Vishal Fabrics Limited (BSE: 538598) (NSE: VISHAL) announced its audited standalone financials for the fourth quarter ended 31st March 2022.
Commenting on the performance, Brijmohan Chiripal, Managing Director, said, “I am happy to announce that we have achieved highest ever Revenue, EBITDA & PAT in financial year 2021-22, despite challenging environment. Our remarkable performance in FY22 was fueled by our team’s extraordinary efforts to set new records.”
Commenting on the performance, Vinay Thadani, Chief Executive Officer, said, “We believe that we have built a strong foundation for the future with sustainable and profitable growth for the long term. At Vishal Fabrics, we believe in stable and supreme performance with our focus will be on maximizing the revenue growth going ahead. Large interest is to build the profitability by maintaining cost control measures and focus on improving return ratios and maintaining healthy balance sheet position by following our asset-light model.”
Revenue: The Company recorded Revenue of Rs.426 cr during Q4 FY22, as against Rs.388 cr in Q4 FY21, a growth of 10 percent. Revenue for the FY22 stands at Rs.1, 547cr, as against Rs. 968cr in FY21, a growth of 60 percent.
EBITDA: EBIDTA for Q4FY22 stood at Rs.44 cr as compared to Rs.41crs for Q4FY21, a growth of 8 percent. EBIDTA margins for Q4FY22 stood at 10.4 percent as compared to10.6 percent in Q4FY21, a de-growth of 13bps.
EBIDTA for FY22 stood at Rs.161 cr as compared to Rs.88 cr for FY21, a growth of 83 percent. EBIDTA margins for FY22 stood at 10.4 percent as compared to 9.1 percent in FY21; a growth of 131 bps. Various cost measures taken during the year helped to achieve EBITDA margins
PAT: Net profit after tax for Q4FY22 stood at Rs.20 cr as compared to Rs.14 cr for Q4FY21, a growth of 41 percent. Net profit after tax for FY22 stood at Rs.69 cr as compared to Rs.18 cr for FY21, a growth of 281percent.
EPS for Q4FY22 stood at Rs. 0.99: EPS for FY22 stood at Rs. 3.49
Debt Reduction: Vishal target to reduce debt by Rs. 35-40 cr in FY23 out of which Rs.9 cr as already been paid in April 2022.
