Published on May 29, 2022
New Delhi : RSWM Ltd., RSWM is one of the largest manufacturers and exporters of value added synthetic, mélange, blended spun yarns and denim fabric from India, today announced its financial results for the quarter and year ended March 31st , 2022.
Fianacial Performance and Business Outlook for Q4 and FY22 (INR in Cr):
Particulars | Q4FY22 | Q4FY21 | Growth | FY22 | FY21 | Growth |
Sales | 1,121 | 836 | 34% | 3,817 | 2,326 | 64% |
EBITDA | 142 | 135 | 5% | 464 | 215 | 116% |
EBITDA margin | 12.7% | 16.1% | (340 bps) | 12.2% | 9.2% | +300 bps |
PAT | 110 | 73 | 51% | 240 | 22 | ~11x |
PAT margin | 9.8% | 8.7% | +110 bps | 6.3% | 0.9% | +540 bps |
Business Update:
Commenting on the results, Mr. Riju Jhunjhunwala, Chairman & Managing Director of RSWM Ltd. said, “In FY22 RSWM has demonstrated solid execution and showcased the inherent strengths of its business model. We have achieved substantial scale-up in revenues, margin expansion and profit growth to deliver value in a tough operating environment marked by continuing impact of the global pandemic, geo-political upheavals, inflationary trends and supply chain bottlenecks We expect the situation to improve in coming quarters and remain focused on execution and agile to the market opportunities. We at RSWM are now ready to take a leap to transform our business to the next level. We remain committed to future growth plans with focus on enhancing our product portfolio, geographical reach and improving efficiencies of higher return on investments. We now look into the future with excitement and purpose, confident in our ability to drive continuing value for stakeholders by delivering on the strategic business plan”