Tinplate Company Q4 PAT doubles to Rs114.42cr on working capital efficiencies
Tinplate Company of India Ltd reported 62.50% year-on-year growth in total revenue for the quarter to March 22 on a consolidated basis at Rs 1,226.88.
On a sequential basis, revenue increased 4.02% for the quarter. The company primarily operates in the manufacture and supply of electrolytic tinned products, which saw a strong recovery in demand during the quarter.
The company’s board has also recommended a dividend of Rs.4 per share. Full year revenue for FY22 increased by 86.32% on an annual basis to Rs 4,250 cr due to robust demand.
Fourth quarter consolidated net profit increased by 103.74% to Rs114.42cr, while profit increased by 20.52% on a sequential basis.
The higher year-over-year net profit growth was achieved through lower raw material costs in the quarter and working capital efficiencies. For FY22,
Tinplate reported a 250% increase in net profit to Rs353cr. Net margins for Q4-FY22 were 9.33% compared to 7.44% in the prior quarter of the prior year Q4-FY21. Net profit margins also increased by 108 basis points on a sequential basis.
Financial highlights for March 22 compared year-over-year and sequential
|
Tinplate Company |
|||||
|
Rs to Crore |
March 22 |
March 21st |
YEAR |
December 21 |
QOQ |
| Total income (Rs cr) | ₹1,226.88 | ₹754.98 | 62.50% | ₹1,179.51 | 4.02% |
| Net profit (Rs cr) | ₹114.42 | ₹56.16 | 103.74% | ₹94.94 | 20.52% |
| Diluted EPS (Rs) | ₹10.93 | ₹5.37 | ₹9.07 | ||
| Net margins | 9.33% | 7.44% | 8.05% |
