News: On a consolidated basis, the company posted healthy numbers for Q4FY22 with topline coming at Rs.2078.8 up 10% QoQ. EBITDA for the quarter came in at Rs.257.1 crore with margins at 12.4% up ~160 bps QoQ. Consequently PAT was at Rs.136.2 crore up 44% QoQ
Views: The company closed the year on positive note with sequential margin recovery amid operating leverage play and also supported by gross margin expansion of 40 bps QoQ. The improved performance, however, was primarily led by standalone operations (India) with Europe still struggling on the profitability front (amidst high energy costs) with ~10% margin profile, largely flat on QoQ basis. The company has a net cash positive B/S with a history of consistent cash flow generation
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