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The year began with a second wave of covid 19 disrupting operations and impacting overall revenue for Q1. The company however stayed connected with its employees, and customers, ensuring their well-being and business continuity and achieved a year-end-revenue of Rs 1746 Cr in FY22. The company's revenue has shown a growth of 38.10% y-o-y. The company took advantage of new products by spending on aggressive marketing efforts and making full use of digital media to connect with the right target audience and boost its social media presence. Due to this, the company has been able to sell more domestic household appliances this year than it did the last year. As a result, this year the company's exports climbed by 142% and its domestic sales by 37%.
The company's net profit has dramatically increased by 83% in FY22 as compared to FY21. The company's increased net profit is primarily on account of increased sales. During FY22, the company's revenue increased by 38%, while expenses rose by 30%. As a result, the company's overall net profit increased.
Since there have been no changes to the number of shares in the last 2 years, the company's EPS has been modified by its net profit
Growth in %
Due to the company's increased retained earnings as a result of the growth in net profits in FY22, its total equity climbed greatly by 114%, which is what caused the company's book value to rise significantly by 213%.
The company's overall expenses went up by 30%, of which the purchase of stock in trade went up by 40% because aluminum prices have been highly volatile in 2022 owing to the conflict between Russia and Ukraine, logistical problems, growing recessionary fears, and the Covid-19 pandemic. The company also spent 16% more on its advertising than last time and the company also saw a 48% increase in its packing, freight and transport Due to higher revenue than the previous year, the company's gross profit increased this time by 36%.and the company's EBITDA significantly increased by 92% in FY22 compared to FY21.
The operating profit of the company has significantly increased by 93%. This has been due to higher EBITDA in FY22, although the company has increased its plant and equipment this year which increased the total assets of the company as well as the depreciation associated with it. The depreciation amount grew by 79% from Rs 9.4 Cr in FY21 to Rs 16.8 Cr in FY22.
Growth in %
The assets of the company have increased by 27%. Among the rest of the assets, the highest growth has been in the total inventory and plant & equipment of the company which grew by 57% and 20% respectively. Other than that capital advances of the company increased by Rs 2.1Cr in FY22.this time, there was no growth in the company's trade receivables because it received payment for all the goods it sold, the company's deferred tax assets fell by -49% this year.
Growth in %
The company's cash flow from operations has shown significant growth of 82% y-o-y. The operating assets of Preet Kitchen and Domestic Appliances were transferred to Philips Domestic Appliances at the time of the formation of this company. Consequently, the company's cash flow from operations increased.
In FY22, the company's revenue increased by 38% year on year and combined expenses increased by 30%, leading to a notable increase in net profit of 84%. The proportion in which the company's revenue increased, the expenses increased slightly less than that, due to which the margins of the company significantly improved.