GKN Driveline India Limited has announced its annual report for the financial year ended March 31, 2022.
As per the annual report, the gross revenue of the company increased 25%, to Rs. 860 crore as against Rs. 689 crore in the previous financial year.
The net expenses of the company have also increased to Rs. 771 crore compared to Rs. 618 crore for the financial year FY21. For FY22, the PBT of the company has reported an increase of 20%, to Rs. 89 crore as against Rs. 71 crore in the previous financial year.
The PAT of the company increased 16%, to Rs. 65 crore as against Rs. 56 crore in the previous financial year. The EPS for the financial year F22 stood at Rs. 51.40 per equity shares. The NPM for the financial year F22 was 7.5%.
For FY22, the net cash flow generated from operating activities was Rs. 131 crore, 87% up compared to the previous financial year which was Rs. 70 crore. In F22, Cash and Cash Equivalents increased 50%, to Rs. 151 crore as against Rs. 101 crore.
The Board of Directors of the Company have declared an interim dividend of INR 62 per equity share of face value of INR 10 each for the year 2021-22.
The passenger vehicle sales grew 13.2% to 30,69,499 units in FY21-22 compared to 27,11,457 units in FY 2020-21 sales. Sales of passenger cars stood at 14,67,056 units, utility vehicles at 14,89,178.The UV segment crossed 1.4 million sales for the first time, and it is the only segment registering 40% growth contributed by new launches and strengthening of new players in auto manufacturing. The exports showed an increasing trend mainly due to opening of the international market after covid restrictions.
The Company maintains interaction with GKN Group internationally which ultimately helps the company to grow the business. Under the technical collaboration, the company continuously imports advanced technology from GKN group. To drive functional excellence in marketing, human resource, application engineering, supply management and information technology, among others, the Company is continuously receiving support and guidance from GKN Group.