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Hi-Tech Winding Systems profit decreases 48.59% in (Q3) FY 2020-21

By Priyanka Chakraborty, 16 February, 2021

Hi-Tech Winding Systems Limited BSE Security Code:541627 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 Hi-Tech Winding Systems 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)
72.50 69.78 188.58 212.53 531.58
Calculated Revenue of Hi-Tech Winding Systems 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 %
2.72 3.90%(Revenue Increase) 116.08 61.55%(Revenue Decrease) 319.05 60.02%(Revenue Decrease)

Revenue: Hi-Tech Winding Systems Limited's financial report shows that the company's revenue increased by 3.90% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for revenue increase of Rs.2.72 lacs, as the company posted revenue of Rs.72.50 lacs; in compare to previous quarter(July, 2020 - September, 2020) when the company reported revenue of Rs.69.78 lacs.
The result also shows that the company's revenue decreased by 61.55% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for revenue decrease of Rs.116.08 lacs; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted revenue of Rs.188.58 lacs.
The company also reported that its revenue decreased by 60.02% in 9 months end(April, 2020 - December, 2020) for revenue decrease of Rs.319.05 lacs, since the company reported revenue of Rs.212.53 lacs; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company posted revenue of Rs.531.58 lacs.

EBITDA Reported by Hi-Tech Winding Systems 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)
1.64 3.19 23.45 7.89 59.57
Calculated EBITDA of Hi-Tech Winding Systems 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 %
1.55 48.59%(EBITDA Decrease) 21.81 93.01%(EBITDA Decrease) 51.68 86.76%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA decreased by 48.59% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for EBITDA decrease of Rs.1.55 lacs, as the company posted EBITDA of Rs.1.64 lacs; in compare to previous quarter(July, 2020 - September, 2020) when the company reported EBITDA of Rs.3.19 lacs.
The result also shows that the company's EBITDA decreased by 93.01% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for EBITDA decrease of Rs.21.81 lacs; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted EBITDA of Rs.23.45 lacs.
The company also reported that its EBITDA decreased by 86.76% in 9 months end(April, 2020 - December, 2020) for EBITDA decrease of Rs.51.68 lacs, since the company reported EBITDA of Rs.7.89 lacs; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company posted EBITDA of Rs.59.57 lacs.

Profit and Loss Reported by Hi-Tech Winding Systems 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)
1.64(Profit ) 3.19(Profit ) 23.45(Profit ) 7.89(Profit ) 59.57(Profit )
Calculated Profit and Loss of Hi-Tech Winding Systems 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 %
1.55 48.59%(Profit Decrease) 21.81 93.01%(Profit Decrease) 51.68 86.76%(Profit Decrease)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit decreased by 48.59% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for profit decrease of Rs.1.55 lacs, as the company posted profit of Rs.1.64 lacs; in compare to previous quarter(July, 2020 - September, 2020) when the company reported profit of Rs.3.19 lacs.
The result also shows that the company's profit decreased by 93.01% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for profit decrease of Rs.21.81 lacs; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted profit of Rs.23.45 lacs.
The company also reported that its profit decreased by 86.76% in 9 months end(April, 2020 - December, 2020) for profit decrease of Rs.51.68 lacs, since the company reported profit of Rs.7.89 lacs; in compare to corresponding 9 months end(April, 2019 - December. 2019) when the company posted profit of Rs.59.57 lacs.

 


***All amounts are given in Lac Indian Rupees(INR) except EPS (Earnings per share) which are in Indian Rupees(INR) only.***
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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Hi-Tech Winding Systems Limited (Q3) financial report for the fiscal year 2020-…
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