Vardhman Textiles posted profit of Rs.61.58 crores in (Q2) FY 2020-21

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Team Infinities:

Vardhman Textiles Limited NSE Symbol:VTL, BSE Security Code:502986 has declared its 2nd(second) quarter un-audited Consolidated financial report from the month of July, 2020 to the month of September, 2020; for the fiscal year 2020-21.

Revenue Reported by Vardhman Textiles 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)
1679.48 860.63 1693.62 2540.11 3376.70
Calculated Revenue of Vardhman Textiles 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 %
818.85 95.15%(Revenue Increase) 14.14 0.83%(Revenue Decrease) 836.59 24.78%(Revenue Decrease)

Revenue: Vardhman Textiles Limited's financial report shows that the company's revenue increased by 95.15% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.818.85 crores, as the company posted revenue of Rs.1679.48 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.860.63 crores.
The result also shows that the company's revenue decreased by 0.83% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.14.14 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.1693.62 crores.
The company also reported that its revenue decreased by 24.78% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.836.59 crores, since the company reported revenue of Rs.2540.11 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.3376.70 crores.

Gross Margin(%) Reported by Vardhman Textiles 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)
57.24 34.22 37.54 49.53 40.40
Calculated Gross Margin(%) of Vardhman Textiles 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 %
23.01 67.24%(GM Increase) 19.70 52.47%(GM Increase) 9.14 22.62%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM increased by 67.24% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 23.01% GM increase, as the company reported 57.24% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 34.22% GM.
The result also indicates, the company's GM increased by 52.47% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 19.70% GM increase; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 37.54% GM.
The company also reported that its GM increased by 22.62% in 6 months end(April, 2020 - September, 2020) for 9.14% GM increase, since the company reported 49.53% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 40.40% GM.

EBITDA Reported by Vardhman Textiles 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)
203.61 36.72 281.68 240.33 567.51
Calculated EBITDA of Vardhman Textiles 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 %
166.89 454.49%(EBITDA Increase) 78.07 27.72%(EBITDA Decrease) 327.18 57.65%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 454.49% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.166.89 crores, as the company posted EBITDA of Rs.203.61 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.36.72 crores.
The result also shows that the company's EBITDA decreased by 27.72% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA decrease of Rs.78.07 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.281.68 crores.
The company also reported that its EBITDA decreased by 57.65% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.327.18 crores, since the company reported EBITDA of Rs.240.33 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.567.51 crores.

Profit and Loss Reported by Vardhman Textiles 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)
61.58(Profit ) 64.14(Loss ) 119.64(Profit ) 2.56(Loss ) 240.63(Profit )
Calculated Profit and Loss of Vardhman Textiles 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 %
125.72 196.01%(Profit Increase) 58.06 48.53%(Profit Decrease) 243.19 101.06%(Loss Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 196.01% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.125.72 crores, as the company posted profit of Rs.61.58 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported loss of Rs.64.14 crores.
The result also shows that the company's profit decreased by 48.53% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit decrease of Rs.58.06 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.119.64 crores.
The company also reported that its loss increased by 101.06% in 6 months end(April, 2020 - September, 2020) for loss increase of Rs.243.19 crores, since the company reported loss of Rs.2.56 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.240.63 crores.

EPS Reported by Vardhman Textiles 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)
10.66 11.38(Negative) 20.63 0.72(Negative) 41.18
Calculated EPS of Vardhman Textiles 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 %
22.04 193.67%(EPS Increase) 9.97 48.33%(EPS Decrease) 41.90 101.75%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 193.67% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.22.04, as the company posted EPS of Rs.10.66; in compare to previous quarter(April, 2020 - June, 2020) when the company reported Negative EPS of Rs.11.38.
The result also shows that the company's EPS decreased by 48.33% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.9.97; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.20.63.
The company also reported that its EPS decreased by 101.75% in 6 months end(April, 2020 - September, 2020) for EPS decrease of Rs.41.90, since the company reported Negative EPS of Rs.0.72; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.41.18.

Assets Reported by Vardhman Textiles 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 4017.22 4470.98 4779.64 4882.54
  Change Change % Change Change %
Calculated 453.76 10.15%(Assets Decrease) 102.90 2.11%(Assets Decrease)

Assets:The company reported its non-current assets decreased by 10.15% in current quarter(September, 2020) for non-current assets decrease of Rs.453.76 crores, since the company reported net non-current assets of Rs.4017.22 crores; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.4470.98 crores.
The balance sheet of the company also shows that, its current assets decreased by 2.11% in current quarter(September, 2020) for current assets decrease of Rs.102.90 crores, as the company reported net current assets of Rs.4779.64 crores; against previous year end(March, 2020) when the company reported net current assets of Rs.4882.54 crores.

Liabilities Reported by Vardhman Textiles 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 1685.40 1549.51 944.21 1635.50
  Change Change % Change Change %
Calculated 135.89 8.77%(Liabilities Increase) 691.29 42.27%(Liabilities Decrease)

Liabilities:The company reported its non-current liabilities increased by 8.77% in current quarter(September, 2020) for non-current liabilities increase of Rs.135.89 crores, since the company reported net non-current liabilities of Rs.1685.40 crores; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.1549.51 crores.
The balance sheet of the company also shows that, its current liabilities decreased by 42.27% in current quarter(September, 2020) for current liabilities decrease of Rs.691.29 crores, as the company reported net current liabilities of Rs.944.21 crores; against previous year end(March, 2020) when the company reported net current liabilities of Rs.1635.50 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.