Vardhman Special Steels Limited NSE Symbol:VSSL, BSE Security Code:534392 has declared its 4th(fourth) quarter audited Standalone financial report from the month of January, 2020 to the month of March, 2020; for the fiscal year 2019-20.
| Revenue Reported by Vardhman Special Steels Limited for Fourth Quarter FY, 2019-20 | ||||
| Current Quarter (January, 2020 - March, 2020) | Previous Quarter (October, 2019 - December, 2019) | Corresponding Quarter (January, 2019 - March, 2019) | 12 Months Ended (April, 2019 - March, 2020) | Corresponding 12 Months Ended (April, 2018 - March, 2019) |
| 2071.24 | 1898.47 | 2437.95 | 8555.99 | 11226.33 |
| Calculated Revenue of Vardhman Special Steels Limited for Fourth Quarter FY, 2019-20 | |||||
| Current(March, 2020) VS Previous(December, 2019) | Current(March, 2020) VS Corresponding(March, 2019) | 12 months Ended(April, 2019 - March, 2020) VS Corresponding 12 months Ended(April, 2018 - March, 2019) | |||
| Change | Change % | Change | Change % | Change | Change % |
| 172.77 | 9.10%(Revenue Increase) | 366.71 | 15.04%(Revenue Decrease) | 2670.34 | 23.79%(Revenue Decrease) |
Revenue: Vardhman Special Steels Limited's financial report shows that the company's revenue increased by 9.10% in QoQ(Quarter on Quarter) / current quarter(January, 2020 - March, 2020) for revenue increase of Rs.172.77 millions, as the company posted revenue of Rs.2071.24 millions; in compare to previous quarter(October, 2019 - December, 2019) when the company reported revenue of Rs.1898.47 millions.
The result also shows that the company's revenue decreased by 15.04% in YoY(Year over Year) / in current quarter(January, 2020 - March, 2020) for revenue decrease of Rs.366.71 millions; in compare to corresponding quarter(January, 2019 - March, 2019) when the company posted revenue of Rs.2437.95 millions.
The company also reported that its revenue decreased by 23.79% in 12 months end(April, 2019 - March, 2020) for revenue decrease of Rs.2670.34 millions, since the company reported revenue of Rs.8555.99 millions; in compare to corresponding 12 months end(April, 2018 - March. 2019) when the company posted revenue of Rs.11226.33 millions.
| Gross Margin(%) Reported by Vardhman Special Steels Limited for Fourth Quarter FY, 2019-20 | ||||
| Current Quarter (January, 2020 - March, 2020) | Previous Quarter (October, 2019 - December, 2019) | Corresponding Quarter (January, 2019 - March, 2019) | 12 Months Ended (April, 2019 - March, 2020) | Corresponding 12 Months Ended (April, 2018 - March, 2019) |
| 53.82 | 50.03 | 17.91(Negative) | 70.55 | 11.08 |
| Calculated Gross Margin(%) of Vardhman Special Steels Limited for Fourth Quarter FY, 2019-20 | |||||
| Current(March, 2020) VS Previous(December, 2019) | Current(March, 2020) VS Corresponding(March, 2019) | 12 months Ended(April, 2019 - March, 2020) VS Corresponding 12 months Ended(April, 2018 - March, 2019) | |||
| Change | Change % | Change | Change % | Change | Change % |
| 3.80 | 7.59%(GM Increase) | 71.74 | 400.45%(GM Increase) | 59.47 | 536.68%(GM Increase) |
Gross Margin(%)/ GM: The company's financial report indicates, the company's GM increased by 7.59% in QoQ(Quarter on Quarter) / current quarter(January, 2020 - March, 2020) for 3.80% GM increase, as the company reported 53.82% GM; in compare to previous quarter(October, 2019 - December, 2019) when the company reported 50.03% GM.
The result also indicates, the company's GM increased by 400.45% in YoY(Year over Year) / in current quarter(January, 2020 - March, 2020) for 71.74% GM increase; in compare to corresponding quarter(January, 2019 - March, 2019) when the company reported 17.91% Negative GM.
The company also reported that its GM increased by 536.68% in 12 months end(April, 2019 - March, 2020) for 59.47% GM increase, since the company reported 70.55% GM; in compare to corresponding 12 months end(April, 2018 - March. 2019) when the company reported 11.08% GM.
| EBITDA Reported by Vardhman Special Steels Limited for Fourth Quarter FY, 2019-20 | ||||
| Current Quarter (January, 2020 - March, 2020) | Previous Quarter (October, 2019 - December, 2019) | Corresponding Quarter (January, 2019 - March, 2019) | 12 Months Ended (April, 2019 - March, 2020) | Corresponding 12 Months Ended (April, 2018 - March, 2019) |
| 172.73 | 78.47 | 111.77 | 491.21 | 697.16 |
| Calculated EBITDA of Vardhman Special Steels Limited for Fourth Quarter FY, 2019-20 | |||||
| Current(March, 2020) VS Previous(December, 2019) | Current(March, 2020) VS Corresponding(March, 2019) | 12 months Ended(April, 2019 - March, 2020) VS Corresponding 12 months Ended(April, 2018 - March, 2019) | |||
| Change | Change % | Change | Change % | Change | Change % |
| 94.26 | 120.12%(EBITDA Increase) | 60.96 | 54.54%(EBITDA Increase) | 205.95 | 29.54%(EBITDA Decrease) |
EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 120.12% in QoQ(Quarter on Quarter) / current quarter(January, 2020 - March, 2020) for EBITDA increase of Rs.94.26 millions, as the company posted EBITDA of Rs.172.73 millions; in compare to previous quarter(October, 2019 - December, 2019) when the company reported EBITDA of Rs.78.47 millions.
The result also shows that the company's EBITDA increased by 54.54% in YoY(Year over Year) / in current quarter(January, 2020 - March, 2020) for EBITDA increase of Rs.60.96 millions; in compare to corresponding quarter(January, 2019 - March, 2019) when the company posted EBITDA of Rs.111.77 millions.
The company also reported that its EBITDA decreased by 29.54% in 12 months end(April, 2019 - March, 2020) for EBITDA decrease of Rs.205.95 millions, since the company reported EBITDA of Rs.491.21 millions; in compare to corresponding 12 months end(April, 2018 - March. 2019) when the company posted EBITDA of Rs.697.16 millions.
| Profit and Loss Reported by Vardhman Special Steels Limited for Fourth Quarter FY, 2019-20 | ||||
| Current Quarter (January, 2020 - March, 2020) | Previous Quarter (October, 2019 - December, 2019) | Corresponding Quarter (January, 2019 - March, 2019) | 12 Months Ended (April, 2019 - March, 2020) | Corresponding 12 Months Ended (April, 2018 - March, 2019) |
| 35.69(Profit ) | 18.10(Profit ) | 1.55(Loss ) | 33.40(Profit ) | 222.06(Profit ) |
| Calculated Profit and Loss of Vardhman Special Steels Limited for Fourth Quarter FY, 2019-20 | |||||
| Current(March, 2020) VS Previous(December, 2019) | Current(March, 2020) VS Corresponding(March, 2019) | 12 months Ended(April, 2019 - March, 2020) VS Corresponding 12 months Ended(April, 2018 - March, 2019) | |||
| Change | Change % | Change | Change % | Change | Change % |
| 17.59 | 97.18%(Profit Increase) | 37.24 | 2402.58%(Profit Increase) | 188.66 | 84.96%(Profit Decrease) |
Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 97.18% in QoQ(Quarter on Quarter) / current quarter(January, 2020 - March, 2020) for profit increase of Rs.17.59 millions, as the company posted profit of Rs.35.69 millions; in compare to previous quarter(October, 2019 - December, 2019) when the company reported profit of Rs.18.10 millions.
The result also shows that the company's profit increased by 2402.58% in YoY(Year over Year) / in current quarter(January, 2020 - March, 2020) for profit increase of Rs.37.24 millions; in compare to corresponding quarter(January, 2019 - March, 2019) when the company posted loss of Rs.1.55 millions.
The company also reported that its profit decreased by 84.96% in 12 months end(April, 2019 - March, 2020) for profit decrease of Rs.188.66 millions, since the company reported profit of Rs.33.40 millions; in compare to corresponding 12 months end(April, 2018 - March. 2019) when the company posted profit of Rs.222.06 millions.
| EPS Reported by Vardhman Special Steels Limited for Fourth Quarter FY, 2019-20 | ||||
| Current Quarter (January, 2020 - March, 2020) | Previous Quarter (October, 2019 - December, 2019) | Corresponding Quarter (January, 2019 - March, 2019) | 12 Months Ended (April, 2019 - March, 2020) | Corresponding 12 Months Ended (April, 2018 - March, 2019) |
| 0.88 | 0.47 | 0.04(Negative) | 0.89 | 6.22 |
| Calculated EPS of Vardhman Special Steels Limited for Fourth Quarter FY, 2019-20 | |||||
| Current(March, 2020) VS Previous(December, 2019) | Current(March, 2020) VS Corresponding(March, 2019) | 12 months Ended(April, 2019 - March, 2020) VS Corresponding 12 months Ended(April, 2018 - March, 2019) | |||
| Change | Change % | Change | Change % | Change | Change % |
| 0.41 | 87.23%(EPS Increase) | 0.92 | 2300.00%(EPS Increase) | 5.33 | 85.69%(EPS Decrease) |
EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 87.23% in QoQ(Quarter on Quarter) / current quarter(January, 2020 - March, 2020) for EPS increase of Rs.0.41, as the company posted EPS of Rs.0.88; in compare to previous quarter(October, 2019 - December, 2019) when the company reported EPS of Rs.0.47.
The result also shows that the company's EPS increased by 2300.00% in YoY(Year over Year) / in current quarter(January, 2020 - March, 2020) for EPS increase of Rs.0.92; in compare to corresponding quarter(January, 2019 - March, 2019) when the company posted Negative EPS of Rs.0.04.
The company also reported that its EPS decreased by 85.69% in 12 months end(April, 2019 - March, 2020) for EPS decrease of Rs.5.33, since the company reported EPS of Rs.0.89; in compare to corresponding 12 months end(April, 2018 - March. 2019) when the company posted EPS of Rs.6.22.
| Assets Reported by Vardhman Special Steels Limited for Fourth Quarter FY, 2019-20 | ||||
| Details | Non-current Assets | Current Assets | ||
| Current Quarter(March, 2020) | Previous Year End(March, 2019) | Current Quarter(March, 2020) | Previous Year End(March, 2019) | |
| Reported | 4093.68 | 3435.07 | 3608.68 | 5458.22 |
| Change | Change % | Change | Change % | |
| Calculated | 658.61 | 19.17%(Assets Increase) | 1849.54 | 33.89%(Assets Decrease) |
Assets:The company reported its non-current assets increased by 19.17% in current year end(March, 2020) for non-current assets increase of Rs.658.61 millions, since the company reported net non-current assets of Rs.4093.68 millions; in compare to previous year end(March, 2019) when the company reported net non-current assets of Rs.3435.07 millions.
The balance sheet of the company also shows that, its current assets decreased by 33.89% in current year end(March, 2020) for current assets decrease of Rs.1849.54 millions, as the company reported net current assets of Rs.3608.68 millions; against previous year end(March, 2019) when the company reported net current assets of Rs.5458.22 millions.
| Liabilities Reported by Vardhman Special Steels Limited for Fourth Quarter FY, 2019-20 | ||||
| Details | Non-current Liabilities | Current Liabilities | ||
| Current Quarter(March, 2020) | Previous Year End(March, 2019) | Current Quarter(March, 2020) | Previous Year End(March, 2019) | |
| Reported | 1109.51 | 1365.31 | 2456.56 | 3908.09 |
| Change | Change % | Change | Change % | |
| Calculated | 255.80 | 18.74%(Liabilities Decrease) | 1451.53 | 37.14%(Liabilities Decrease) |
Liabilities:The company reported its non-current liabilities decreased by 18.74% in current year end(March, 2020) for non-current liabilities decrease of Rs.255.80 millions, since the company reported net non-current liabilities of Rs.1109.51 millions; in compare to previous year end(March, 2019) when the company reported net non-current liabilities of Rs.1365.31 millions.
The balance sheet of the company also shows that, its current liabilities decreased by 37.14% in current year end(March, 2020) for current liabilities decrease of Rs.1451.53 millions, as the company reported net current liabilities of Rs.2456.56 millions; against previous year end(March, 2019) when the company reported net current liabilities of Rs.3908.09 millions.
***All amounts are given in Million 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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