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ICICI Direct Report
The Anup Engineering Ltd. reported decent Q4 FY22 results. Revenue for the quarter came in at Rs 100 crore, down 24,7% YoY and up 111.8% QoQ due to decent performance in all segments on back of securing in tune of Rs 210 crore.
Anup Engineering registered an Ebitda margin of 23.8% versus 22.9% QoQ and 26.7% YoY. Absolute Ebitda came in at Rs 23.8 crore versus Rs 10.8 crore in the last quarter and Rs 35.5 crore in the same quarter last year.
Reducing Ebitda margins YoY are due to expensive raw material prices. Tracking its operating performance, Anup Engineering ended the quarter with a profit after tax of Rs 32.4 crore versus Rs 27.6 crore in Q4 FY21.
Increased profit after tax is due to reversal of provisional taxes related to earlier year.
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