Tata Metaliks Q4FY22 and Year Ended result : Profit down by 30.04% YoY, but grew 8.02% in year ended

Recommended a dividend of ₹ 8/- per Equity Share of ₹ 10.00/- each (80%) to the shareholders of the Company for the Financial Year ended March 31, 2022.

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A subsidiary of Tata Steel, Tata Metaliks ltd has its state-of-the-art manufacturing plant at Kharagpur, West Bengal, India which produces the finest quality of pig iron and ductile iron pipes in India. The plant’s annual hot metal production capacity is 500,000 tonnes out of which 200,000 tonnes is converted into Ductile Iron (DI) pipes. The company has posted its Q4FY22 and year ended financial result today, 22 April, 2022; the details are as below :

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

The company has reported, a consolidated Total Income of ₹814.65 crore in the quarter ended on March 31, 2022 as against ₹663.64 crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 22.75%.

The company has posted a consolidated Net Profit of ₹52.46 crore in the quarter ended on March 31, 2022 as against ₹74.99 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges down by 30.04%.

The status of the EPS of the company stood at ₹16.61 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹23.75, down by 30.06%.

₹*Mar 31, 2022Dec 31, 21Mar 31, 21
Total Income814.65693.12663.64
Total Expenses772.29642.83539.7
PBT /(Loss)73.1950.29123.93
Total Tax /(credit)20.7314.4148.74
PAT /(Loss)52.4635.6574.99
*figures are in Crores

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

The company has reported, a consolidated Total Income of ₹2,762.18 crore in the financial year ended on March 31, 2022 as against ₹1,924.8 crore for the financial year ended on Mar 31, 2021, increased by 43.5%.

The company has posted a consolidated Net Profit of ₹237.45 crore in the financial year ended on March 31, 2022 as against ₹219.81 crore for the financial year ended on March 31, 2021. The PAT surges up by 8.02%.

The status of the EPS of the company stood at ₹75.20 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹69.61, up by 8.03%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income2,762.181,924.8
Total Expenses2453.691618.17
PBT /(Loss)339.32306.63
Total Tax /(credit)101.2686.01
PAT /(Loss)237.45219.81
*figures are in Crores

(III) Key Highlights about the Performance :

  • Highest annual Hot Metal and DI Pipe production at 565 KT and 236 KT respectively (previous high – HM 544 KT in FY’20 and DI Pipe 234 KT FY’19)
  • Highest annual Coke Plant production 232 KT (previous high 147 KT in FY ’19)
  • Highest annual Power Generation 22.4 MW (previous high 15.6 MW in FY’19)
  • Highest ever annual sales of PI and DI pipe from Kharagpur plant at 341 KT and 237 KT respectively
  • Revenue for the quarter saw an increase of ~17% over Q3 FY’22. Despite the continuing volatility in prices of major raw materials like coal, coke and iron ore through the quarter
  • the company could achieve PBT for the quarter (Q4 FY’22) at ~46% higher than the previous quarter (Q3 FY’22) due to the buoyant finished goods prices and profit on sale of land of discontinued operation in Maharashtra.
  • The Company achieved an EBITDA margin of 8% for Q4 FY’22 and 14% for the year FY’22.

Dividend
Recommended a dividend of ₹ 8/- per Equity Share of ₹ 10.00/- each (80%) to the shareholders of the Company for the Financial Year ended March 31, 2022. The dividend recommended by the Board of the Company is subject to the approval of the shareholders at the
ensuing Annual General Meeting (AGM) of the Company and will be paid as per applicable guidelines.

Shares of Tata Metaliks Ltd was last traded in BSE at ₹864.25 as compared to the previous close of ₹861.30. The total number of shares traded during the day was 11181 in over 753 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 873.35
  • Intraday low of ₹ 857.70