Kotyark Industries Limited reports H2 & FY22 results

Vadodara (Gujarat) [India], May 14: Kotyark Industries Limited, India’s only pure play listed Biodiesel Company, has announced its financial results for the half-year and year ended March 31^st, 2022. The company announced an increase of 727 % in profit and declares dividend of ₹ 2.

Financial Highlights for the half-year ended March 31^st, 2022:

• Revenue from Operations stood at ₹ 8,974.83 Lakhs in H2FY22 compared to ₹ 3,470.91 Lakhs in H2FY21 and ₹ 6,629.76 Lakhs in H1FY22, an increase of 159% YoY and 35% sequentially
• EBITDA (excluding Other Income) stood at ₹04 Lakhs in H2FY22, an increase of 450% YoY and 202% sequentially
• EBITDA margins stood at 7% in H2FY22, an increase of 565 bps YoY and 588 bps sequentially
• PAT stood at ₹65 Lakhs in H2FY22 compared to ₹ 72.82 Lakhs in H2FY21 and ₹ 197.37 Lakhs in H1FY22, an increase of 815% YoY and 238% sequentially

Financial Highlights for the year ended March 31^st, 2022 :

• Revenue from Operations stood at ₹ 15,604.59 Lakhs in FY22 compared to ₹ 6,520.61 Lakhs in FY21, an increase of 139% YoY
• EBITDA (excluding Other Income) stood at ₹ 1,272.32 Lakhs in FY22, an increase of 338% YoY
• EBITDA margins stood at 2% in FY22, an increase of 370 bps YoY
• PAT stood at ₹04 Lakhs in FY22 compared to ₹ 104.44 Lakhs in FY21, an increase of 727% YoY

 Commenting on the H2 & FY22 performance, Gaurang Shah, Chairman and Managing Director, said:
“Your Company has reported robust numbers in its H2 & FY22 results. I am pleased to state that we have set a new benchmark for ourselves in terms of topline, operating profits and bottom line. Our FY22 Revenue from Operations stood at an all-time high of ₹156.05 crores, an increase of 139% on a Y-o-Y basis. This growth has been despite a delayed rise in fuel prices in Q4FY22. The Company has been driving growth primarily on the basis of higher volumes and better utilisation of its manufacturing facility. As a result, Operating Profit margins for the year FY22 stood significantly higher at 8.2% compared to 4.5% in the previous year. An increase in margins coupled with a significant increase in topline led to an exponential 727% increase in net profit for the year under review.