Century Textiles and Industries Q4FY22 and Year Ended result : Sales increased by 45% YoY to ₹1,188 Cr.

Pulp and Paper business reported highest-ever quarterly sales Birla Estates' flagship project Birla Niyaara clocked more than ₹1200 Cr of booking value.

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Century Textiles and Industries Ltd is a diversified company that operates in four segments viz. Textiles Pulp & Paper Cement and Real Estate. The Textiles segment’s products/services consist of yarn cloth and denim cloth viscose filament yarn and tyre yarn. The Pulp and Paper segment’s products/services consist of pulp writing and printing paper tissue paper multilayer packaging board and fiber line. The company has posted its Q4FY22 and year ended financial results today, the details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹1,218.29 crore in the quarter ended on March 31, 2022 as against ₹844.68 crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 44.23%.

The company has posted a consolidated Net Profit of ₹86.07 crore in the quarter ended on March 31, 2022 as against ₹(8.41) crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT recovered by 1,123.42%.

The status of the EPS of the company stood at ₹7.71 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹(0.75), recovered by 1128%.

₹*Mar 31, 2022Dec 31, 21Mar 31, 21
Total Income1,218.291069.48844.68
Total Expenses1156.811035.86838.19
PBT /(Loss)61.5233.676.49
PAT /(Loss)86.0714.15(8.41)
*figures are in Crores

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹4,174.01 crore in the financial year ended on March 31, 2022 as against ₹2,678.19 crore for the financial year ended on Mar 31, 2021, increased by 55.85%.

The company has posted a consolidated Net Profit of ₹166.53 crore in the financial year ended on March 31, 2022 as against ₹(30.44) crore for the financial year ended on March 31, 2021. The PAT recovered by 647.07%.

The status of the EPS of the company stood at ₹14.91 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹(2.73), recovered by 646.15%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income4,174.012,678.19
Total Expenses3969.282694.70
PBT /(Loss)204.60(16.51)
PAT /(Loss)166.53(30.44)
*figures are in Crores
Market Times

(III) Key Highlights about the Performance :

  • Q4 FY22 Consolidated Sales increased by 45% YoY to ₹ 1,188 Cr. FY22 Sales surged by 58% over .. the previous year.
  • Consolidated EBITDA during the quarter jumped 65% YoY. FY22 EBITDA at ₹ 487Cr, was up 71% over the previous year.
  • Quarterly and Full-year PAT witnessed a sharp turnaround compared to last year.
  • Pulp and Paper business reported highest-ever quarterly sales
  • Birla Estates’ flagship project Birla Niyaara clocked more than ₹1200 Cr of booking value.

TEXTILES BUSINESS
• Turnover in Q4 FY22 has increased by 54% on a YoY basis.
• Profitability saw a complete reversal from last year backed by strong growth in sales and improved operational efficiencies.
• Capacity utilisation in Q4 FY22 touched close to 97% as against 92% in Q4 FY21.
• Launched Home-Textile product for domestic market under the brand name ‘Hill & Glade’.

REAL ESTATE BUSINESS
• The flagship project, Birla Niyaara, Worli was launched. Sales of more than ₹1,200 Cr. was achieved, making it one of the most successful launches in the Mumbai Metropolitan Region in recent years.
• Achieved sales of worth booking value of ₹1,913 Crs in FY22 which is more than 3 times the sales for FY21.
• The launched first phase of Birla Navya, Gurugram has been completely sold out.
• An agreement to jointly develop a 52-acre land parcel in North Bengaluru has been signed with M. S. Ramaiah Realty

PULP & PAPER BUSINESS
• Turnover in Q4 FY22 has increased by 46% on a YoY basis.
• Capacity utilisation of 97% was achieved during the quarter which is 5% higher than the capacity utilization in same quarter last year.
• Sales realization has increased by 32% in Q4 FY22 as compared to same quarter of FY21.
• To achieve plantation targets, collaborated & distributed 1.6 million seeds & saplings to farmers as against a target of 1.0 million.

The stock last hit in BSE,

  • Intraday High of ₹ 917.95
  • Intraday low of ₹ 862.90