Signet Industries posted loss of Rs.3.6 millions in (Q1) FY 2020-21

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Team Infinities:

Signet Industries Limited NSE Symbol:SIGIND, BSE Security Code:512131 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 Signet 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)
1347.47 1917.29 2261.66
Calculated Revenue of Signet 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 %
569.82 29.72%(Revenue Decrease) 914.19 40.42%(Revenue Decrease)

Revenue: Signet Industries Limited's financial report shows that the company's revenue decreased by 29.72% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for revenue decrease of Rs.569.82 millions, as the company posted revenue of Rs.1347.47 millions; in compare to previous quarter(January, 2020 - March, 2020) when the company reported revenue of Rs.1917.29 millions.
The result also shows that the company's revenue decreased by 40.42% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for revenue decrease of Rs.914.19 millions; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted revenue of Rs.2261.66 millions.

Gross Margin(%) Reported by Signet 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)
59.47 2.82 16.61
Calculated Gross Margin(%) of Signet 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 %
56.64 2007.77%(GM Increase) 42.86 258.11%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM increased by 2007.77% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for 56.64% GM increase, as the company reported 59.47% GM; in compare to previous quarter(January, 2020 - March, 2020) when the company reported 2.82% GM.
The result also indicates, the company's GM increased by 258.11% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for 42.86% GM increase; in compare to corresponding quarter(April, 2019 - June, 2019) when the company reported 16.61% GM.

EBITDA Reported by Signet 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)
116.64 151.67 193.83
Calculated EBITDA of Signet 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 %
35.03 23.10%(EBITDA Decrease) 77.19 39.82%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA decreased by 23.10% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for EBITDA decrease of Rs.35.03 millions, as the company posted EBITDA of Rs.116.64 millions; in compare to previous quarter(January, 2020 - March, 2020) when the company reported EBITDA of Rs.151.67 millions.
The result also shows that the company's EBITDA decreased by 39.82% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for EBITDA decrease of Rs.77.19 millions; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted EBITDA of Rs.193.83 millions.

Profit and Loss Reported by Signet 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)
3.60(Loss ) 4.50(Profit ) 45.14(Profit )
Calculated Profit and Loss of Signet 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 %
8.10 180.00%(Loss Increase) 48.74 107.98%(Loss Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's loss increased by 180.00% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for loss increase of Rs.8.10 millions, as the company posted loss of Rs.3.60 millions; in compare to previous quarter(January, 2020 - March, 2020) when the company reported profit of Rs.4.50 millions.
The result also shows that the company's loss increased by 107.98% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for loss increase of Rs.48.74 millions; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted profit of Rs.45.14 millions.

EPS Reported by Signet 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)
0.25(Negative) 0.15 1.53
Calculated EPS of Signet 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 %
0.40 266.67%(EPS Decrease) 1.78 116.34%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS decreased by 266.67% in QoQ(Quarter on Quarter) / current quarter(April, 2020 - June, 2020) for EPS decrease of Rs.0.40, as the company posted Negative EPS of Rs.0.25; in compare to previous quarter(January, 2020 - March, 2020) when the company reported EPS of Rs.0.15.
The result also shows that the company's EPS decreased by 116.34% in YoY(Year over Year) / in current quarter(April, 2020 - June, 2020) for EPS decrease of Rs.1.78; in compare to corresponding quarter(April, 2019 - June, 2019) when the company posted EPS of Rs.1.53.

 


***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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