Westlife

Fourth Quarter 2022 Results: JK Lakshmi Cement, Aditya Birla Fashion, Westlife Development and Arvind Report March Quarter Results – Highlights

Fourth Quarter 2022 Results: Listed companies such as JK Lakshmi Cement, Aditya Birla Fashion and Retail, Westlife Development and Arvind Limited have released their March quarter results. Here are the main 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 announced an 18.36% increase in its consolidated net profit to Rs 188.36 crore for the fourth quarter ended March 2022, helped by improved operational efficiency 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 operating revenue increased by 12.32% to Rs 1,599.83 crore in the quarter under review from Rs 1,424.32 crore a year ago.

“Despite the uninterrupted rise in petcoke and diesel prices hovering at an all-time high, JKLC could achieve healthy profitability through continued improvement in operational efficiency, energy cost, better range of products and higher volume,” the company said in a statement.

JK Lakshmi Cement’s total expenditure amounted to Rs 1,367.69 crore, up 13.31% in Q4/FY 2021-22, from Rs 1,207.01 crore.

For the financial year ended March 2022, JK Lakshmi Cement recorded a 13.40% increase in its consolidated net profit of Rs 477.58 crore. It had reported a net profit of Rs 421.12 crore the previous year.

Its operating revenue was Rs 5,419.89 crore in 2021-22. This is 14.64% 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 of directors at a meeting held on Wednesday had recommended a 100% dividend of Rs 5/- per share of capital of Rs 5 each for the fiscal year ended March 21, 2022.

JK Lakshmi Cement Ltd’s share price stood at Rs 393.80 on BSE on Wednesday, down 0.29% from the previous close.

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

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

The company had recorded a net loss of Rs 195.86 crore in the January to March quarter of the previous financial year, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing.

Its operating income increased by 25.32% to Rs 2,282.83 crore in the quarter under review from Rs 1,821.58 crore in the corresponding period last year.

“A rapid recovery in demand across all categories led to robust quarterly performance despite the impact of the third wave of the pandemic. Investments in e-commerce and omnichannel expansion have delivered results with growing affinity for consumers for our brands,” a statement said. of the ABFRL.

ABFRL’s total expenditure amounted to Rs 2,266.06 crore, up 15.58% in Q4/FY 2021-22, from Rs 1,960.47 crore.

Its Madura Fashion & Lifestyle segment revenue increased by 32.28% to Rs 1,660.11 crore from Rs 1,254.99 crore in the corresponding quarter of last year thanks to the resumption of wholesale trade and strong retail sales.

“Product innovations and expansion into new categories have driven the growth of our brand franchise. The business has also continued to expand into small town markets, building on successful pilots conducted earlier this year,” he said.

While Pantaloons revenue rose 13.12% to Rs 674.86 crore from Rs 596.54 crore in the corresponding quarter last year, despite disruptions at large format stores due to the third wave of COVID.

“The e-commerce channel grew 81% year-over-year, with Pantaloons.Com growing 63% year-over-year. Pantaloons doubled down on its aggressive network expansion program by opening 18 stores during the this quarter,” he said.

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

Its operating revenue was Rs 8,136.22 crore in 2021-22. This is 55% more than Rs 5,248.92 crore last year. The ABFRL said the onset of the third wave of the pandemic had an effect early in the fourth quarter. However, business has seen a strong rebound, with March 2022 sales up 50% from last year.

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

Meanwhile, in a separate filing, the ABFRL said its board, at a meeting on Wednesday, reappointed Ashish Dikshit as the company’s chief executive for the next five years from 1 February 2023.

He also reappointed Vikram Rao as independent director for a period of five years from May 18, 2022.

ABFRL, part of the Aditya Birla Group, has a stylish bouquet of top fashion brands and retail formats.

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

Its portfolio of international brands includes – The Collective, the largest multi-brand retailer of international brands in India 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 settled at Rs 280.60 on BSE on Wednesday, up 0.21% from the previous close.

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

Westlife Development Ltd, which owns Hardcastle Restaurants, the main franchisee of McDonald’s restaurants for western and southern India, announced on Wednesday a consolidated net profit of Rs 15.06 crore for the fourth quarter ended March 2022.

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

Its sales increased by 26.50% to Rs 443.90 crore during the reporting period from Rs 350.89 crore in the corresponding quarter of the prior fiscal year.

“Resisting the challenges of inflationary pressures and the Omicron wave, the company’s operating EBIDTA increased 46% year-on-year to 16%. Its comparable store sales growth (SSSG) for the quarter s is at 23% year-on-year,” he said.

Westlife Development’s total operating costs and expenses were Rs 353.48 crore, up 25.53% in the fourth quarter of FY 2021-22 from Rs 281.59 crore a year ago. a year.

In the fourth quarter of FY22, the Company opened 12 new McDonald’s restaurants. With that, Westlife now has a total of 326 restaurants and 262 McCafes in 47 cities.

Westlife Development Vice President Amit Jatia said: “Our strong performance was underpinned by our omnichannel strategy, menu innovations and cost optimization practices, and is a testament to our scale and agility. playbook we have put in place over the past two years has made our business resilient and we aim to continue to deliver seamless customer experiences while leveraging our momentum to drive long-term sustainable growth for all of our stakeholders . »

For the 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 previous financial year.

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

Westlife Development Ltd shares settled at Rs 464 on BSE on Wednesday, down 3.17%.

Arvind Ltd Q4 profit up 64% to Rs 88 cr

Leading textile maker Arvind Ltd on Wednesday reported a 64.22% rise in its consolidated net profit to Rs 87.60 crore for the fourth quarter ended March 2022, helped by strong volume and price increases during the period.

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

Operating revenue stood at Rs 2,203.50 crore against Rs 1,654.87 crore in the corresponding period of the previous fiscal year.

Its fabric and apparel volumes remained strong in domestic and export markets, Arvind said in a statement.

Apparel volumes in the quarter were at an all-time high and fabric volumes remained healthy, he said.

“Margins continued to be under pressure as cotton prices continued to soar and other input costs also remained high. Although price increases helped to offset cost increases, margins looked lower compared to prior periods,” he said.

Total expenditure for the quarter was higher at Rs 2,081.22 crore compared to Rs 1,566.36 crore a year ago.

Textiles revenue increased to Rs 1,824.11 crore from Rs 1,331.16 crore a year ago.

Advanced materials revenue was Rs 267.08 crore compared to Rs 198.65 crore in the March quarter 2020-21.

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

The previous year’s operating income was Rs 8,033.73 crore compared to Rs 5,072.98 crore in the previous year.

“Arvind Limited ended the financial year with net debt of Rs 1,682 crore, which is Rs 268 crore lower than March 2021 levels. Long-term debt was reduced by Rs 415 crore during this year. period,” he said.

Shares of Arvind Ltd closed down 1.01% at Rs 107.90 each on BSE.