Edible oil maker Ruchi Soya reported strong results for FY22, with the company’s total revenue reaching Rs 242.84 crore in the fiscal year ended March 31, 2022. growth of 48.23% from Rs 163.82 crore in the previous year.
Ruchi Soya’s Board of Directors also announced a first dividend of Rs. resolution plan approved by NCLT, according to the company. deposit.
The company’s EBITDA reached Rs 156.59 crore and PBT stood at Rs 107.43 crore for the year ended 31 March 2022. PAT reached Rs 80,630 crore due to the increase input costs.
However, the company’s net profit fell to Rs 234.43 crore in the March quarter (Q4) from Rs 314.33 crore in the corresponding quarter last year.
Ruchi Soya’s brand business, including brands sold under royalty arrangements, reported sales worth Rs 186.63 crore for the financial year ended March 31, 2022. This involves 78.23% of the total sale of Ruchi Soya products during the period. The company also reported exports worth Rs 304.40 crore during the period.
Its other segments, such as food products, the company saw a 209% increase in sales in the current fiscal year compared to last fiscal year. Segment EBITDA increased by 10.23% in FY22 compared to 7.60% in FY21. This was attributed to increased sales of food and nutraceuticals.
The stock rose more than 4% on BSE despite a drop in net profit in the fourth quarter.