LG Balakrishnan & Bros profit increases 97.79% in (Q3) FY 2020-21

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Team Infinities:

LG Balakrishnan & Bros Limited NSE Symbol:LGBBROSLTD, BSE Security Code:500250 has declared its 3rd(third) quarter unaudited consolidated financial report from the month of October, 2020 to the month of December, 2020; for the fiscal year 2020-21.

Revenue Reported by LG Balakrishnan & Bros Limited for Third Quarter FY, 2020-21
Current Quarter (October, 2020 - December, 2020) Previous Quarter (July, 2020 - September, 2020) Corresponding Quarter (October, 2019 - December, 2019) 9 Months Ended (April, 2020 - December, 2020) Corresponding 9 Months Ended (April, 2019 - December, 2019)
509.16 418.54 407.20 1113.72 1188.27
Calculated Revenue of LG Balakrishnan & Bros Limited for Third Quarter FY, 2020-21
Current(December, 2020) VS Previous(September, 2020) Current(December, 2020) VS Corresponding(December, 2019) 9 months Ended(April, 2020 - December, 2020) VS Corresponding 9 months Ended(April, 2019 - December, 2019)
Change Change % Change Change % Change Change %
90.62 21.65%(Revenue Increase) 101.96 25.04%(Revenue Increase) 74.55 6.27%(Revenue Decrease)

Revenue: LG Balakrishnan & Bros Limited's financial report shows that the company's revenue increased by 21.65% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for revenue increase of Rs.90.62 crores, as the company posted revenue of Rs.509.16 crores; in compare to previous quarter(July, 2020 - September, 2020) when the company reported revenue of Rs.418.54 crores.
The result also shows that the company's revenue increased by 25.04% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for revenue increase of Rs.101.96 crores; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted revenue of Rs.407.20 crores.
The company also reported that its revenue decreased by 6.27% in 9 months end(April, 2020 - December, 2020) for revenue decrease of Rs.74.55 crores, since the company reported revenue of Rs.1113.72 crores; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company posted revenue of Rs.1188.27 crores.

Gross Margin(%) Reported by LG Balakrishnan & Bros Limited for Third Quarter FY, 2020-21
Current Quarter (October, 2020 - December, 2020) Previous Quarter (July, 2020 - September, 2020) Corresponding Quarter (October, 2019 - December, 2019) 9 Months Ended (April, 2020 - December, 2020) Corresponding 9 Months Ended (April, 2019 - December, 2019)
49.22 61.32 51.34 59.72 55.61
Calculated Gross Margin(%) of LG Balakrishnan & Bros Limited for Third Quarter FY, 2020-21
Current(December, 2020) VS Previous(September, 2020) Current(December, 2020) VS Corresponding(December, 2019) 9 months Ended(April, 2020 - December, 2020) VS Corresponding 9 months Ended(April, 2019 - December, 2019)
Change Change % Change Change % Change Change %
12.09 19.73%(GM Decrease) 2.12 4.13%(GM Decrease) 4.12 7.40%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 19.73% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for 12.09% GM decrease, as the company reported 49.22% GM; in compare to previous quarter(July, 2020 - September, 2020) when the company reported 61.32% GM.
The result also indicates, the company's GM decreased by 4.13% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for 2.12% GM decrease; in compare to corresponding quarter(October, 2019 - December, 2019) when the company reported 51.34% GM.
The company also reported that its GM increased by 7.40% in 9 months end(April, 2020 - December, 2020) for 4.12% GM increase, since the company reported 59.72% GM; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company reported 55.61% GM.

EBITDA Reported by LG Balakrishnan & Bros Limited for Third Quarter FY, 2020-21
Current Quarter (October, 2020 - December, 2020) Previous Quarter (July, 2020 - September, 2020) Corresponding Quarter (October, 2019 - December, 2019) 9 Months Ended (April, 2020 - December, 2020) Corresponding 9 Months Ended (April, 2019 - December, 2019)
93.34 64.50 61.13 173.16 167.75
Calculated EBITDA of LG Balakrishnan & Bros Limited for Third Quarter FY, 2020-21
Current(December, 2020) VS Previous(September, 2020) Current(December, 2020) VS Corresponding(December, 2019) 9 months Ended(April, 2020 - December, 2020) VS Corresponding 9 months Ended(April, 2019 - December, 2019)
Change Change % Change Change % Change Change %
28.84 44.71%(EBITDA Increase) 32.21 52.69%(EBITDA Increase) 5.41 3.23%(EBITDA Increase)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 44.71% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for EBITDA increase of Rs.28.84 crores, as the company posted EBITDA of Rs.93.34 crores; in compare to previous quarter(July, 2020 - September, 2020) when the company reported EBITDA of Rs.64.50 crores.
The result also shows that the company's EBITDA increased by 52.69% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for EBITDA increase of Rs.32.21 crores; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted EBITDA of Rs.61.13 crores.
The company also reported that its EBITDA increased by 3.23% in 9 months end(April, 2020 - December, 2020) for EBITDA increase of Rs.5.41 crores, since the company reported EBITDA of Rs.173.16 crores; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company posted EBITDA of Rs.167.75 crores.

Profit and Loss Reported by LG Balakrishnan & Bros Limited for Third Quarter FY, 2020-21
Current Quarter (October, 2020 - December, 2020) Previous Quarter (July, 2020 - September, 2020) Corresponding Quarter (October, 2019 - December, 2019) 9 Months Ended (April, 2020 - December, 2020) Corresponding 9 Months Ended (April, 2019 - December, 2019)
53.74(Profit ) 27.17(Profit ) 27.99(Profit ) 74.82(Profit ) 78.57(Profit )
Calculated Profit and Loss of LG Balakrishnan & Bros Limited for Third Quarter FY, 2020-21
Current(December, 2020) VS Previous(September, 2020) Current(December, 2020) VS Corresponding(December, 2019) 9 months Ended(April, 2020 - December, 2020) VS Corresponding 9 months Ended(April, 2019 - December, 2019)
Change Change % Change Change % Change Change %
26.57 97.79%(Profit Increase) 25.75 92.00%(Profit Increase) 3.75 4.77%(Profit Decrease)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 97.79% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for profit increase of Rs.26.57 crores, as the company posted profit of Rs.53.74 crores; in compare to previous quarter(July, 2020 - September, 2020) when the company reported profit of Rs.27.17 crores.
The result also shows that the company's profit increased by 92.00% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for profit increase of Rs.25.75 crores; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted profit of Rs.27.99 crores.
The company also reported that its profit decreased by 4.77% in 9 months end(April, 2020 - December, 2020) for profit decrease of Rs.3.75 crores, since the company reported profit of Rs.74.82 crores; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company posted profit of Rs.78.57 crores.

EPS Reported by LG Balakrishnan & Bros Limited for Third Quarter FY, 2020-21
Current Quarter (October, 2020 - December, 2020) Previous Quarter (July, 2020 - September, 2020) Corresponding Quarter (October, 2019 - December, 2019) 9 Months Ended (April, 2020 - December, 2020) Corresponding 9 Months Ended (April, 2019 - December, 2019)
17.11 8.86 8.87 24.04 25.05
Calculated EPS of LG Balakrishnan & Bros Limited for Third Quarter FY, 2020-21
Current(December, 2020) VS Previous(September, 2020) Current(December, 2020) VS Corresponding(December, 2019) 9 months Ended(April, 2020 - December, 2020) VS Corresponding 9 months Ended(April, 2019 - December, 2019)
Change Change % Change Change % Change Change %
8.25 93.12%(EPS Increase) 8.24 92.90%(EPS Increase) 1.01 4.03%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 93.12% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for EPS increase of Rs.8.25, as the company posted EPS of Rs.17.11; in compare to previous quarter(July, 2020 - September, 2020) when the company reported EPS of Rs.8.86.
The result also shows that the company's EPS increased by 92.90% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for EPS increase of Rs.8.24; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted EPS of Rs.8.87.
The company also reported that its EPS decreased by 4.03% in 9 months end(April, 2020 - December, 2020) for EPS decrease of Rs.1.01, since the company reported EPS of Rs.24.04; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company posted EPS of Rs.25.05.

 


***All amounts are given in Crore Indian Rupees(INR) except EPS (Earnings per share) which are in Indian Rupees(INR) only.***
Gross Margin=Total Revenue from Operations -(Cost of Materials Consumed + Purchases of stock-in-trade - Changes in inventories of finished goods, work-in-progress and stock-in-trade).
Gross Margin%=(Gross Margin / Total Revenue from Operations)*100.
EBITDA=Commission/Interest + Depreciation and Amortization + Tax + Profit/Loss (PAT).
1 Lac = 100,000.
1 Million = 10 Lacs.
1 Crore = 10 Millions.
1 Crore = 100 Lacs.
1 Billion = 1000 Millions.
1 Billion = 100 Crores.

 

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