Icon times
Revenue growth lower than peers and margins impacted by RM cost inflations | MRF Q2 FY22 Result Analysis

Revenue growth lower than peers and margins impacted by RM cost inflations | MRF Q2 FY22 Result Analysis

Published on 15 November 2021 .Views 4 .Comments 0

Consolidated Highlights:

  • Revenue from operations for the company stood at Rs. 4,908 crores, a YoY growth of 15.6% as in Q2FY21 it was Rs. 4244 crores. On a QoQ basis, the revenue has increased by 17.3%.
  • EBITDA for the company stood at Rs. 521 crores, down by (-40%) on a YoY basis as it was Rs. 867 crores on Q2FY21. QoQ growth in EBITDA is 5.17%.
  • Due to a fall in EBITDA, the EBITDA margin has reduced by 10.6%, half of what it was during Q2FY21 which was (20.4%). QoQ the EBITDA margin is down by (-122) bps.
  • Profit After Tax for the company stood at Rs. 189 crores as compared to Rs. 411 crores in Q2FY21. This is directly a decline of (-54%). The PAT is up on QoQ basis by 14.2%.
  • PAT margin stands at 3.9% as compared to 9.7%, down by (-580) bps. QoQ PAT margin remains similar.

Business Highlights:

  • The profitability margins of the company are impacted by RM cost inflation & increase in other costs.
  • The business profitability was also impacted a subdued performance from TBB & Farm segment.
  • Industry players are gradually increasing prices to cope up with the rising input costs. This had led to a stable pricing environment in the industry.

Effect on margins due to RM cost:

No Earnings Call or Investor Presentation was provided by the company.

Dividend

The Board has declared Rs. 3/share as interim dividend.
Attachments:
private article suscription area icon

You like to know more. We like that!

Please subscribe Model Portfolio Plan to get access of all premium model portfolio articles Only at Rs. 11,999.00/Year.

Please login to view this free article.

This blog is available only for logged in users, please register and get access to view this article.

Recently Uploaded


premium Premium
free Free
Chat on WhatsApp
Caret UP Arrow
InvestYadnya Support
Typically replies in minutes
InvestYadnya Support
Hi there
Welcome to InvestYadnya.
We are available to assist you on WhatsApp.
Please click on the button below to chat with us.
(10 AM to 7 PM IST)
16:10
Chat with InvestYadnya