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Q4 Results 2022: JK Lakshmi Cement, Aditya Birla Fashion, Westlife Development, Arvind declare March quarter results - key highlights

Zee Business logo Zee Business 18-05-2022 zeebizindia@gmail.com (Zee Business)
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Q4 Reults 2022: Listed companies including JK Lakshmi Cement, Aditya Birla Fashion and Retail, Westlife Development and Arvind Limited reported their March quarter results. Here are key highlights of the results of these companies. 

JK Lakshmi Cement Q4 profit rises 18.3% to Rs 188.36 cr, revenue up 12.3%

JK Lakshmi Cement on Wednesday reported an 18.36 per cent increase in its consolidated net profit to Rs 188.36 crore for the fourth quarter ended in March 2022, helped by improvement in operational efficiencies and higher volume.

The company had posted a profit of Rs 159.13 crore in the January-March period a year ago, JK Lakshmi Cement said in a regulatory filing.

Its revenue from operations was up 12.32 per cent at Rs 1,599.83 crore during the quarter under review as against Rs 1,424.32 crore in the year-ago period.

"Despite unabated increase in Petcoke and diesel prices which are hovering at all-time high, JKLC could achieve healthy profitability by continuous improvement in operational efficiencies, energy cost, better product mix and higher volume," the company said in an earning statement.

JK Lakshmi Cement total expenses were at Rs 1,367.69 crore, up 13.31 per cent in Q4/FY 2021-22, as against Rs 1,207.01 crore.

For the fiscal year ended March 2022, JK Lakshmi Cement has reported an increase of 13.40 per cent in its consolidated net profit of Rs 477.58 crore. It had reported a net profit of Rs 421.12 crore in the previous year.

Its revenue from operations was Rs 5,419.89 crore in 2021-22. This is 14.64 per cent higher than Rs 4,727.44 crore in the same period a year ago.

Meanwhile, in a separate filing JK Lakshmi Cement said its board in a meeting held on Wednesday recommended a 100 per cent dividend of Rs 5/- per Equity Share of Rs 5 each for the Financial Year ended on March March 21, 2022.

Share of JK Lakshmi Cement Ltd on Wednesday settled at Rs 393.80 on BSE, down 0.29 per cent from the previous close. 

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ABFRL posts Rs 31.90 cr profit for January-March, sales up 25.3%

Aditya Birla Fashion and Retail Ltd on Wednesday reported a consolidated net profit of Rs 31.90 crore for the fourth quarter ended in March 2022, led by a revival in demand across categories.

The company had posted a net loss of Rs 195.86 crore during the January-March quarter of the previous fiscal, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing.

Its revenue from operations was up 25.32 per cent to Rs 2,282.83 crore during the quarter under review as against Rs 1,821.58 crore in the corresponding period of the previous fiscal.

"A rapid revival in demand across categories led to a robust quarterly performance despite the impact of the third wave of the pandemic. The investments in e-commerce and omnichannel expansion have shown results with rising consumer affinity for our brands," said an earning statement from ABFRL.

ABFRL's total expenses were at Rs 2,266.06 crore, up 15.58 per cent in Q4/FY 2021-22, as against Rs 1,960.47 crore.

Its revenue from ?Madura Fashion & Lifestyle' segment was up 32.28 per cent to Rs 1,660.11 crore as against Rs 1,254.99 crore in the corresponding quarter of the last year on the back of the revival of the wholesale business and a strong retail sales.

"Product innovations and expansion into newer categories drove the growth of our brand franchise. The business also continued its expansion into smaller town markets, building upon successful pilots carried out earlier this year," it said.

While Pantaloons' revenue was up 13.12 per cent to Rs 674.86 crore as against Rs 596.54 crore in the corresponding quarter of the last year, despite disruption in large format stores due to the third wave of COVID.

"The e-commerce channel grew by 81% YoY, with Pantaloons.Com growing by 63% over last year. Pantaloons doubled down on its aggressive network expansion agenda by opening 18 stores during this quarter," it said.

For the fiscal year ended in March 2022, ABFRL narrowed down its consolidated net loss to Rs 118.36 crore from Rs 736 crore in the previous year.

Its revenue from operations was Rs 8,136.22 crore in 2021-22. This is 55 per cent higher than Rs 5,248.92 crore in the last year. ABFRL said the onset of the third wave of the pandemic had an effect in the early part of the fourth quarter. However, business witnessed a strong rebound, with March 2022 sales growing by 50 per cent over the last year.

"We expect this momentum to continue in the coming quarters of this year as well," he said.

Meanwhile, in a separate filing, ABFRL said its board in a meeting held on Wednesday had reappointed Ashish Dikshit as Managing Director of the company for the next five years commencing from February 1, 2023.

It has also redesignated Vikram Rao as an independent director for a period of five years commencing from May 18, 2022.

ABFRL, part of the Aditya Birla group, has an elegant bouquet of leading fashion brands and retail formats.

The company, which has a repertoire of leading brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England besides fast fashion store Pantaloons, has a network of 3,468 stores across approximately 28,585 multi-brand outlets as of March 31, 2022.

Its international Brands portfolio includes - The Collective, India''s largest multi-brand retailer of international brands and has long term exclusive partnerships with select brands such as Ralph Lauren, Hackett

London, Ted Baker, Fred Perry, Forever 21, American Eagle and Reebok.

Shares of Aditya Birla Fashion and Retail Ltd on Wednesday settled at Rs 280.60 on BSE, up 0.21 per cent from the previous close.

Westlife Development posts net profit at Rs 15 crore; sales up 26.5% 

Westlife Development Ltd which owns Hardcastle Restaurants, the Master Franchisee of McDonald's restaurants for west and south India, on Wednesday reported a consolidated net profit at Rs 15.06 crore for the fourth quarter ended March 2022.

The company had posted a net loss of Rs 6.03 crore in the January-March quarter a year ago, Westlife Development Ltd said in a BSE filing.

Its sales were up 26.50 per cent to Rs 443.90 crore during the period under review as against Rs 350.89 crore in the corresponding quarter last fiscal.

"Withstanding the challenges of inflationary pressures and the Omicron wave, the company's operating EBIDTA grew by 46 per cent Y-O-Y to 16 per cent. Its Same-Store Sales Growth (SSSG) for the quarter stood at 23 per cent Y-O-Y," it said.

Westlife Development's total operating costs and expenses were at Rs 353.48 crore, up 25.53 per cent in Q4 FY 2021-22, as against Rs 281.59 crore in the year-ago period.

In the fourth quarter of FY22, the company opened 12 new McDonald's restaurants. With this, Westlife now has a total of 326 restaurants and 262 McCafe across 47 cities.

Westlife Development vice chairman Amit Jatia said: "Our strong performance was underpinned by our omni-channel strategy, menu innovations and cost optimisation practices, and was a testament to our scale and agility. The playbook we put together in the last two years has made our business resilient and we aim to continue delivering seamless customer experiences while leveraging our momentum to drive long-term, sustainable growth for all our stakeholders."

For the fiscal year ended March 2022, Westlife Development's consolidated net loss was Rs 3.38 crore. It had reported a net loss of Rs 99.21 crore in the preceding fiscal.

Its sales stood at Rs 1,556.08 crore in 2021-22. This was 59.55 per cent higher than Rs 975.25 crore in the same period a year ago.

Shares of Westlife Development Ltd on Wednesday settled at Rs 464 on BSE, down 3.17 per cent. 

Arvind Ltd Q4 profit up 64% at Rs 88 cr

Leading textile manufacturer Arvind Ltd on Wednesday reported 64.22 per cent rise in consolidated net profit at Rs 87.60 crore for the fourth quarter ended March 2022, helped by strong volume and a price increase during the period.

The company had logged a net profit of Rs 53.34 crore during January-March period a year ago, Arvind said in a regulatory filing.

Revenue from operations was at Rs 2,203.50 crore as against Rs 1,654.87 crore in the corresponding period of previous fiscal year.

Its fabric and garment volumes remained strong across both domestic as well as export markets, said Arvind in an earning statement.

The garment volumes in the quarter were at an all-time high and fabric volumes remained healthy, it said.

"Margins continued to be under pressure as cotton prices continued to soar, and other input costs also remained high. While price increases helped offset the cost increases, margin numbers looked lower compared to previous periods," it said.

Total expenses in the quarter were higher at Rs 2,081.22 crore as against Rs 1,566.36 crore a year ago.

Revenue from textiles was up at Rs 1,824.11 crore from Rs 1,331.16 crore in the year-ago period.

Revenue from advanced materials was Rs 267.08 crore as against Rs 198.65 crore in March quarter 2020-21.

For the fiscal year ended March 2022, consolidated net profit was at Rs 241.58 crore. It had reported a net loss of Rs 27.39 crore in the previous year.

Revenue from operations last fiscal year was at Rs 8,033.73 crore as against Rs 5,072.98 crore in the preceding year.

"Arvind Limited closed the financial year at a net debt of Rs 1,682 crore which was Rs 268 crore lower than March 2021 levels. Long term debt reduced by Rs 415 crore over this period," it said.

Shares of Arvind Ltd closed 1.01 per cent lower at Rs 107.90 apiece on BSE. 

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