarter also saw extreme volatility in gold prices driven by the geopolitical situation in Ukraine and its related impact on demand.

This Akshay III (FY2022-23) was excellent with significant attractions in all regions, including the non-southern market, he added.

“We have seen significant growth not only in terms of price but also in terms of footfall. The first week of April and May was very encouraging in both India and the Middle East and was consistent with our plan for the current year,” he added.

Shares of Kalyan Jewelers rose 8.70 per cent to close at Rs 63.75 on the BSE from the previous closing price.

Relaxo Footwear Q4 Results 2022: Net profit down 38% to Rs 63 crore

Relaxo Footwear Ltd reported a 38.40 per cent decline in net profit of Rs 62.93 crore for the fourth quarter ended March 2022 on Wednesday.

It posted a net profit of Rs 102.17 crore for the January-March quarter of the previous fiscal, Relaxo Footwears said in a regulatory filing.

Its revenue from operations during the period under review declined by 6.61 per cent to Rs 698.19 crore from Rs 747.68 crore in the corresponding period of the previous year.

The total cost of the company was Rs 619.66 crore, up 0.43 per cent in Q4 FY22 from Rs 616.96 crore a year ago.

For the full financial year ended March 31, 2022, Relaxo Footwears’ net profit fell 20.19 percent to Rs 232.68 crore. It has a net profit of Rs 291.56 crore in 2020-21.

Revenue from operations in 2021-22 was Rs 2,653.27 crore. This is 12.46 per cent higher than Rs 2,359.15 crore in FY21.

Meanwhile, in a separate filing, Relaxo Footwear said in a meeting held on Wednesday that its board had recommended a final dividend of Rs 2.50 per equity share with a face value of Rs 1 per share for FY22.

Shares of Relaxo Footwears settled at Rs 1,038.40 on the BSE on Wednesday, down 0.89 per cent from the previous close.

Input from PTI

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