Plastiblends India profit increased 22.47% in (Q2) FY 2020-21

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Team Infinities:

Plastiblends India Limited NSE Symbol:PLASTIBLEN, BSE Security Code:523648 has declared its 2nd(second) quarter un-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 Plastiblends 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)
143.00 103.92 150.76 246.92 331.63
Calculated Revenue of Plastiblends 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 %
39.08 37.61%(Revenue Increase) 7.76 5.15%(Revenue Decrease) 84.71 25.54%(Revenue Decrease)

Revenue: Plastiblends India Limited's financial report shows that the company's revenue increased by 37.61% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.39.08 crores, as the company posted revenue of Rs.143.00 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.103.92 crores.
The result also shows that the company's revenue decreased by 5.15% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.7.76 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.150.76 crores.
The company also reported that its revenue decreased by 25.54% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.84.71 crores, since the company reported revenue of Rs.246.92 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.331.63 crores.

Gross Margin(%) Reported by Plastiblends 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)
34.53 45.51 29.26 39.14 26.13
Calculated Gross Margin(%) of Plastiblends 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 %
10.98 24.13%(GM Decrease) 5.27 18.01%(GM Increase) 13.01 49.77%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 24.13% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 10.98% GM decrease, as the company reported 34.53% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 45.51% GM.
The result also indicates, the company's GM increased by 18.01% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 5.27% GM increase; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 29.26% GM.
The company also reported that its GM increased by 49.77% in 6 months end(April, 2020 - September, 2020) for 13.01% GM increase, since the company reported 39.14% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 26.13% GM.

EBITDA Reported by Plastiblends 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)
17.23 13.77 15.02 31.01 36.00
Calculated EBITDA of Plastiblends 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 %
3.46 25.13%(EBITDA Increase) 2.21 14.71%(EBITDA Increase) 4.99 13.86%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 25.13% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.3.46 crores, as the company posted EBITDA of Rs.17.23 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.13.77 crores.
The result also shows that the company's EBITDA increased by 14.71% 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.15.02 crores.
The company also reported that its EBITDA decreased by 13.86% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.4.99 crores, since the company reported EBITDA of Rs.31.01 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.36.00 crores.

Profit and Loss Reported by Plastiblends 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)
7.63(Profit ) 6.23(Profit ) 9.33(Profit ) 13.86(Profit ) 20.81(Profit )
Calculated Profit and Loss of Plastiblends 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 %
1.40 22.47%(Profit Increase) 1.70 18.22%(Profit Decrease) 6.95 33.40%(Profit Decrease)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 22.47% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.1.40 crores, as the company posted profit of Rs.7.63 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported profit of Rs.6.23 crores.
The result also shows that the company's profit decreased by 18.22% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit decrease of Rs.1.70 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.9.33 crores.
The company also reported that its profit decreased by 33.40% in 6 months end(April, 2020 - September, 2020) for profit decrease of Rs.6.95 crores, since the company reported profit of Rs.13.86 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.20.81 crores.

EPS Reported by Plastiblends 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)
2.94 2.40 3.59 5.33 16.01
Calculated EPS of Plastiblends 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 %
0.54 22.50%(EPS Increase) 0.65 18.11%(EPS Decrease) 10.68 66.71%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 22.50% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.0.54, as the company posted EPS of Rs.2.94; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EPS of Rs.2.40.
The result also shows that the company's EPS decreased by 18.11% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.0.65; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.3.59.
The company also reported that its EPS decreased by 66.71% in 6 months end(April, 2020 - September, 2020) for EPS decrease of Rs.10.68, since the company reported EPS of Rs.5.33; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.16.01.

Assets Reported by Plastiblends 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 199.36 190.32 196.62 218.57
  Change Change % Change Change %
Calculated 9.04 4.75%(Assets Increase) 21.95 10.04%(Assets Decrease)

Assets:The company reported its non-current assets increased by 4.75% in current quarter(September, 2020) for non-current assets increase of Rs.9.04 crores, since the company reported net non-current assets of Rs.199.36 crores; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.190.32 crores.
The balance sheet of the company also shows that, its current assets decreased by 10.04% in current quarter(September, 2020) for current assets decrease of Rs.21.95 crores, as the company reported net current assets of Rs.196.62 crores; against previous year end(March, 2020) when the company reported net current assets of Rs.218.57 crores.

Liabilities Reported by Plastiblends 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 33.52 41.27 64.76 86.73
  Change Change % Change Change %
Calculated 7.75 18.78%(Liabilities Decrease) 21.97 25.33%(Liabilities Decrease)

Liabilities:The company reported its non-current liabilities decreased by 18.78% in current quarter(September, 2020) for non-current liabilities decrease of Rs.7.75 crores, since the company reported net non-current liabilities of Rs.33.52 crores; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.41.27 crores.
The balance sheet of the company also shows that, its current liabilities decreased by 25.33% in current quarter(September, 2020) for current liabilities decrease of Rs.21.97 crores, as the company reported net current liabilities of Rs.64.76 crores; against previous year end(March, 2020) when the company reported net current liabilities of Rs.86.73 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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