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Steel Exchange India profit increases 421.40% in (Q3) FY 2020-21

By Priyanka Chakraborty, 10 February, 2021

Steel Exchange India Limited NSE Symbol:STEELXIND, BSE Security Code:534748 has declared its 3rd(third) quarter unaudited standalone financial report from the month of October, 2020 to the month of December, 2020; for the fiscal year 2020-21.

Revenue Reported by Steel Exchange India 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)
270.32 212.59 201.76 582.00 600.44
Calculated Revenue of Steel Exchange India 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 %
57.73 27.16%(Revenue Increase) 68.56 33.98%(Revenue Increase) 18.44 3.07%(Revenue Decrease)

Revenue: Steel Exchange India Limited's financial report shows that the company's revenue increased by 27.16% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for revenue increase of Rs.57.73 crores, as the company posted revenue of Rs.270.32 crores; in compare to previous quarter(July, 2020 - September, 2020) when the company reported revenue of Rs.212.59 crores.
The result also shows that the company's revenue increased by 33.98% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for revenue increase of Rs.68.56 crores; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted revenue of Rs.201.76 crores.
The company also reported that its revenue decreased by 3.07% in 9 months end(April, 2020 - December, 2020) for revenue decrease of Rs.18.44 crores, since the company reported revenue of Rs.582.00 crores; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company posted revenue of Rs.600.44 crores.

Gross Margin(%) Reported by Steel Exchange India 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)
18.33 25.10 24.06 21.98 27.48
Calculated Gross Margin(%) of Steel Exchange India 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 %
6.78 26.99%(GM Decrease) 5.73 23.82%(GM Decrease) 5.49 20.00%(GM Decrease)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 26.99% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for 6.78% GM decrease, as the company reported 18.33% GM; in compare to previous quarter(July, 2020 - September, 2020) when the company reported 25.10% GM.
The result also indicates, the company's GM decreased by 23.82% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for 5.73% GM decrease; in compare to corresponding quarter(October, 2019 - December, 2019) when the company reported 24.06% GM.
The company also reported that its GM decreased by 20.00% in 9 months end(April, 2020 - December, 2020) for 5.49% GM decrease, since the company reported 21.98% GM; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company reported 27.48% GM.

EBITDA Reported by Steel Exchange India 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)
105.32 24.29 21.04 136.69 67.57
Calculated EBITDA of Steel Exchange India 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 %
81.03 333.59%(EBITDA Increase) 84.28 400.57%(EBITDA Increase) 69.12 102.29%(EBITDA Increase)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 333.59% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for EBITDA increase of Rs.81.03 crores, as the company posted EBITDA of Rs.105.32 crores; in compare to previous quarter(July, 2020 - September, 2020) when the company reported EBITDA of Rs.24.29 crores.
The result also shows that the company's EBITDA increased by 400.57% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for EBITDA increase of Rs.84.28 crores; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted EBITDA of Rs.21.04 crores.
The company also reported that its EBITDA increased by 102.29% in 9 months end(April, 2020 - December, 2020) for EBITDA increase of Rs.69.12 crores, since the company reported EBITDA of Rs.136.69 crores; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company posted EBITDA of Rs.67.57 crores.

Profit and Loss Reported by Steel Exchange India 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)
92.34(Profit ) 17.71(Profit ) 13.06(Profit ) 110.86(Profit ) 45.56(Profit )
Calculated Profit and Loss of Steel Exchange India 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 %
74.63 421.40%(Profit Increase) 79.28 607.04%(Profit Increase) 65.30 143.33%(Profit Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 421.40% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for profit increase of Rs.74.63 crores, as the company posted profit of Rs.92.34 crores; in compare to previous quarter(July, 2020 - September, 2020) when the company reported profit of Rs.17.71 crores.
The result also shows that the company's profit increased by 607.04% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for profit increase of Rs.79.28 crores; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted profit of Rs.13.06 crores.
The company also reported that its profit increased by 143.33% in 9 months end(April, 2020 - December, 2020) for profit increase of Rs.65.30 crores, since the company reported profit of Rs.110.86 crores; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company posted profit of Rs.45.56 crores.

EPS Reported by Steel Exchange India 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)
12.15 2.33 1.72 14.59 6.00
Calculated EPS of Steel Exchange India 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 %
9.82 421.46%(EPS Increase) 10.43 606.40%(EPS Increase) 8.59 143.17%(EPS Increase)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 421.46% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for EPS increase of Rs.9.82, as the company posted EPS of Rs.12.15; in compare to previous quarter(July, 2020 - September, 2020) when the company reported EPS of Rs.2.33.
The result also shows that the company's EPS increased by 606.40% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for EPS increase of Rs.10.43; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted EPS of Rs.1.72.
The company also reported that its EPS increased by 143.17% in 9 months end(April, 2020 - December, 2020) for EPS increase of Rs.8.59, since the company reported EPS of Rs.14.59; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company posted EPS of Rs.6.00.

 


***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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Steel Exchange India Limited (Q3) financial report for the fiscal year 2020-21 …
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