Q4 Results 2022: HFCL, CDSL, L&T Finance Holdings and Tata Chemicals announce Q4 results; here are key highlights!

Q4 Results 2022: More companies announced their March quarter results on Friday. HFCL Limited, Central Depository Services (India) Limited, L&T Finance Holdings and Tata Chemicals were among some of the companies that declared their quarterly earnings. Here are key highlights of these companies' results. 

HFCL Q4 net profit falls 21% to Rs 68 crore

Domestic telecom gear maker HFCL on Friday posted about a 21 per cent decline in consolidated profit after tax (PAT) to Rs 68 crore in the fourth quarter ended 31 March 2022.

The company had registered a profit after tax of Rs 81 crore a year ago.

HFCL's revenue from operations in the reported quarter declined by about 15 per cent to Rs 1,182.98 crore from Rs 1,391.4 crore in the March 2021 quarter.

"Our consistent performance in spite of uncertainties on account of geopolitical conflict, supply chain constraints, increased input cost, and pandemic related volatilities reflects the resilience of our business model and steady strengthening of our growth foundation.

"Steady technological strides, capacity additions, portfolio expansion and fiscal prudence adds predictability to our performance, as evident in our performance numbers," HFCL managing director Mahendra Nahata said in a statement.

For the full FY22, the consolidated profit of HFCL increased by 32.33 per cent to Rs 325.86 crore from Rs 246.24 crore a year ago.

The annual revenue from operations grew by 6.8 per cent to Rs 4,727.11 crore from Rs 4,422.96 crore in 2020-21.

HFCL is moving ahead with another round of Rs 425 crore capex and expanding its global footprints, Nahata said. 

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CDSL's quarterly profit jumps 51% to Rs 78 crore

Leading depository CDSL on Friday reported a 51 per cent jump in its net profit to Rs 78.12 crore for the quarter ended March.

It had posted a net profit of Rs 51.65 crore in the year-ago period, CDSL said in a statement.

The company's total income rose by 34 per cent to Rs 148.02 crore in the quarter under review, from Rs 110.25 crore in the same period a year ago.

For the financial year 2021-22, the depository clocked a net profit of Rs 263.73 crore, a surge of 65 per cent from the preceding fiscal. The total income stood at Rs 480.13 crore in FY 21-22, a growth of 54 per cent.

In February this year, Central Depository Services (India) Limited (CDSL) became the first depository to register 6 crore demat accounts. Moreover, 74 lakh demat accounts were opened in the fourth quarter of FY22.

"We saw the year-on-year growth momentum continuing in Q4 with improved earnings quality as compared to the Q4 of the previous financial year. During the quarter, we crossed another milestone of 6 crore demat account.

"Throughout 2021-22, CDSL has continued with its strong investor focused approach while maintaining a steady effort towards innovation. As a result, we have delivered strong organic growth and a healthy margin," Nehal Vora, Managing Director and CEO of CDSL, said.

The company's board has declared a final dividend of Rs 15 per equity share for FY22, subject to the approval of the shareholders. This is the highest ever in the history of the company.

CDSL facilitates holding and transacting in securities in electronic form and facilitates settlement of trades on stock exchanges.

It maintains and services more than 5.5 crore demat accounts of investors or Beneficial Owners (BOs) spread across India. These BOs are serviced by over 590 depository participants of CDSL from over 21,400 locations.

L&T Finance Holdings Q4 profit up 28% at Rs 342 crore

L&T Finance Holdings (LTFH) on Friday reported a 28 per cent rise in its consolidated net profit at Rs 342 crore for the quarter ended March.

The company had posted a net profit of Rs 266 crore in the year-ago period.

However, the total income declined to Rs 2,946.78 crore in the quarter under review, against Rs 3,322.55 crore in the same period a year ago, LTFH said in a regulatory filing.

The company's board has recommended a dividend of 50 paise per share of face value of Rs 10 each. 

Tata Chemicals profit surges to Rs 470.24 crore in Q4

Tata Chemicals on Friday reported a multi-fold jump in consolidated profit after tax at Rs 470.24 crore for the quarter ended March.

The company's profit after tax stood at Rs 29.26 crore in the year-ago period,

According to a regulatory filing, the consolidated income from operations grew 32 per cent during the quarter under review to Rs 3,481 crore. In the same period a year ago, it stood at Rs 2,636 crore.

For 2021-22, Tata Chemicals' profit after tax on a consolidated basis was up 221 per cent to Rs 1,400 crore. The same stood at Rs 436 crore in the year-ago period.

The income from operations climbed 23.74 per cent to Rs 12,622 crore compared to Rs 10,200 crore in FY21.

"While the global demand environment continues to be positive across our products and their applications, the supply side environment, especially energy and input costs remain at elevated levels along with logistic challenges that continue to be seen in the market.

"The team has responded well to ensure customers are served with agility," Tata Chemicals Managing Director and CEO R Mukundan said.

According to him, the focus has been to ensure sustained and consistent volume deliveries to customers and the company continues its long-term focus on excellence by leveraging digitalisation and sustainability.

"In addition to operational excellence, we continue to focus on executing the Phase I growth capex in India. The company has further planned for Phase II capacity expansion of soda ash (300 kilo tonnes) and bicarb (70 kt) and specialty silica capacity by 50 kt for a capex outlay of Rs 2,000 crore in India," he added.

Shares of the company on Friday closed at RS 940.75, down 1.90 per cent on BSE.