Energy Development Company profit increased 115.43% in (Q1) FY 2020-21

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Team Infinities:

Energy Development Company Limited NSE Symbol:ENERGYDEV, BSE Security Code:532219 has declared its 1st(first) quarter un-audited Consolidated financial report from the month of April, 2020 to the month of June, 2020; for the fiscal year 2020-21.

Revenue Reported by Energy Development Company Limited for First Quarter FY, 2020-21
Current Quarter (April, 2020 - June, 2020) Previous Quarter (January, 2020 - March, 2020) Corresponding Quarter (April, 2019 - June, 2019)
5.29 9.51 4.47
Calculated Revenue of Energy Development Company Limited for First Quarter FY, 2020-21
Current(June, 2020) VS Previous(March, 2020) Current(June, 2020) VS Corresponding(June, 2019)
Change Change % Change Change %
4.22 44.37%(Revenue Decrease) 0.82 18.34%(Revenue Increase)

Revenue: Energy Development Company Limited's financial report shows that the company's revenue decreased by 44.37% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for revenue decrease of Rs.4.22 crores, as the company posted revenue of Rs.5.29 crores; in compare to previous quarter(January, 2020 - March, 2020) when the company reported revenue of Rs.9.51 crores.
The result also shows that the company's revenue increased by 18.34% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for revenue increase of Rs.0.82 crore; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted revenue of Rs.4.47 crores.

Gross Margin(%) Reported by Energy Development Company Limited for First Quarter FY, 2020-21
Current Quarter (April, 2020 - June, 2020) Previous Quarter (January, 2020 - March, 2020) Corresponding Quarter (April, 2019 - June, 2019)
84.46 102.90 68.42
Calculated Gross Margin(%) of Energy Development Company Limited for First Quarter FY, 2020-21
Current(June, 2020) VS Previous(March, 2020) Current(June, 2020) VS Corresponding(June, 2019)
Change Change % Change Change %
18.44 17.92%(GM Decrease) 16.04 23.45%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 17.92% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for 18.44% GM decrease, as the company reported 84.46% GM; in compare to previous quarter(January, 2020 - March, 2020) when the company reported 102.90% GM.
The result also indicates, the company's GM increased by 23.45% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for 16.04% GM increase; in compare to corresponding quarter(April, 2019 - June, 2019) when the company reported 68.42% GM.

EBITDA Reported by Energy Development Company Limited for First Quarter FY, 2020-21
Current Quarter (April, 2020 - June, 2020) Previous Quarter (January, 2020 - March, 2020) Corresponding Quarter (April, 2019 - June, 2019)
0.54 8.27 2.67(Negative)
Calculated EBITDA of Energy Development Company Limited for First Quarter FY, 2020-21
Current(June, 2020) VS Previous(March, 2020) Current(June, 2020) VS Corresponding(June, 2019)
Change Change % Change Change %
7.73 93.47%(EBITDA Decrease) 3.21 120.22%(EBITDA Increase)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA decreased by 93.47% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for EBITDA decrease of Rs.7.73 crores, as the company posted EBITDA of Rs.0.54 crore; in compare to previous quarter(January, 2020 - March, 2020) when the company reported EBITDA of Rs.8.27 crores.
The result also shows that the company's EBITDA increased by 120.22% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for EBITDA increase of Rs.3.21 crores; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted Negative EBITDA of Rs.2.67 crores.

Profit and Loss Reported by Energy Development Company Limited for First Quarter FY, 2020-21
Current Quarter (April, 2020 - June, 2020) Previous Quarter (January, 2020 - March, 2020) Corresponding Quarter (April, 2019 - June, 2019)
3.49(Profit ) 1.62(Profit ) 7.62(Loss )
Calculated Profit and Loss of Energy Development Company Limited for First Quarter FY, 2020-21
Current(June, 2020) VS Previous(March, 2020) Current(June, 2020) VS Corresponding(June, 2019)
Change Change % Change Change %
1.87 115.43%(Profit Increase) 11.11 145.80%(Profit Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 115.43% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for profit increase of Rs.1.87 crores, as the company posted profit of Rs.3.49 crores; in compare to previous quarter(January, 2020 - March, 2020) when the company reported profit of Rs.1.62 crores. Please note that the company has received a Tax Credit worth Rs.9.27 crore in the current quarter.
The result also shows that the company's profit increased by 145.80% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for profit increase of Rs.11.11 crores; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted loss of Rs.7.62 crores.

EPS Reported by Energy Development Company Limited for First Quarter FY, 2020-21
Current Quarter (April, 2020 - June, 2020) Previous Quarter (January, 2020 - March, 2020) Corresponding Quarter (April, 2019 - June, 2019)
0.73 0.34 1.60(Negative)
Calculated EPS of Energy Development Company Limited for First Quarter FY, 2020-21
Current(June, 2020) VS Previous(March, 2020) Current(June, 2020) VS Corresponding(June, 2019)
Change Change % Change Change %
0.39 114.71%(EPS Increase) 2.33 145.63%(EPS Increase)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 114.71% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for EPS increase of Rs.0.39, as the company posted EPS of Rs.0.73; in compare to previous quarter(January, 2020 - March, 2020) when the company reported EPS of Rs.0.34.
The result also shows that the company's EPS increased by 145.63% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for EPS increase of Rs.2.33; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted Negative EPS of Rs.1.60.

 


***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.