The Tinplate Company of India posted profit of Rs.16.08 crores in (Q2) FY 2020-21

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Team Infinities:

The Tinplate Company of India Limited NSE Symbol:TINPLATE, BSE Security Code:504966 has declared its 2nd(second) quarter audited Standalone financial report from the month of July, 2020 to the month of September, 2020; for the fiscal year 2020-21.

Revenue Reported by The Tinplate Company of India Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
536.94 384.22 543.86 921.17 1112.11
Calculated Revenue of The Tinplate Company of India Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
152.72 39.75%(Revenue Increase) 6.92 1.27%(Revenue Decrease) 190.94 17.17%(Revenue Decrease)

Revenue: The Tinplate Company of India Limited's financial report shows that the company's revenue increased by 39.75% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.152.72 crores, as the company posted revenue of Rs.536.94 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.384.22 crores.
The result also shows that the company's revenue decreased by 1.27% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.6.92 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.543.86 crores.
The company also reported that its revenue decreased by 17.17% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.190.94 crores, since the company reported revenue of Rs.921.17 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.1112.11 crores.

Gross Margin(%) Reported by The Tinplate Company of India Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
37.55 73.52 27.18 52.54 25.38
Calculated Gross Margin(%) of The Tinplate Company of India Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
35.98 48.93%(GM Decrease) 10.36 38.11%(GM Increase) 27.16 107.00%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 48.93% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 35.98% GM decrease, as the company reported 37.55% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 73.52% GM.
The result also indicates, the company's GM increased by 38.11% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 10.36% GM increase; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 27.18% GM.
The company also reported that its GM increased by 107.00% in 6 months end(April, 2020 - September, 2020) for 27.16% GM increase, since the company reported 52.54% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 25.38% GM.

EBITDA Reported by The Tinplate Company of India Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
37.35 10.14 35.14 47.49 68.30
Calculated EBITDA of The Tinplate Company of India Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
27.21 268.34%(EBITDA Increase) 2.21 6.29%(EBITDA Increase) 20.81 30.47%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 268.34% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.27.21 crores, as the company posted EBITDA of Rs.37.35 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.10.14 crores.
The result also shows that the company's EBITDA increased by 6.29% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.2.21 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.35.14 crores.
The company also reported that its EBITDA decreased by 30.47% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.20.81 crores, since the company reported EBITDA of Rs.47.49 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.68.30 crores.

Profit and Loss Reported by The Tinplate Company of India Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
16.08(Profit ) 6.90(Loss ) 12.67(Profit ) 9.17(Profit ) 21.46(Profit )
Calculated Profit and Loss of The Tinplate Company of India Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
22.98 333.04%(Profit Increase) 3.41 26.91%(Profit Increase) 12.29 57.27%(Profit Decrease)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 333.04% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.22.98 crores, as the company posted profit of Rs.16.08 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported loss of Rs.6.90 crores.
The result also shows that the company's profit increased by 26.91% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit increase of Rs.3.41 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.12.67 crores.
The company also reported that its profit decreased by 57.27% in 6 months end(April, 2020 - September, 2020) for profit decrease of Rs.12.29 crores, since the company reported profit of Rs.9.17 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.21.46 crores.

EPS Reported by The Tinplate Company of India Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
1.54 0.66(Negative) 1.21 0.88 2.05
Calculated EPS of The Tinplate Company of India Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
2.20 333.33%(EPS Increase) 0.33 27.27%(EPS Increase) 1.17 57.07%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 333.33% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.2.20, as the company posted EPS of Rs.1.54; in compare to previous quarter(April, 2020 - June, 2020) when the company reported Negative EPS of Rs.0.66.
The result also shows that the company's EPS increased by 27.27% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS increase of Rs.0.33; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.1.21.
The company also reported that its EPS decreased by 57.07% in 6 months end(April, 2020 - September, 2020) for EPS decrease of Rs.1.17, since the company reported EPS of Rs.0.88; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.2.05.

Assets Reported by The Tinplate Company of India Limited for Second Quarter FY, 2020-21
Details Non-current Assets Current Assets
Current Year Ended(September, 2020) Previous Year End(March, 2020) Current Year Ended(September, 2020) Previous Year End(March, 2020)
Reported 600.28 623.81 580.89 574.14
  Change Change % Change Change %
Calculated 23.53 3.77%(Assets Decrease) 6.75 1.18%(Assets Increase)

Assets:The company reported its non-current assets decreased by 3.77% in current quarter(September, 2020) for non-current assets decrease of Rs.23.53 crores, since the company reported net non-current assets of Rs.600.28 crores; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.623.81 crores.
The balance sheet of the company also shows that, its current assets increased by 1.18% in current quarter(September, 2020) for current assets increase of Rs.6.75 crores, as the company reported net current assets of Rs.580.89 crores; against previous year end(March, 2020) when the company reported net current assets of Rs.574.14 crores.

Liabilities Reported by The Tinplate Company of India Limited for Second Quarter FY, 2020-21
Details Non-current Liabilities Current Liabilities
Current Year Ended(September, 2020) Previous Year End(March, 2020) Current Year Ended(September, 2020) Previous Year End(March, 2020)
Reported 127.71 126.96 295.11 310.25
  Change Change % Change Change %
Calculated 0.75 0.59%(Liabilities Increase) 15.14 4.88%(Liabilities Decrease)

Liabilities:The company reported its non-current liabilities increased by 0.59% in current quarter(September, 2020) for non-current liabilities increase of Rs.0.75 crore, since the company reported net non-current liabilities of Rs.127.71 crores; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.126.96 crores.
The balance sheet of the company also shows that, its current liabilities decreased by 4.88% in current quarter(September, 2020) for current liabilities decrease of Rs.15.14 crores, as the company reported net current liabilities of Rs.295.11 crores; against previous year end(March, 2020) when the company reported net current liabilities of Rs.310.25 crores.

 


***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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