This fall Outcomes 2022: Listed corporations Cipla, Max Monetary Companies, Torrent Energy, Ajanta Pharma and Welspun India introduced their March quarter outcomes on Tuesday. Listed below are key highlights of the quarterly earnings posted by these corporations
Cipla This fall outcomes 2022: internet revenue declines 12% to Rs 362 cr
Drug main Cipla on Tuesday stated its consolidated revenue after tax declined by 12 per cent to Rs 362 crore for the fourth quarter ended March 2022.
The Mumbai-based firm had posted a PAT (Revenue After Tax) of Rs 413 crore within the January-March quarter of 2020-21 fiscal.
Complete income from operations, nonetheless, rose to Rs 5,260 crore for the interval beneath evaluate as in opposition to Rs 4,606 crore within the fourth quarter of FY21, Cipla Ltd stated in a regulatory submitting.
For the yr ended March 31, 2022, the drug main posted a consolidated PAT of Rs 2,517 crore. It was Rs 2,405 crore in 2020-21.
Complete income from operations final fiscal rose to Rs 21,763 crore. It stood at Rs 19,160 crore in FY 2020-21.
“I’m happy to see the continued momentum throughout our key markets regardless of hostile seasonality impacting general enterprise combine,” Cipla MD and World CEO Umang Vohra famous.
The corporate’s home enterprise continued the double digit trajectory through the quarter, he added.
“We crossed the USD 1 billion milestone in our home branded prescription enterprise pushed by the sustained progress throughout our acute and continual portfolio,” Vohra stated.
The corporate’s established respiratory franchise and contribution from peptide property have strengthened US run price to USD 160 million, he acknowledged.
“Adjusting for Covid-linked and different one-time expenses, our core working profitability continues to be robust underpinned by the power of our enterprise fundamentals,” Vohra stated.
The drug maker continues to answer difficult enter price surroundings with price optimisation and blend administration whereas sustaining excessive serviceability, he added.
The corporate stated its board has authorised a dividend of Rs 5 per fairness share of face worth Rs 2 per share for the yr 2021-22.
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Kansai Nerolac Paints This fall revenue down 85% at Rs 19 cr
Kansai Nerolac Paints Ltd on Tuesday reported a decline of 84.49 per cent in its consolidated internet revenue at Rs 19.17 crore for the fourth quarter ended March.
The corporate had posted a internet revenue of Rs 123.62 crore within the January-March quarter a yr in the past, Kansai Nerolac stated in a BSE submitting.
Nonetheless, its income from operations was up 5.27 per cent at Rs 1,536.60 crore through the quarter beneath evaluate as in comparison with Rs 1,459.57 crore within the corresponding quarter of the earlier yr.
Kansai Nerolac’s whole bills have been at Rs 1,503.54 crore, up 15.47 per cent in This fall/FY 2021-22, as in opposition to Rs 1,302.06 crore within the year-ago interval.
Kansai Nerolac Paints Managing Director Anuj Jain stated, “The quarter witnessed impression when it comes to demand for ornamental on account of the steep worth improve in the direction of finish of Q3 FY 21-22. In automotive, passenger automobiles demand was good although impacted due to provide aspect constraints.
On uncooked materials prices, the quarter continued to witness inflationary pressures together with volatility in crude and change charges on account of robust geopolitical state of affairs globally.
“Total demand state of affairs is predicted to stay wholesome, and firm stays constructive and nicely poised to do higher. It’s anticipated that worth will increase taken in FY 21-22 will accrue within the coming yr,” stated Jain including that “firm will attempt for extra worth will increase in industrial.?
For the fiscal yr ended March 31, 2022, the corporate’s consolidated internet revenue was down 34.72 per cent at Rs 343.15 crore. It had reported a internet revenue of Rs 525.72 crore in 2020-21.
Its income from operation was at Rs 6,369.35 crore in 2021-22. This was 25.52 per cent greater than Rs 5,074.25 crore within the year-ago interval.
The board of Kansai Nerolac has advisable a ultimate dividend of Re 1 per share. As well as, the corporate had declared an interim dividend of Rs 1.25 per share paid on November 22, 2021.
“Accordingly, the overall dividend is 225 per cent (Rs 2.25 per share) for the monetary yr ended March 31, 2022, as in comparison with whole dividend of 525 per cent (Rs 5.25 per share) together with particular dividend of 200 per cent declared final yr,” it stated.
Over the outlook of Indian paint business, the corporate stated the scale of home paint business is estimated at round Rs 60,000 crore as of March 2022.
The nice progress in infrastructure, core sector in addition to vehicle and actual property is more likely to have a constructive impact on the general demand of paint for the business in the long term, it added.
Shares of Kansai Nerolac Paints Ltd on Tuesday settled at Rs 431.10 on BSE, down 1.77 per cent from the earlier shut.
Max Monetary This fall revenue doubles to Rs 144 cr
Max Monetary Companies Ltd on Tuesday reported a two-fold leap in consolidated internet revenue at Rs 144 crore for the final quarter of 2021-22.
The corporate had logged a internet revenue of Rs 70 crore in the identical interval a yr in the past.
Max Monetary Companies Ltd’s consolidated revenues declined to Rs 8,962 crore within the quarter from Rs 9,760 crore in This fall of the earlier monetary yr, it stated in a launch.
For the complete fiscal 2021-22, the corporate posted a consolidated revenue of Rs 318 crore, 43 per cent decrease in comparison with the earlier yr.
Its sole working subsidiary Max Life Insurance coverage recorded 27.4 per cent rise in whole new enterprise premium (particular person and group) to Rs 1,528 crore in FY22.
Max Life’s property beneath administration (AUM) have been at Rs 1,07,510 crore as on March 31, 2022, an increase of 19 per cent over the earlier yr.
The corporate additional stated Naina Lal Kidwai has resigned from the place of unbiased director with impact from Might 31, 2022.
Torrent Energy This fall Outcomes 2022: Firm posts Rs 487 crore loss in March quarter
Torrent Energy on Tuesday reported a consolidated internet lack of Rs 487.37 crore within the March quarter because of provision for an impairment lack of Rs 1,300 crore.
The corporate had reported a consolidated internet revenue of Rs 398.10 crore within the year-ago interval.
Nonetheless, the consolidated internet revenue earlier than the distinctive gadgets and tax stood at Rs 596.67 crore within the three months ended March, which is 31 per cent greater than Rs 455.28 crore recorded in the identical interval a yr in the past, based on a regulatory submitting.
The corporate’s whole earnings within the quarter beneath evaluate rose to Rs 3,840.59 crore from Rs 3,116.54 crore within the year-ago interval.
In response to the corporate, the loss within the newest March quarter was because of an distinctive merchandise of an impairment loss Rs 1,300 crore.
Internet carrying worth of Property, Plant & Gear (PPE) as on March 31, 2022 contains Rs 1,378.90 crore pertaining to 1,200 MW DGEN Mega Energy Challenge situated at Dahej, Gujarat.
The undertaking began industrial operations with impact from November 2014 and thereafter has operated solely intermittently or partially because of numerous components similar to unavailability of home fuel, excessive costs of imported fuel and non-availability of energy promoting association.
Within the final fiscal, the corporate carried out an impairment evaluation of DGEN by contemplating the recoverable quantity based mostly on value-in-use of DGEN in accordance with Indian Accounting Normal 36 ‘Impairment of Property’.
A further impairment lack of Rs 1,300 crore has been offered within the quarter, which has been disclosed as an distinctive merchandise within the assertion of revenue and loss, the submitting stated.
In 2021-22, the corporate reported a consolidated internet revenue of Rs 458.70 crore in as in opposition to Rs 1,295.87 crore within the earlier fiscal.
Throughout the identical interval, whole earnings rose to Rs 14,492.65 crore from Rs 12,314.47 in 2020-21.
The corporate’s board has authorised issuance of Non-Convertible Debentures as much as Rs 2,000 crore by the use of personal placement.
Additional, the board cleared appointment of Ketan Dalal as an Further Director (Non-Government Unbiased) with impact from Might 11, 2022 until the graduation of the following Annual Common Assembly (AGM).
He’ll proceed for five years from Might 11, 2022 until Might 10, 2027, topic to shareholders’ approval.
The re-appointment of Samir Mehta as Chairman of the corporate, liable to retire by rotation, for five years from April 1, 2023, has additionally been authorised by the board.
The board has additionally authorised re-appointment of Jinal Mehta as Managing Director, liable to retire by rotation, for five years efficient from April 1, 2023.
In an announcement, the corporate’s Chairman Samir Mehta stated it continued to give attention to progress initiatives within the recognized progress engines of distribution and renewables.
“In keeping with this technique, the corporate took over the operations as distribution licensee of Union Territory of Dadra and Nagar Haveli and Daman and Diu (DNH & DD) wef 1st April, 2022 put up acquisition of 51 per cent fairness share capital of the corporate.
“With our robust stability sheet, the corporate will proceed to pursue worthwhile progress alternatives throughout all the worth chain of the ability sector,” Mehta stated.” PTI KKS
Ajanta Pharma This fall internet revenue falls 5% to Rs 151 cr
Ajanta Pharma on Tuesday stated its consolidated revenue after tax declined by 5 per cent to Rs 151 crore for the fourth quarter ended March 2022.
The drug agency had reported a consolidated PAT (Revenue After Tax) of Rs 159 crore within the January-March quarter of 2020-21 fiscal.
Income from operations rose to Rs 870 crore through the interval beneath evaluate from Rs 757 crore within the year-ago interval, the Mumbai-based drug agency stated in a regulatory assertion.
For the yr ended March 31, 2022, the corporate posted a PAT of Rs 713 crore. It was Rs 654 crore in FY21. Income from operations rose to Rs 3,341 crore final fiscal as in opposition to Rs 2,890 crore in 2020-21.
The corporate stated its board has authorised the issuance of bonus fairness shares within the proportion of 1 share of Rs 2 every for each 2 shares of Rs 2 every.
Welspun India This fall outcomes 2022: revenue declines 62% laptop to Rs 51 cr
Dwelling textiles main Welspun India on Tuesday reported a 61.85 per cent decline in consolidated internet revenue at Rs 51.25 crore within the fourth quarter ended March.
The corporate had posted a consolidated internet revenue of Rs 134.34 crore in the identical quarter of earlier fiscal, Welspun India stated in a regulatory submitting.
Consolidated whole earnings through the quarter beneath evaluate stood at Rs 2,247.06 crore as in comparison with Rs 2,173.56 crore within the year-ago interval, it added.
Complete bills within the fourth quarter stood at Rs 2,138.37 crore as in opposition to Rs 1,993.84 crore within the corresponding interval of earlier fiscal.
For the fiscal ended March 31, 2022, consolidated internet revenue was at Rs 606.71 crore as in opposition to Rs 550.79 crore within the earlier fiscal, the corporate stated.
In FY22, whole earnings stood at Rs 9,377.31 crore as in comparison with Rs 7,407.96 crore in FY21, the corporate stated.
Complete bills in 2021-22 stood at Rs 8,504.47 crore.
Welspun Group Chairman BK Goenka stated, “The worldwide financial system goes by unprecedented occasions presently – Ukraine-Russia battle, logistical challenges, unseen ranges of will increase in commodity costs and many years’ excessive inflation in western economies – have all come on the again of an prolonged pandemic and resulted in dampened enterprise sentiments throughout industries worldwide.”
Towards this backdrop, the house textile revenues continued the upward trajectory to cross the USD 1 billion mark in FY22, he stated.
“This demonstrates the power of scaled-up, quality-led, and extremely differentiated gamers to take care of an edge even throughout difficult occasions. The just lately introduced free commerce agreements with Australia and Center East international locations would usher in further benefits for the Indian dwelling textiles business and gamers like Welspun,” Goenka stated.
Nonetheless, “Historic highs in cotton and coal costs, international logistics disruptions and associated impacts proceed to place additional strain on the margin entrance,” he added.
Welspun India stated its board of administrators at its assembly held on Tuesday has advisable a dividend of 15 paise per fairness share of the face worth of Re 1 every on the price of 15 per cent on the fairness shares for the monetary yr 2021-22.
Inputs from PTI
