InvestorQ : How did you see the latest results of Tinplate India Ltd for the Mar-22 quarter?
ishika Banerjee made post

How did you see the latest results of Tinplate India Ltd for the Mar-22 quarter?

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1 month ago
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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.

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