Visa Steel loss decreased by 20.81% in (Q4) FY 2019-20

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Team Infinities:

Visa Steel Limited NSE Symbol:VISASTEEL, BSE Security Code:532721 has declared its 4th(fourth) quarter audited Consolidated financial report from the month of January, 2020 to the month of March, 2020; for the fiscal year 2019-20.

Revenue Reported by Visa Steel 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)
211.64 140.50 304.63 694.96 1430.24
Calculated Revenue of Visa Steel 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 %
71.14 50.63%(Revenue Increase) 92.99 30.53%(Revenue Decrease) 735.28 51.41%(Revenue Decrease)

Revenue: Visa Steel Limited's financial report shows that the company's revenue increased by 50.63% in QoQ(Quarter on Quarter) / current quarter(January, 2020 - March, 2020) for revenue increase of Rs.71.14 crores, as the company posted revenue of Rs.211.64 crores; in compare to previous quarter(October, 2019 - December, 2019) when the company reported revenue of Rs.140.50 crores.
The result also shows that the company's revenue decreased by 30.53% in YoY(Year over Year) / in current quarter(January, 2020 - March, 2020) for revenue decrease of Rs.92.99 crores; in compare to corresponding quarter(January, 2019 - March, 2019) when the company posted revenue of Rs.304.63 crores.
The company also reported that its revenue decreased by 51.41% in 12 months end(April, 2019 - March, 2020) for revenue decrease of Rs.735.28 crores, since the company reported revenue of Rs.694.96 crores; in compare to corresponding 12 months end(April, 2018 - March. 2019) when the company posted revenue of Rs.1430.24 crores.

Gross Margin(%) Reported by Visa Steel 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)
24.87 23.25 38.43 29.60 28.53
Calculated Gross Margin(%) of Visa Steel 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 %
1.62 6.96%(GM Increase) 13.57 35.30%(GM Decrease) 1.07 3.75%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM increased by 6.96% in QoQ(Quarter on Quarter) / current quarter(January, 2020 - March, 2020) for 1.62% GM increase, as the company reported 24.87% GM; in compare to previous quarter(October, 2019 - December, 2019) when the company reported 23.25% GM.
The result also indicates, the company's GM decreased by 35.30% in YoY(Year over Year) / in current quarter(January, 2020 - March, 2020) for 13.57% GM decrease; in compare to corresponding quarter(January, 2019 - March, 2019) when the company reported 38.43% GM.
The company also reported that its GM increased by 3.75% in 12 months end(April, 2019 - March, 2020) for 1.07% GM increase, since the company reported 29.60% GM; in compare to corresponding 12 months end(April, 2018 - March. 2019) when the company reported 28.53% GM.

EBITDA Reported by Visa Steel 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)
3.45(Negative) 13.14(Negative) 1.96(Negative) 38.30(Negative) 9.55(Negative)
Calculated EBITDA of Visa Steel 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 %
9.69 73.74%(EBITDA Increase) 1.49 76.02%(EBITDA Decrease) 28.75 301.05%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 73.74% in QoQ(Quarter on Quarter) / current quarter(January, 2020 - March, 2020) for EBITDA increase of Rs.9.69 crores, as the company posted Negative EBITDA of Rs.3.45 crores; in compare to previous quarter(October, 2019 - December, 2019) when the company reported Negative EBITDA of Rs.13.14 crores.
The result also shows that the company's EBITDA decreased by 76.02% in YoY(Year over Year) / in current quarter(January, 2020 - March, 2020) for EBITDA decrease of Rs.1.49 crores; in compare to corresponding quarter(January, 2019 - March, 2019) when the company posted Negative EBITDA of Rs.1.96 crores.
The company also reported that its EBITDA decreased by 301.05% in 12 months end(April, 2019 - March, 2020) for EBITDA decrease of Rs.28.75 crores, since the company reported Negative EBITDA of Rs.38.30 crores; in compare to corresponding 12 months end(April, 2018 - March. 2019) when the company posted Negative EBITDA of Rs.9.55 crores.

Profit and Loss Reported by Visa Steel 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)
40.64(Loss ) 51.32(Loss ) 39.62(Loss ) 191.90(Loss ) 161.63(Loss )
Calculated Profit and Loss of Visa Steel 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 %
10.68 20.81%(Loss Decrease) 1.02 2.57%(Loss Increase) 30.27 18.73%(Loss Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's loss decreased by 20.81% in QoQ(Quarter on Quarter) / current quarter(January, 2020 - March, 2020) for loss decrease of Rs.10.68 crores, as the company posted loss of Rs.40.64 crores; in compare to previous quarter(October, 2019 - December, 2019) when the company reported loss of Rs.51.32 crores.
The result also shows that the company's loss increased by 2.57% in YoY(Year over Year) / in current quarter(January, 2020 - March, 2020) for loss increase of Rs.1.02 crores; in compare to corresponding quarter(January, 2019 - March, 2019) when the company posted loss of Rs.39.62 crores.
The company also reported that its loss increased by 18.73% in 12 months end(April, 2019 - March, 2020) for loss increase of Rs.30.27 crores, since the company reported loss of Rs.191.90 crores; in compare to corresponding 12 months end(April, 2018 - March. 2019) when the company posted loss of Rs.161.63 crores.

EPS Reported by Visa Steel 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)
3.51(Negative) 4.43(Negative) 3.42(Negative) 16.57(Negative) 13.96(Negative)
Calculated EPS of Visa Steel 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 %
0.92 20.77%(EPS Increase) 0.09 2.63%(EPS Decrease) 2.61 18.70%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 20.77% in QoQ(Quarter on Quarter) / current quarter(January, 2020 - March, 2020) for EPS increase of Rs.0.92, as the company posted Negative EPS of Rs.3.51; in compare to previous quarter(October, 2019 - December, 2019) when the company reported Negative EPS of Rs.4.43.
The result also shows that the company's EPS decreased by 2.63% in YoY(Year over Year) / in current quarter(January, 2020 - March, 2020) for EPS decrease of Rs.0.09; in compare to corresponding quarter(January, 2019 - March, 2019) when the company posted Negative EPS of Rs.3.42.
The company also reported that its EPS decreased by 18.70% in 12 months end(April, 2019 - March, 2020) for EPS decrease of Rs.2.61, since the company reported Negative EPS of Rs.16.57; in compare to corresponding 12 months end(April, 2018 - March. 2019) when the company posted Negative EPS of Rs.13.96.

Assets Reported by Visa Steel Limited for Fourth Quarter FY, 2019-20
Details Non-current Assets Current Assets
Current Year Ended(March, 2020) Previous Year End(March, 2019) Current Year Ended(March, 2020) Previous Year End(March, 2019)
Reported 2980.09 3113.26 85.39 186.51
  Change Change % Change Change %
Calculated 133.17 4.28%(Assets Decrease) 101.12 54.22%(Assets Decrease)

Assets:The company reported its non-current assets decreased by 4.28% in current year end(March, 2020) for non-current assets decrease of Rs.133.17 crores, since the company reported net non-current assets of Rs.2980.09 crores; in compare to previous year end(March, 2019) when the company reported net non-current assets of Rs.3113.26 crores.
The balance sheet of the company also shows that, its current assets decreased by 54.22% in current year end(March, 2020) for current assets decrease of Rs.101.12 crores, as the company reported net current assets of Rs.85.39 crores; against previous year end(March, 2019) when the company reported net current assets of Rs.186.51 crores.

Liabilities Reported by Visa Steel Limited for Fourth Quarter FY, 2019-20
Details Non-current Liabilities Current Liabilities
Current Year Ended(March, 2020) Previous Year End(March, 2019) Current Year Ended(March, 2020) Previous Year End(March, 2019)
Reported 627.07 1034.32 3586.21 3220.70
  Change Change % Change Change %
Calculated 407.25 39.37%(Liabilities Decrease) 365.51 11.35%(Liabilities Increase)

Liabilities:The company reported its non-current liabilities decreased by 39.37% in current year end(March, 2020) for non-current liabilities decrease of Rs.407.25 crores, since the company reported net non-current liabilities of Rs.627.07 crores; in compare to previous year end(March, 2019) when the company reported net non-current liabilities of Rs.1034.32 crores.
The balance sheet of the company also shows that, its current liabilities increased by 11.35% in current year end(March, 2020) for current liabilities increase of Rs.365.51 crores, as the company reported net current liabilities of Rs.3586.21 crores; against previous year end(March, 2019) when the company reported net current liabilities of Rs.3220.70 crores.

 


***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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