Q4 Results 2022: Tyre company MRF Limited today announced its March quarter results aslong with other companies including Cosmo Films Limited and Dalmia Bharat limited. Here are key highlights f the results.

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MRF Q4 Results 2022: profit falls 50.26% to Rs 165.21 crore

Tyre major MRF Ltd reported a 50.26 per cent decline in its consolidated net profit from continuing operations to Rs 165.21 crore for the fourth quarter ended March 2022 on Tuesday. The profits were hit by higher expenses, especially raw materials, a PTI report said.

The company had posted a consolidated profit from continuing operations at Rs 332.15 crore in the same period of the previous fiscal, MRF Ltd said in a regulatory filing.

The consolidated revenue from operations in the fourth quarter was Rs 5,304.82 crore against Rs 4,816.46 crore a year ago, it added.

Total expenses during the period under review were higher at Rs 5,142.79 crore compared to Rs 4,425.21 crore in the year-ago quarter, MRF Ltd said, adding that cost of materials consumed also surged higher to Rs 3,293.14 crore from Rs 2,915.19 crore.

For the fiscal ended March 2022, consolidated profit from continuing operations stood at Rs 669.24 crore compared to Rs 1,277.07 crore in the preceding fiscal, the company said.

Revenue from operations in FY22 was Rs 19,316.72 crore against Rs 16,163.19 crore in FY21, it added.

Expenses during FY22 soared to Rs 18,725.78 crore from Rs 14,636.29 crore in FY21, the filing said.

MRF said its board in its meeting held on Tuesday have recommended a final dividend of Rs 144 per share of Rs 10 each, over and above the two interim dividends already declared -- taking the total dividend for FY22 to Rs 1,501 per share of Rs 10 each.

The board also approved the re-appointments of Samir Thariyan Mappillai and Varun Mammen as whole-time directors of the company for a period of 5 years with effect from August 4, 2022, subject to the approval of the shareholders. 

Shares of MRF ended at 69443.75 on the BSE, up by almost 864 points or 1.3 per cent from the Monday closing price.

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Cosmo Films Q4 Results 2022: profit up 45% to Rs 108 cr

Cosmo Films has reported an increase of 45.30 per cent in consolidated net profit at Rs 108.18 crore for the fourth quarter ended March 2022, helped by higher sales and better operating margins.

The company had posted a consolidated net profit of Rs 74.45 crore for January-March period a year ago, Cosmo Films said in a BSE filing.

Revenue from operations was at Rs 820.88 crore as against Rs 671.80 crore in the year-ago period.

"The Q4FY22 EBITDA has increased by 31 per cent on the back of higher speciality sales, better operating margins and uptick performance by subsidiaries. Enhanced EBITDA together with lower effective tax rate led to increasing in PAT by 45 per cent," said an earning statement from Cosmo Films.

Total expenses were higher 20.77 per cent at Rs 705.46 crore as against Rs 584.13 crore.

For the fiscal year ended March 2022, Cosmo Films' consolidated net profit was up 67.41 per cent at Rs 396.61 crore. It logged a net profit of Rs 236.90 crore in 2020-21.

Revenue from operation was at Rs 3,038.39 crore in 2021-22. This was 32.96 per cent higher than Rs 2,285.18 crore in the previous year.

In a separate filing, Cosmo Films said its board in a meeting held on Monday approved the change in name of the company from ?Cosmo Films Ltd? to ?Cosmo First Ltd? and consequent alteration in the

Memorandum and Articles of Association of the company.

This has been done considering that the company's business activities have expanded beyond films into speciality chemicals (master batches, coatings, textile chemicals and soon-to-launch adhesives), D2C Pet care and soon-to-launch films for consumer applications, it said.

The decision is subject to the approval of shareholders.

The board has also approved issue of bonus equity shares in the proportion of one equity share of Rs 10 each for every two existing shares of Rs 10 each held by the shareholders of the company as on the record date.

"We have made inspired diversifications into Speciality Chemicals, Consumer care and D2C retail, aiming to be a pioneer in previously fragmented industries. In coming years, the company's growth will be driven by Films Division (Specialized Polyester line, largest CPP and BOPP line) as well as growth into consumer care, specialty chemicals & Pet care business,? Cosmo Films Group CEO Pankaj Poddar said.

Shares of Cosmo Films ended at 1830 on the BSE, up by almost 130 points or nearly 7 per cent from the Monday closing price.

Dalmia Bharat Q4 Results 2022: profit down 6% to Rs 600 cr

Cement maker Dalmia Bharat has reported 6.10 per cent decline in consolidated net profit at Rs 600 crore for the fourth quarter ended March 2022.

It had clocked a net profit of Rs 639 crore in the year-ago period, Dalmia Bharat said in a regulatory filing.

However, revenue from operations was up 7.26 per cent to Rs 3,380 crore during the quarter under review as against Rs 3,151 crore in the same period a year ago.

Total expenses were at Rs 3,077 crore as against Rs 2,770 crore.

Sales volume was also up 3.12 per cent in January-March 2021-22 to 6.6 million tonne as against 6.4 million tonne in the year-ago period.

For the fiscal year ended March 2022, the consolidated net profit was marginally down at Rs 1,173 crore from Rs 1,183 crore in 2020-21.

Revenue from operation was at Rs 11,288 crore in 2021-22. This was 11.65 per cent higher than Rs 10,110 crore in the previous year.

In 2021-22, sales volume was 22.2 million tonne, up 7.3 per cent from the previous year's.

Through proactive cost containment measures, our teams have successfully mitigated the adverse inflationary impact and delivered one of the lowest total costs per tonne of cement alongside a volume growth in line with the industry. The recent strong recovery in demand and prices across all our operating regions is highly encouraging.

"While the margins may continue to remain under pressure, we are undertaking proactive measures to retain our cost leadership and deliver sustainable earnings growth. We continue to be on track to reach capacity of 48.5 million tonne by March '24," Dalmia Cement (Bharat) Managing Director and CEO Mahendra Singhi said. 

Shares of Dalmia Bharat ended at 1422 on the BSE, up by almost 33 points or 2.3 per cent from the Monday closing price.

With inputs from PTI