Q4 Results 2022: Several Listed Company On Monday they announced the results of the March quarter. Was among them In conjunction with GlaxoSmithKline Pharma, Raymond, Greenply Industries and Century Plyboards who announced their quarterly results. Here are the main highlights of the results:
GlaxoSmithKline Pharma Q4 Results 2022: Company reports net loss of Rs 55 crore 4 Q4
GlaxoSmithKline Pharma Q4 Results 2022: GlaxoSmithKline Pharmaceuticals on Monday reported a cumulative net loss of Rs 55 crore from continuing its fourth quarter activities.
The pharmaceutical company has made a net profit of Rs 4 crore in the January-March quarter of the 2020-21 financial year.
GlaxoSmithKline Pharmaceuticals said in a regulatory filing that revenue from operations increased to Rs 810 crore in the fourth quarter from Rs 744 crore in the year-ago period.
For the year ended March 31, 2022, the company posted a consolidated net profit of Rs 381 crore on FY21 as against Rs 287 crore.
In the last financial year, the revenue from operations has increased from Tk 2,926 crore in 2020-21 to Tk 3,278 crore.
Sridhar Venkatesh, Managing Director, GlaxoSmithKline Pharmaceuticals, said: “Over the years, our general pharmaceutical portfolio has been gaining market share in their respective segments. Says Sridhar Venkatesh, managing director of GlaxoSmithKline Pharmaceuticals. .
Although the company’s vaccine business has been affected by low vaccination rates, many key brands have gained a growing market share, driven by streamlined performance, he added.
“We have maintained market leadership in the private vaccine market,” Venkatesh noted.
During the quarter, the company completed the transfer of the Iodex and Ostocalcium brands to GlaxoSmithKline Asia as part of GSK plc’s plans to build two world-class companies in pharmaceuticals and consumer healthcare, he said.
The company said that its board has recommended a dividend of Rs 90 per share with a face value of Rs 10 per share for the year ended March 31, 2022, with a special dividend of Rs 60 per share.
Shares of GlaxoSmithKline Pharma rose 1.4 percent from Friday’s close to close at Rs 1,514 on the NSE.
Watch G Business Live TV streaming below:
Raymond’s Q4 net profit quadruples to Rs 264.97 crore, revenue rises 43.38% to Rs 1,958.10 crore
Raymond Ltd. jumped four times its consolidated net profit to Rs 264.97 crore in the fourth quarter ended Monday, March 2022, reaching Rs 264.97 crore, aided by a strong demand and strong consumer sentiment during this period.
The company had a net profit of Rs 58.36 crore in the January-March quarter of last fiscal, Raymond said in a regulatory filing.
Its revenue from operations during the quarter under review increased by 43.38 per cent to Rs 1,958.10 crore from Rs 1,365.66 crore in the same period of the previous fiscal.
Raymond “recorded revenue and profits for the highest quarter,” the company said in an earnings statement.
Its total expenditure was Rs 1,790.12 crore, up 33.36 per cent from Q4 / FY 2021-22, as against Rs 1,342.31 crore in the previous quarter.
“With the strengths of the original brand and an extensive distribution network across the country, Raymond capitalized on strong demand and strong consumer sentiment in the last quarter of FY2022.
With a strong wedding season returning to physical mode with careers, our B2C business has seen a surge in demand, ”it says.
During the quarter, demand in the international market and export orders in the garments and engineering business maintained strong momentum.
Commenting on the results, Raymond Chairman and Managing Director Gautam Hari Singhania said the company has delivered extremely strong quarterly performance for two consecutive quarters.
“We have seen demand recovery at the pre-covidial level in all of our businesses, and with our effective cost management, we have delivered the highest returns for quarterly and year-over-year,” he said.
Raymond’s revenue from the textile segment grew by 22.66 per cent to Rs 885.80 crore in Q4 / FY22, driven by strong secondary sales, led by higher position influence in marriage-related shopping and retail outlets, compared to Rs 722.10 crore in the corresponding quarter.
“The segment reported a strong EBITDA margin of 22.7 percent over the previous year. Higher perceptions and operational skills have contributed significantly to margin performance,” it said.
Revenue from the shorting section increased by 31.11 per cent to Rs 174.60 crore as against Rs 133.17 crore in Q4 / FY 2021-22 driven by wedding season-related shopping and office opening.
“This quarter saw growth across all channels, including online. The segment reported a healthy EBITDA margin of 11 percent compared to the previous year’s EBITDA loss,” it said.
However, revenue from garments rose by 59.43 per cent to Rs 278.94 crore from Rs 174.96 crore. The garment segment grew by 69.29 per cent to Rs 212.65 crore from Rs 125.61 crore, driven by higher demand from existing customers in the US and European markets and new customer acquisitions. “The EBITDA margin for the quarter has risen to 3.5%, mainly due to higher usage levels,” it said.
Revenue from tools and hardware was Rs 122.23 crore, up 1.61 per cent from Rs 120.29 crore. Its revenue from the auto component segment increased by 19.42 per cent to Rs 82.43 crore from Rs 69.02 crore in the January-March quarter of the last fiscal.
“Sales growth was driven mainly by the Department of Ring Gears, Drills and Bearings in the domestic and export markets of the United States, Europe and Asia. The business reported an EBITDA of Rs 34 crore for the quarter,” it said.
Its real estate and property development is five times higher at Rs 321.20 crore as against Rs 54.12 crore.
“The business has seen strong growth in bookings due to increased demand among first-time homeowners, overall liquidity in the market and faster construction momentum in its projects,” said Raymond.
For the fiscal year ended March 2022, Raymond had a consolidated net profit of Rs 265.12 crore. It reported a net loss of Rs 303.65 crore in the previous year.
Its revenue from operations in 2021-22 was Rs 6,178.51 crore. This is 79.27 per cent more than Rs 3,446.47 crore in the same period a year ago.
Meanwhile, in a separate filing, Raymond stated that at a meeting held on Monday, his board recommended a 30 percent dividend on equity share capital, which is Rs 3 per equity share with a face value of Rs 10. Fiscal year ending March 31, 2022.
Shares of Raymond Ltd settled at Rs 813.55 on the BSE on Monday, up 5.44 per cent from the previous close.
Greenply Industries Q4 Results 2022: Net profit up to Rs 29 crore
Plyboard head Greenply Industries Ltd on Monday reported a marginal increase in consolidated net profit of 1.2 per cent to Rs 29 crore in the fourth quarter ending March 2022, compared to the same quarter last year in higher revenue.
The company has faced a contraction in margins due to inflationary pressures on the spending front, which limited profits to 13 per cent jump in revenue of Rs 448.6 crore in the quarter under review.
Manoj Tulsian, Joint MD and CEO of Greenply Industries, said, “We have seen demand growth in FY22 and have achieved strong financial performance accordingly. But raw material inflation and availability issues continue to hamper growth.” Tulsian 6
The PAT margin was 76 basis points lower at 6.5 percent in the quarter.
For 2021-22, the revenue has increased by 34 per cent to Rs 1562 crore while the net profit for the year has increased by 55 per cent to Rs 94 crore. As of March 2022, the net debt stood at Rs 219.3 crore.
The company was setting up a greenfield plywood manufacturing unit in Lucknow with a capacity of 13.5 million square meters per annum. Financial closure of the project and construction activities are now complete.
Commercial activity is expected to begin soon, Tulsian said.
The company is setting up a greenfield MDF board manufacturing unit with a capacity of 800 cubic meters per day near Vadodara, Gujarat.
Civil construction work is in full swing, the project is nearing completion, he said.
Shares of Greenply Industries closed at Rs 182 on the NSE, up nearly 1.5 per cent from Friday’s closing price.
Century Plyboard’s Q4 profit rises 2% to Rs 88.75 crore, revenue rises 21% to Rs 901 crore
Century Plyboards (India) Limited has increased its consolidated net profit by 2.08 per cent to Rs 88.75 crore for the fourth quarter ended March 2022.
The company had posted a net profit of Rs 86.94 crore in the January-March quarter a year ago, Century Plyboard said in a BSE filing.
Its revenue from activities under review increased by 20.94 per cent to Rs 901.05 crore in the quarter under review from Rs 745 crore in the same quarter of the previous financial year.
The total cost of Century Plyboard was Rs 762.85 crore in FY22 Q4, which is 19.15 per cent higher than Rs 640.19 crore in FY21 Q4.
For the fiscal year ended March 2022, Century Plywood’s consolidated net profit rose 63.77 per cent to Rs 313.15 crore. It reported a net profit of Rs 191.21 crore in the previous year.
Its revenue from operations in 2021-22 was Rs 3,027.02 crore. This is an increase of 42.08 per cent over Rs 2,130.36 crore in the same period a year ago.
Century Plyboards, meanwhile, said in a separate filing that at a meeting on Monday, its board recommended a dividend of Rs 1.50 per equity share and a face value of Rs 1.50.
Shares of Century Plyboards (India) Limited closed at Rs 543.75 on the BSE on Monday, up 7.85 per cent from the previous close.
With input from PTI