Consolidated revenue from the core operations for Q4FY21 jumped 28% YoY and 3.2% QoQ and stood near Rs.750 crores.
Revenue for the whole year was up by only 1.4% and stood at Rs. 2604 crores.
Abrasives business recorded a rise in sales by almost 40% YoY on account of better product mix.
Ceramics business recorded a jump of 36% YoY in sales on account of good growth in business activities in the Volzhsky Abrasives Works, Russia.
Sales for electro minerals business was up by 15% YoY. However, performance was not up to the mark since revenue for the whole year was marginally up by 3.7%.
Rise in operating profits by 46% YoY and 17.5% QoQ on account of better product mix and cost management strategies.
Operating profit margins improved by 230 bps YoY and 220 bps QoQ and was near 18.4% for the quarter.
Abrasives division recorded a 119% YoY spike in operating profits during the quarter on the back of higher volumes, minimizing operating cost and product mix.
Cost saving strategies and better volumes in the domestic electro minerals market and consistency in performance by Russian subsidiary caused the operating profits to jump from Rs.104 crores in FY20 to Rs.136 crores in FY21.