Bannari Amman Spinning Mills loss increased by 177.18% in (Q1) FY 2020-21

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Team Infinities:

Bannari Amman Spinning Mills Limited NSE Symbol:BASML, BSE Security Code:532674 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 Bannari Amman Spinning Mills 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)
137.26 282.82 281.58
Calculated Revenue of Bannari Amman Spinning Mills 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 %
145.56 51.47%(Revenue Decrease) 144.32 51.25%(Revenue Decrease)

Revenue: Bannari Amman Spinning Mills Limited's financial report shows that the company's revenue decreased by 51.47% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for revenue decrease of Rs.145.56 crores, as the company posted revenue of Rs.137.26 crores; in compare to previous quarter(January, 2020 - March, 2020) when the company reported revenue of Rs.282.82 crores.
The result also shows that the company's revenue decreased by 51.25% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for revenue decrease of Rs.144.32 crores; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted revenue of Rs.281.58 crores.

Gross Margin(%) Reported by Bannari Amman Spinning Mills 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)
36.88 61.65 4.85
Calculated Gross Margin(%) of Bannari Amman Spinning Mills 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 %
24.77 40.18%(GM Decrease) 32.03 660.49%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 40.18% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for 24.77% GM decrease, as the company reported 36.88% GM; in compare to previous quarter(January, 2020 - March, 2020) when the company reported 61.65% GM.
The result also indicates, the company's GM increased by 660.49% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for 32.03% GM increase; in compare to corresponding quarter(April, 2019 - June, 2019) when the company reported 4.85% GM.

EBITDA Reported by Bannari Amman Spinning Mills 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)
3.99(Negative) 14.39 34.55
Calculated EBITDA of Bannari Amman Spinning Mills 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 %
18.38 127.73%(EBITDA Decrease) 38.54 111.55%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA decreased by 127.73% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for EBITDA decrease of Rs.18.38 crores, as the company posted Negative EBITDA of Rs.3.99 crores; in compare to previous quarter(January, 2020 - March, 2020) when the company reported EBITDA of Rs.14.39 crores.
The result also shows that the company's EBITDA decreased by 111.55% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for EBITDA decrease of Rs.38.54 crores; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted EBITDA of Rs.34.55 crores.

Profit and Loss Reported by Bannari Amman Spinning Mills 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)
23.81(Loss ) 8.59(Loss ) 7.21(Profit )
Calculated Profit and Loss of Bannari Amman Spinning Mills 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 %
15.22 177.18%(Loss Increase) 31.02 430.24%(Loss Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's loss increased by 177.18% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for loss increase of Rs.15.22 crores, as the company posted loss of Rs.23.81 crores; in compare to previous quarter(January, 2020 - March, 2020) when the company reported loss of Rs.8.59 crores.
The result also shows that the company's loss increased by 430.24% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for loss increase of Rs.31.02 crores; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted profit of Rs.7.21 crores.

EPS Reported by Bannari Amman Spinning Mills 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)
15.11(Negative) 5.45(Negative) 4.58
Calculated EPS of Bannari Amman Spinning Mills 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 %
9.66 177.25%(EPS Decrease) 19.69 429.91%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS decreased by 177.25% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for EPS decrease of Rs.9.66, as the company posted Negative EPS of Rs.15.11; in compare to previous quarter(January, 2020 - March, 2020) when the company reported Negative EPS of Rs.5.45.
The result also shows that the company's EPS decreased by 429.91% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for EPS decrease of Rs.19.69; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted EPS of Rs.4.58.

 


***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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