How did you see the latest results of Tinplate India Ltd for the Mar-22 quarter?
Answer
Answer
For the Mar-22 quarter, Tinplate Company reported 62.5% growth in sales revenues at Rs.1,227 crore on a consolidated basis. Revenues were up 4.02% sequentially. Tinplate manufactured and supplies electrolytic tin mill products, which saw smart demand revival in Q4. The board of Tinplate Company recommended a dividend of Rs.4 per share. FY22 full year revenues were up 86.32% on a yoy basis at Rs.4,250 crore. Here is a financial gist.
Tinplate Company
Rs in Crore
Mar-22
Mar-21
YOY
Dec-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%
Let me now turn to the profitability of Tinplate. It reported net profits of Rs114.42cr, up 103.74% in Q4. The profit growth was due to lower raw material costs and working capital efficiency gains. For the full fiscal FY22, Tinplate reported 250% higher net profits at Rs.353 crore. Net margins for Q4-FY22 stood at 9.33% compared to 7.44% in the year ago quarter Q4-FY21. Net margins were higher by 108 basis points on a quarter on quarter basis.