Q4 Results 2022: Motherson Sumi Wiring, Colgate Palmolive, Shalimar Paints, Page Industries declare March quarter results - key highlights

Q4 Results 2022: Several listed companies listed their March quarter results on Thursday. Among them were Motherson Sumi Wiring, Shalimar Paints, Page Industries and Colgate-Palmolive India. Here are key highlights of the Q4FY22 results.  

Motherson Sumi Wiring Q4 results: net profit declines 73% to Rs 46 crore

Auto components maker Motherson Sumi Wiring India Ltd on Thursday reported a 72.72 per cent decline in net profit at Rs 46.42 crore in the fourth quarter ended March 2022, impacted by higher expenses and an exceptional item outgo.

The company had posted a net profit of Rs 170.16 crore in the same period previous fiscal, Motherson Sumi Wiring India Ltd (MSWIL) said in a regulatory filing.

MSWIL was demerged from Samvardhana Motherson International Ltd (SAMIL), formerly Motherson Sumi Systems Ltd (MSSL), as part of group reorganisation and was listed on stock exchanges on March 28, 2022.

Total revenue from operations during the quarter under review stood at Rs 1,661.52 crore as compared to Rs 1,510.38 crore in the year-ago period.

The company further said its total expenses were higher at Rs 1,529.13 crore as against Rs 1,297 crore in the preceding year, it added.

During the current quarter, the company said has accrued for Rs 65.41 crore for its share of expenses incurred by SAMIL in connection with the reorganisation.

For the fiscal ended March 31, 2022, net profit was at Rs 410.67 crore. It stood at Rs 396.23 crore in the previous fiscal.

Total revenue for FY22 was at Rs 5,634.98 crore over Rs 3,937.72 crore in FY21, the company said.

"We have kept our promise of bifurcating MSSL into two separate listed companies, one being domestic wiring harness business in India, to meet the demand and expectations of our shareholders and other stakeholders," MSWIL Chairman Vivek Chaand Sehgal said.

The exercise was completed in a period of 18 months, he said adding, "this has entailed significant management time and costs which are fully accounted for in the results".

MSWIL has and will continue to invest in people, technology, and facilities ahead of time to remain aligned with future needs and continue its efforts to remain the preferred partner of its customers, Sehgal said. 

Motherson Sumi Wiring shares ended at Rs 61.90 on the BSE and were up 2.31 per cent from the Wednesday closing price.

Shalimar Paints Q4 results 2022: net loss declines to Rs 13 crore

Shalimar Paints Ltd on Thursday reported narrowing of its consolidated net loss to Rs 12.73 crore for the fourth quarter ended March 31, 2022.

The company had posted a loss of Rs 28.56 crore in the January-March period a year ago, Shalimar Paints said in a regulatory filing.

Its revenue from operations was down by 5.55 per cent at Rs 105.54 crore during the quarter under review as against Rs 111.74 crore in the year-ago period.

Total expenses were at Rs 114.39 crore, down 5.89 per cent in Q4/FY 2022 as against Rs 121.55 crore in the same period a year ago.

For the fiscal year ended March 2022, Shalimar Paints' revenue from operations was up 10 per cent at Rs 358.10 crore. It had reported a revenue of Rs 325.56 crore in the previous fiscal.

Shalimar Paints shares on Thursday settled at Rs 136.50 on BSE, up 3.76 per cent from the previous close.

Page Industries Q4 results 2022: net up 65% to Rs 190.5 cr, Revenue up 26% to Rs 1,111 cr

Apparel manufacturer Page Industries Ltd on Thursday reported an increase of 64.86 per cent in net profit at Rs 190.52 crore for the fourth quarter ended March 31, 2022.

The company had posted a net profit of Rs 115.56 crore during the January-March period a year ago, Page Industries Ltd (PIL) said in a regulatory filing.

Revenue from operations was up 26.15 per cent to Rs 1,111.11 crore during the quarter under review, as against Rs 880.76 crore in the year-ago period.

PIL's total expenses were at Rs 870.04 crore, up 18.58 per cent in Q4/FY 2021-22, as against Rs 733.69 crore in the corresponding period of 2020-21.

For the fiscal year ended March 2022, PIL's net profit jumped 57.53 per cent to Rs 536.53 crore. It had reported a net profit of Rs 340.58 crore in the previous fiscal.

Its revenue from operations was at Rs 3,886.46 crore in 2021-22. This is 37.18 per cent higher than Rs 2,832.96 crore in the year-ago period.

The board of directors of PIL at its meeting held on Thursday declared a fourth interim dividend of Rs 70 per equity share for FY 2021-22.

Page Industries is the exclusive licensee of JOCKEY International Inc (USA) for manufacture, distribution, and marketing in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and UAE. It is also the exclusive licensee of Speedo International for the Indian market.

Page Industries shares on Thursday closed at Rs 42,456.80 in the afternoon on BSE, up 2.59 per cent from its previous close. 

Colgate-Palmolive India Q4 results 2022: March quarter profit rises to Rs 324 crore

FMCG major Colgate-Palmolive India Ltd on Thursday reported a nearly 3 per cent rise in net profit at Rs 323.57 crore for the fourth quarter ended March 2022.

It had a posted a net profit of Rs 314.66 crore in the January-March quarter a year ago, Colgate-Palmolive India Ltd (CPIL) said in a BSE filing.

The company's revenue from operations rose 1.43 per cent to Rs 1,293.35 crore during the quarter under review. In the year-ago period, the same stood at Rs 1,275.01 crore.

In the last financial year, CPIL became a Rs 5,000 crore-turnover company.

CPIL's total expenses were marginally up at Rs 917.01 crore in the latest March quarter as against Rs 908.45 crore in the same period a year ago.

For the fiscal ended March 2022, CPIL's net profit was up 4.14 per cent at Rs 1,078.32 crore. It had reported a net profit of Rs 1,035.39 crore in the previous financial year.

Its revenue from operations was at Rs 5,066.46 crore in 2021-22. This is 5.32 per cent higher than Rs 4,810.48 crore in the year-ago period.

CPIL Chairman Mukul Deoras said in an environment of macro challenges and softening consumption, the company was able to deliver balanced growth in the toothpaste category while the toothbrush category witnessed a softening in demand. Calibrated pricing and focus on cost optimisation initiatives and efficiencies helped deliver consistent gross margins and EBITDA, he added.

"While the company crossed the Rs 5,000 crore mark, we continue to remain focused on our core brands and strengthen our innovation initiatives for the future," he said.

The company's board declared a second interim dividend for the FY 2021-22 of Rs 21 per share aggregating on April 28, 2022. On October 25, 2021, the board announced the first interim dividend of Rs 19 per share for FY 2021-22.

CPIL shares ended over 2 per cent higher at Rs 1610.40 on the BSE. 

With Inputs from India