Garden Silk Mills loss increased by 19.09% in (Q1) FY 2020-21

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Team Infinities:

Garden Silk Mills Limited NSE Symbol:GARDENSILK, BSE Security Code:500155 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 Garden Silk 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)
128.59 588.23 811.40
Calculated Revenue of Garden Silk 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 %
459.64 78.14%(Revenue Decrease) 682.81 84.15%(Revenue Decrease)

Revenue: Garden Silk Mills Limited's financial report shows that the company's revenue decreased by 78.14% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for revenue decrease of Rs.459.64 crores, as the company posted revenue of Rs.128.59 crores; in compare to previous quarter(January, 2020 - March, 2020) when the company reported revenue of Rs.588.23 crores.
The result also shows that the company's revenue decreased by 84.15% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for revenue decrease of Rs.682.81 crores; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted revenue of Rs.811.40 crores.

Gross Margin(%) Reported by Garden Silk 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)
76.86 12.01 37.82
Calculated Gross Margin(%) of Garden Silk 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 %
64.85 539.93%(GM Increase) 39.05 103.25%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM increased by 539.93% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for 64.85% GM increase, as the company reported 76.86% GM; in compare to previous quarter(January, 2020 - March, 2020) when the company reported 12.01% GM.
The result also indicates, the company's GM increased by 103.25% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for 39.05% GM increase; in compare to corresponding quarter(April, 2019 - June, 2019) when the company reported 37.82% GM.

EBITDA Reported by Garden Silk 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)
20.56(Negative) 2.37(Negative) 30.81
Calculated EBITDA of Garden Silk 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 %
18.19 767.51%(EBITDA Decrease) 51.37 166.73%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA decreased by 767.51% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for EBITDA decrease of Rs.18.19 crores, as the company posted Negative EBITDA of Rs.20.56 crores; in compare to previous quarter(January, 2020 - March, 2020) when the company reported Negative EBITDA of Rs.2.37 crores.
The result also shows that the company's EBITDA decreased by 166.73% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for EBITDA decrease of Rs.51.37 crores; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted EBITDA of Rs.30.81 crores.

Profit and Loss Reported by Garden Silk 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)
86.76(Loss ) 72.85(Loss ) 35.76(Loss )
Calculated Profit and Loss of Garden Silk 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 %
13.91 19.09%(Loss Increase) 51.00 142.62%(Loss Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's loss increased by 19.09% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for loss increase of Rs.13.91 crores, as the company posted loss of Rs.86.76 crores; in compare to previous quarter(January, 2020 - March, 2020) when the company reported loss of Rs.72.85 crores.
The result also shows that the company's loss increased by 142.62% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for loss increase of Rs.51.00 crores; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted loss of Rs.35.76 crores.

EPS Reported by Garden Silk 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)
20.62(Negative) 17.31(Negative) 8.50(Negative)
Calculated EPS of Garden Silk 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 %
3.31 19.12%(EPS Decrease) 12.12 142.59%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS decreased by 19.12% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for EPS decrease of Rs.3.31, as the company posted Negative EPS of Rs.20.62; in compare to previous quarter(January, 2020 - March, 2020) when the company reported Negative EPS of Rs.17.31.
The result also shows that the company's EPS decreased by 142.59% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for EPS decrease of Rs.12.12; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted Negative EPS of Rs.8.50.

 


***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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