Q4 Results 2022: Bank of Baroda, Emami, DB Corp, RattanIndia Power announce March quarter results; here are key highlights

Q4 Results 2022: Many listed companies announced their March quarter results on Friday. Among them were Bank of Baroda (BOB),  Emami, DB Corp and RattanIndia Power. Here are key highlights of the results.

Bank of Baroda Q4 Results 2022: posts net profit of Rs 1,779 cr in March quarter

State-owned Bank of Baroda on Friday reported a net profit of Rs 1,779 crore in the quarter ended March 2022.

The bank had posted a net loss of Rs 1,047 crore in the same quarter of FY 2020-21.

The total income during January-March period of 2021-22, was down at Rs 20,695.90 crore, as against Rs 21,501.94 crore in the same period of 2020-21, Bank of Baroda (BoB) said in a regulatory filing.

For the full financial year 2021-22, the bank reported a net profit of Rs 7,272.28 crore, a multi-fold jump from Rs 828.95 crore in 2020-21.

Total income during the year, however, fell to Rs 81,364.73 crore from Rs 83,429 crore a year ago.

Net interest margin (NIM) for Q4FY22 was 3.08 per cent, an increase of 36 bps compared to Q4FY21, it added.

On the asset quality, the lender witnessed an improvement with the gross non-performing assets (NPAs or bad loans) falling to 6.61 per cent of the gross advances by end of March 2022, from 8.87 per cent by end of March 2021.

In value terms, the gross NPAs were at Rs 54,059 crore, down from Rs 66,671 crore.

The net NPAs too declined to 1.72 per cent (Rs 13,365 crore), as against 3.09 per cent (Rs 21,780 crore).

BoB said its board has also approved raising additional capital of up to Rs 2,500 crore by way of additional tier I or tier II debt capital instruments with interchangeability option, issued in India/overseas in suitable tranches up to March 31, 2023.

This will be subject to applicable regulatory/statutory approvals, the bank said.

The board of the bank has recommended a dividend of Rs 1.20 per equity share for the 2021-22 subject to declaration/approval at the ensuing annual general meeting, the bank said.

The Bank's organic retail advances grew by 17 per cent led by growth in high focus areas such as home loan (11.3 per cent), personal loan (108 per cent), auto loan (19.5 per cent), education loan (16.7 per cent), it said.

The domestic CASA (current account savings account) ratio of the bank improved by 137 bps year-on-year to 44.24 per cent.

Among other parameters, the net interest margin improved by 32 bps (basis points) to 3.03 per cent in FY22.

Shares of BoB closed at Rs 94.95 apiece on BSE, down by 1.15 per cent from the previous close. PTI KPM

Emami Q4 Results 2022: Company posts January-March consolidated net profit of Rs 354 cr on hefty MAT credit

FMCG major Emami Ltd on Friday reported a multi-fold rise in consolidated net profit during the March quarter at Rs 354 crore against Rs 87.7 crore a year ago, boosted by a minimum alternate tax (MAT) credit of Rs 288 crore during the period.

Revenue for the quarter under review was Rs 770 crore, a 5 per cent rise over the topline of Rs 730 crore in January-March 2021.

The company said owing to the recognition of the MAT credit entitlement of the earlier years, tax liability was lower and net profit higher by Rs 230.33 crore.

"The FMCG industry was affected with muted volumes in Q4 against the backdrop of rising inflation levels, further fueled by geo-political factors, which impacted the overall consumption sentiment across rural and urban markets," Emami said in a release to the bourses.

In the quarter ended March, the Kolkata-headquartered company reported gross margins at 62.4 per cent, a contraction of only 30 basis points on account of price hikes and strategic procurement.
EBIDTA was at Rs 164 crore, a 1-per cent on-year rise.

"Despite the challenging environment that the industry is going through since the last few years, we are happy to have posted a 3 year PBT CAGR of 20 per cent in FY22, which is one of the highest in the industry since the COVID period.

With an overall focus on digital business, we are now increasingly looking at D2C and eB2B segments and our investments in new-age startups are a step towards being present in the ever expanding FMCG sector, Emami CMD Harsha V Agarwal said.

See Zee Business Live TV Streaming Below:

DB Corp Q4 profit down 60% to Rs 25 cr

Media house DB Corp on Friday reported 60.39 per cent decline in consolidated net profit at Rs 24.52 crore for the fourth quarter ended March 2022.

The company had clocked a net profit of Rs 61.91 crore in January-March period a year ago, DB Corp said in a regulatory filing.

However, revenue from operations was up 3.36 per cent to Rs 471.96 crore during the quarter under review from Rs 456.60 crore in the year-ago period.

Total expenses were at Rs 446.38 crore as against Rs 388.42 crore.

Revenue from printing, publishing and allied business was up 2.91 per cent at Rs 442.15 crore. Revenue from the radio segment rose to Rs 29.96 crore from Rs 27.34 crore in the year-ago period.

Consolidated advertising revenue was higher 1.6 per cent at Rs 313.4 crore, while circulation revenue grew 4.4 per cent at Rs 115.2 crore.

For the entire financial year ended March 31, 2022, net profit was marginally up 0.8 per cent at Rs 142.55 crore as against Rs 141.41 crore in 2020-21.

Revenue from operation stood at Rs 1,768.54 crore in 2021-22. This was 17.30 per cent higher than Rs 1,507.70 crore in previous year.

DB Corp Managing Director Sudhir Agarwal said its print advertising revenues are reaching pre-Covid levels.

"The sustainable cost-cutting measures that we undertook coupled with the support of our readers as we increase cover prices have ensured that we end this financial year on a very strong position and are well-placed to forge newer milestones in the forthcoming quarters," he said.

Meanwhile, in a separate filing DB Corp said its board has recommended a final dividend of Rs 3 per equity share of face value of Rs 10 each for 2021-22, subject to approval of the members at the ensuing AGM of the company.

DB Corp, India's leading print media company is home to newspapers including Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra Samachar.

On Friday, shares of DB Corp settled at Rs 82.50 apiece, up 0.06 per cent from the previous close on the BSE. 

RattanIndia Power reports Rs 306 cr loss in March quarter

RattanIndia Power on Friday reported a loss of Rs 306.39 crore for the quarter ended March mainly due to lower revenues.

The consolidated net profit of the company was at Rs 39.28 crore in the year-ago period, according to a BSE filing.

Total income during the quarter came down to Rs 1,032.75 crore from Rs 1,343.26 crore in the same period a year ago.

In 2021-22 fiscal, the consolidated net loss widened to Rs 1,981.45 crore from Rs Rs 941.86 crore in 2020-21.

Total income in the fiscal rose to Rs 3,669.16 crore as compared to Rs 2,634.16 crore in the preceding fiscal. 

Inputs from PTI