- 27 May 2022
- ICICIdirect Research
SAMIL REPORTS STEADY SET OF NUMBERS FOR Q4FY22
News: Consolidated revenues (excl DWH) for the quarter stood at Rs. 17,184 crore, up 7% QoQ. EBITDA on consolidated basis stood at Rs.1,211 crore with associated EBITDA margins at 7.1%, up 35 bps QoQ. Consequently consolidated PAT (excl DWH) for the quarter stood at Rs. 130 crore, down 42% QoQ, impacted by exceptional costs item as well as higher effective tax rate
Views: Indian operations out-performance the overseas business segments. Standalone business (excl. DWH, largely Indian operations) grew 23% QoQ to Rs. 1,630 crore with consequent EBITDA margins placed at 13.2%, up 320 bps QoQ (includes service fee from DWH operations for 9MFY22). Overseas subsidiaries performance was however muted on the margins front. EBITDA margins in SMR & SMP stood at 8.8% (down 30 bps QoQ) & 4.7% (down 230 bps QoQ) respectively. The operations at SMP & SMR were impacted on account of higher RM, energy costs as well as higher labour costs
Impact: Neutral