Kaya Ltd announces Q4FY22 results, approves rights issue

Kaya Limited posted consolidated Revenue from Operations of INR 83.5 crores for the quarter ended 31st March 2022, a decline of 6% over corresponding quarter ended 31st March 2021, largely impacted by COVID in January and February 2022.

India business reported Revenue decline of 6% and international business declined by 7% over corresponding quarter in previous year.

Consolidated Operating EBITDA at INR 3.8 crores for the quarter ended 31st March 2022, as compared to INR 19.1 crores for the corresponding quarter in previous year.

Consolidated Loss after Tax and before exceptional items for the quarter ended 31st March 2022 is INR 42.6 crores, compared to loss of INR 0.5 crs for the corresponding quarter ended 31st March 2021.

The Group has taken a one-time impact in Statement of Profit and Loss account amounting to INR 29.9 crs primarily comprising of Clinic impairment in India & Middle East of INR 15.4 crs and Goodwill impairment in Middle East of INR 8.1 crs.

For the Financial year FY 22, the company reported a Revenue of INR 324.0 crs, which is a growth of 18% over previous year. The Consolidated Operating EBITDA at INR 35.4 crores for the year ended 31st March 2022, as compared to INR 39.1 crores in the previous year.

The Board of Directors has, inter alia, at their meeting held on 30th May 2022, considered and approved, subject to receipt of relevant approvals, if and as may be required, to offer, issue and allot such number of equity shares to the existing shareholders of the Company as on the record date to be specified on a Rights Issue basis for an aggregate amount not exceeding INR 200 crores in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, the Companies Act, 2013 and other applicable laws.

Further, the Board appointed Kotak Mahindra Capital Company Limited as the lead manager to the Issue and constituted a Committee of Directors (Rights Issue) to decide the other terms and conditions of the Issue including the record date.

Shares of Kaya Limited was last trading in BSE at Rs. 321.30 as compared to the previous close of Rs. 315.40. The total number of shares traded during the day was 1289 in over 160 trades.

The stock hit an intraday high of Rs. 333.00 and intraday low of 315.30. The net turnover during the day was Rs. 413418.00.

Source : Equity Bulls

Keywords

Kaya INE587G01015 Q4FY22 FY2022 ResultUpdate