Hot Pursuit     25-Apr-22
BEPL slumps after weak Q4 outcome
Bhansali Engineering Polymers (BEPL) lost 6.88% to Rs 127.20 after the company reported a 52.2% fall in consolidated net profit to Rs 73.27 crore in Q4 FY22 over Q4 FY21.

Consolidated net sales rose by 30.5% quarter on quarter but declined 5.9% on year on year on basis to Rs 445.67 crore in Q4 FY22. Profit before tax rose 1.71% quarter on quarter however, drop 52.9% year on year to Rs 103.16 crore in Q4 FY22.

Total expenses spiked by 35.2% to Rs 347.14 crore in Q4 FY22 over Q4 FY21.

BEPL reported a 4.8% rise in consolidated net profit to Rs 350.04 crore in financial year ended 2022 over financial year ended 2021. Net sales rose 7.9% to Rs 1,393.95 crore in FY22 from Rs 1,291.95 crore in FY21.

Meanwhile, the company announced a final dividend of Re 1 per share for the financial year ended 31 March 2022. The company has fixed on Wednesday, 22 June 2022 as the record date for the payment of dividend.

BEPL is the the lowest cost producer of ABS in India. Its customers include leading companies dealing in automobiles, home appliances, electronics, health care & kitchenware.

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