Cords Cable Industries profit decreased 97.39% in (Q1) FY 2020-21

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Team Infinities:

Cords Cable Industries Limited NSE Symbol:CORDSCABLE, BSE Security Code:532941 has declared its 1st(first) quarter un-audited Standalone financial report from the month of April, 2020 to the month of June, 2020; for the fiscal year 2020-21.

Revenue Reported by Cords Cable Industries 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)
494.98 977.89 1105.06
Calculated Revenue of Cords Cable Industries 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 %
482.91 49.38%(Revenue Decrease) 610.08 55.21%(Revenue Decrease)

Revenue: Cords Cable Industries Limited's financial report shows that the company's revenue decreased by 49.38% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for revenue decrease of Rs.482.91 millions, as the company posted revenue of Rs.494.98 millions; in compare to previous quarter(January, 2020 - March, 2020) when the company reported revenue of Rs.977.89 millions.
The result also shows that the company's revenue decreased by 55.21% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for revenue decrease of Rs.610.08 millions; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted revenue of Rs.1105.06 millions.

Gross Margin(%) Reported by Cords Cable Industries 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)
40.56 30.92 24.58
Calculated Gross Margin(%) of Cords Cable Industries 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 %
9.64 31.19%(GM Increase) 15.98 64.99%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM increased by 31.19% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for 9.64% GM increase, as the company reported 40.56% GM; in compare to previous quarter(January, 2020 - March, 2020) when the company reported 30.92% GM.
The result also indicates, the company's GM increased by 64.99% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for 15.98% GM increase; in compare to corresponding quarter(April, 2019 - June, 2019) when the company reported 24.58% GM.

EBITDA Reported by Cords Cable Industries 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)
56.82 92.70 102.98
Calculated EBITDA of Cords Cable Industries 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 %
35.88 38.71%(EBITDA Decrease) 46.16 44.82%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA decreased by 38.71% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for EBITDA decrease of Rs.35.88 millions, as the company posted EBITDA of Rs.56.82 millions; in compare to previous quarter(January, 2020 - March, 2020) when the company reported EBITDA of Rs.92.70 millions.
The result also shows that the company's EBITDA decreased by 44.82% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for EBITDA decrease of Rs.46.16 millions; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted EBITDA of Rs.102.98 millions.

Profit and Loss Reported by Cords Cable Industries 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)
1.24(Profit ) 47.50(Profit ) 15.95(Profit )
Calculated Profit and Loss of Cords Cable Industries 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 %
46.26 97.39%(Profit Decrease) 14.71 92.23%(Profit Decrease)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit decreased by 97.39% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for profit decrease of Rs.46.26 millions, as the company posted profit of Rs.1.24 millions; in compare to previous quarter(January, 2020 - March, 2020) when the company reported profit of Rs.47.50 millions.
The result also shows that the company's profit decreased by 92.23% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for profit decrease of Rs.14.71 millions; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted profit of Rs.15.95 millions.

EPS Reported by Cords Cable Industries 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)
0.07 3.57 1.24
Calculated EPS of Cords Cable Industries 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 %
3.50 98.04%(EPS Decrease) 1.17 94.35%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS decreased by 98.04% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for EPS decrease of Rs.3.50, as the company posted EPS of Rs.0.07; in compare to previous quarter(January, 2020 - March, 2020) when the company reported EPS of Rs.3.57.
The result also shows that the company's EPS decreased by 94.35% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for EPS decrease of Rs.1.17; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted EPS of Rs.1.24.

 


***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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