DOMS Industries (DOMS) Q4 21/22 earnings summary

Executive summary

• FY22 consolidated revenue rose 69.71% to INR 68,360.12 lakhs; net profit turned positive at INR 1,713.96 lakhs from a loss of INR 602.57 lakhs in FY21.

• Sales and manufacturing recovered as COVID restrictions eased; operations returned to full capacity and demand improved.

Financial highlights

• Consolidated operating profit increased to INR 7,233.66 lakhs from INR 3,599.61 lakhs; PBT was INR 2,402.35 lakhs versus a loss of INR 757.82 lakhs.

• Standalone revenue grew 70.76% to INR 61,819.52 lakhs; standalone net profit was INR 1,184.87 lakhs versus a loss of INR 1,244.14 lakhs.

• Consolidated EPS was INR 460.10, compared with a loss per share of INR 161.76 in FY21.

• Consolidated operating cash flow reached INR 5,093.79 lakhs; capex-related investing outflow was INR 3,372.45 lakhs and cash fell INR 1,337.17 lakhs to INR 929.89 lakhs.

Outlook and guidance

• Capacity expansion was identified as a priority to capture growth opportunities and enhance shareholder returns; no final dividend was recommended for FY22.

• Significant solar power generation investment is planned from FY25; no specific energy-conservation investment was planned for FY22.