- 31 May 2022
- ICICIdirect Research
Mayur Uniquoters posts dismal numbers for Q4FY22
MAYURUNIQ - 451 Change: -13.55 (-2.92 %)News: Total topline for Q4FY22 came in at | 146.9 crores, down 13.3% QoQ. EBITDA came in at | 23.1 crore with consequent EBITDA margin at 15.7%, down 340 bps QoQ (lowest reading in the recent past excl. Covid impacted period). PAT for quarter came at |19.5 crores, down 8.4%. For full year basis, for FY22, total sales was at | 631 crore, up 26% YoY while PAT was down 6% YoY at | 84 crore
Views: Q4FY22 marks the second consecutive QoQ decline in topline for the company with hefty impact on the margins front. Dent in margin was due to rise in RM costs (largely crude derivatives) and negative operating leverage at bay. Gross margins for the quarter declined 180 bps QoQ with other expense rising 160 bps QoQ. Company continues to remain a net debt free company on the b/s front, however little respite is seen on the increased input costs thereby keeping a check on its margins in the near term
Impact: Negative