Q4 Results 2022: SAIL's net falls 28%, NIIT PAT up 45%; Rupa & Co, Data Patterns also declare March quarter results - key highlights

Q4 Results 2022: State run Steel Authority of India Limited (SAIL) reported a consolidated net profit of Rs 2479 cr, witnessing a 28 per cent fall. Other listed companies including NIIT, Rupa & Company and Data Patterns (India) Ltd also annnounced the March quarter results. Here are key highlights of the Q4 2022 earnings of these companies  

SAIL Q4 results 2022: net profit falls 28% to Rs 2,479 crore

Steel giant SAIL has reported a 28 per cent fall in its consolidated net profit to Rs 2,478.82 crore for the fourth quarter ended March 2022, mainly on account of higher expenses.

The company had clocked Rs 3,469.88 crore net profit during the January-March quarter of 2020-21, Steel Authority of India Ltd (SAIL) said in a regulatory filing on Monday.

During the quarter under review, the company's total income rose to Rs 31,175.25 crore from Rs 23,533.19 crore in the year-ago period.

Total expenses were at Rs 28,005.28 crore against Rs 18,829.26 crore a year ago.

The company's board has also recommended a final dividend of Rs 2.25 per share for FY22.

In a separate statement, SAIL said its "borrowings stood below Rs 13,400 crore as on March 31, 2022".

In January-March 2022, the company produced 4.60 million tonnes (MT) steel compared to 4.56 MT in the year-ago quarter.

Its sales in the March 2022 quarter rose to 4.71 MT from 4.34 MT a year ago.

"The fourth quarter could not be fully insulated from the unprecedented rise in input costs, especially the price rise of imported coking coal on account of various reasons," SAIL said.

Notwithstanding the challenges, the company has taken several proactive steps to contain costs.

Going forward, the company has plans to meet the twin challenges of higher input costs and market price volatility by undertaking various measures for continual improvement in its processes and products basket. 

SAIL shares today ended at Rs 74.30 on the NSE, down by 0.5 per cent from the Monday closing price.

See Zee Business Live TV Streaming Below:

NIIT Q4 results 2022: net profit rises 45% to Rs 67.4 crore

Skills and talent development company NIIT on Tuesday reported a 45 per cent jump in its consolidated profit after tax to Rs 67.4 crore for the last quarter ended March 2022.

The company had posted a profit after tax of Rs 46.5 crore in the same period a year ago.

The consolidated net revenue of NIIT increased by 35 per cent to Rs 375 crore during the reported quarter from Rs 278.8 crore in the corresponding quarter of 2020-21.

For the year ended March 2022, NIIT posted a 58 per cent rise in its consolidated PAT to Rs 226.2 crore from Rs 143 crore in 2020-21.

The annual net revenue of the company increased by 44 per cent to Rs 1,377.5 crore in 2021-22 from Rs 959.7 crore a year ago.

"FY22 has been a milestone year for NIIT, as we completed 40 years. Both the CLG and SNC business grew exceptionally well and are poised for their next phase of growth," NIIT vice-chairman and managing director Vijay K Thadani said in a statement.

During the quarter and full fiscal ending March 31, 2022, NIIT's corporate learning group (CLG) recorded revenue growth of 24 per cent and 35 per cent on a year-on-year (YoY) basis.

The Skills and Careers (SNC) Business grew 97 per cent during the reported quarter and 99 per cent on a YoY basis.

During the quarter, the company's board approved reorganising CLG and SNC as separate publicly listed companies. 

NIIT shares today ended at Rs 452.40 on the NSE, down by 4 per cent from the Monday closing price.

Rupa & Co Q4 Results 2022: net profit declines for knitwear maker in March quarter of FY22

Net profit of knitwear manufacturer Rupa & Co declined 25.2 per cent at Rs 49.3 crore in the last quarter of 2021-22 as compared to Rs 65.9 crore in the previous similar period, a company statement said.

Revenues of the company during the fourth quarter of last fiscal increased marginally to Rs 455.5 crore as against Rs 454 crore in the similar previous corresponding period.

Earnings before interest, taxes, and amortization (EBITA) margins during the last quarter of FY22 also declined to 16.3 per cent as compared to 20 per cent in the previous similar period.

Dinesh Lodha, CEO of the company, was quoted as saying that the fourth quarter of last fiscal was challenging as the industry faced headwinds due to the pandemic coupled with rise in raw material prices.

These factors led to pressure on the margins and steps are being taken to calibrate pricing of products.

Rupa & Co shares today ended at Rs on the NSE, down by per cent from the Monday closing price.

Data Patterns Q4 results 2022: Q4 PAT net at Rs 61.62 cr

Defence and aerospace electronics solutions provider Data Patterns (India) Ltd has clocked profit after tax for the quarter ending March 31, 2022 at Rs 61.62 crore, the company said on Tuesday.

The city-based company had registered profit after tax at Rs 65.96 crore during corresponding quarter previous year.

For the year ending March 31, 2022 PAT grew to Rs 93.97 crore, from Rs 55.56 crore registered year ago.

Total income during the quarter under review went up to Rs 173.07 crore, from Rs 157.59 crore registered same quarter last fiscal.

For the year ending March 31, 2022 total income surged to Rs 314.81 crore, from Rs 226.55 crore registered year ago.

Commenting on the financial performance, company Chairman and Managing Director, Srinivasagopalan Rangarajan said, "our results are in line with our expectations. Our primary focus now is to create a strong order book and increase operational efficiency".

"We continue to invest heavily in next-gen technology to keep increasing our product portfolio and sustain growth. We have large project orders in the pipeline which allows us to scale up rapidly", he said.

"A large international market exists for design services in electronics and embedded software. Based on our existing competencies, we would like to address these export opportunities for design services and prototype manufacturing in the coming years", he said. 

Data Patterns shares today ended at Rs 714.35 on the NSE, down by 5.5 per cent from the Monday closing price.

Input from PTI