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Yes Securities Report
For our universe, Q4 FY22 results have been a mixed bag, wherein revenue meets our estimates and grew by 18% YoY, while Ebitda contracted by 130 bps YoY, 29 bps higher than our estimates.
Profit after tax growth of 15% YoY (versus estimate 20%) was lower due to margins pressure and incurrence of exceptional losses, the first in last four quarters.
Result overview for NSE 200
Topline growth (excluding finance) for Q4 FY22 was 26.7% YoY, while Ebitda margin contracted by 250 bps amid escalating input costs.
Other income (ex-Fin) jumped 7% Yoy, thanks to the lower base.
Depreciation rose by 7.5% YoY, while finance costs climbed by 7.2% profit before tax (incl fin) rose 19.3% YoY basis.
Net interest income for financials grew by 13.3% YoY. Pre-provision operating profit grew a meagre 6.2%, mainly impacted by lower treasury income. Profit after tax expanded by 50% YoY on the back of lower slippages and higher recoveries.
Interest coverage stood at 6.3 times during the quarter, the best in recent past.
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