Q4FY22 Quarterly Result Announced for Bodal Chemicals Ltd.
Bodal Chemicals declares Q4FY22 result: The company's total revenue in FY22 was Rs 20,680 mn, a growth of 66% which is the highest-ever annual performance led by higher price realization and a better product mix. Indian manufacturers like us, which are highly integrated and operate on a large scale, have benefited from structural demand shifts as a result of global supply chain disruption. The same trend can be seen in our dyestuff business, where we are not only strengthening our client relationships but also establishing ourselves as a reliable supplier on the global market. The dyestuff business has grown significantly in FY22, with revenue of Rs 6,995 mn compared to Rs 3,989 mn in FY21, an increase of 75% on YoY basis. Average prices for dye intermediates i.e. H Acid and Vinyl Sulphone, were Rs 474 per kg and Rs 288 per kg respectively in Q4FY22. This price have remain volatile during the fourth quarter. This year, Dye intermediate chemicals made a revenue of Rs 7,353 mn, compared to Rs 5,570 mn in FY21, an increase of 33% on YoY basis. Our basic chemical division also reported robust performance as demand for all essential chemicals were high. The Chlor Alkali business reported a robust performance in FY22, with revenue of Rs 2,540 mn driven by a healthy volume uptick and higher realization from caustic soda. We are confident that demand from FMCG, textile, and paper industries will be sustainable, and we will be their reliable & preferred partner in the long term. Post upgradation of the Rajpura unit, our Chlor Alkali will be a significant pie of total revenue. 32% of our total business came from exports. Hence, the increase in freight and transportation cost has increased our other expenses considerably. The Turkish Lira has been volatile throughout the year and has affected the annual performance. The impact on full-year basis has been incorporated into the consolidated financials. However, we have taken appropriate steps to address the foreign exchange fluctuation and same is reflected in the Q4FY22 performance. Acquired remaining 20% equity Stake of SENER BOYA to make 100% Subsidiary. There has been significant growth across all our major subsidiaries, and we intend to penetrating this trend in penetrating new region and expanding our business. Result PDF27-05-2022