How were the quarterly numbers of Shankara Building Products for Mar-22 quarter?
Answer
Answer
Shankara Building Products reported 21.8% higher sales for the Q4FY22 quarter Rs782.23 crore on a yoy basis. FY22 full year revenues were up 18.6% at Rs2,418 crore. The company witnessed improved retail revenues despite reduced number of stores. Same store sales were up 29% on yoy basis for the full year. Smart working capital management also resulted in strong operating cash flows at Rs70 crore.
Shankara Building
Rs in Crore
Mar-22
Mar-21
YOY
Dec-21
QOQ
Total Income (Rs cr)
₹ 782.23
₹ 642.25
21.80%
₹ 584.95
33.73%
Net Profit (Rs cr)
₹ 15.57
₹ 11.07
40.65%
₹ 3.52
342.33%
Diluted EPS (Rs)
₹ 6.81
₹ 4.85
₹ 1.54
Net Margins
1.99%
1.72%
0.60%
Net profit for Q4FY22 was up 40.65% at Rs15.57 crore, largely assisted by a 26% reduction in interest costs in the quarter. EBITDA margins fell from 4.4% to 4.0% yoy on higher top line base. This was offset by the sharp fall in interest costs. Net margins were 1.99% in Q4FY22 quarter compared to 1.72% in Q4FY21 and just 0.60% in Q3FY22. For full year FY22, the retail segment EBITDA margins improved 60 bps from 5.7% to 6.3%.