Polycab India profit increased 88.14% in (Q2) FY 2020-21

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Team Infinities:

Polycab India Limited NSE Symbol:POLYCAB, BSE Security Code:542652 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 Polycab 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)
21.46 10.10 22.54 31.57 42.39
Calculated Revenue of Polycab 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 %
11.36 112.48%(Revenue Increase) 1.08 4.79%(Revenue Decrease) 10.82 25.52%(Revenue Decrease)

Revenue: Polycab India Limited's financial report shows that the company's revenue increased by 112.48% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.11.36 billions, as the company posted revenue of Rs.21.46 billions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.10.10 billions.
The result also shows that the company's revenue decreased by 4.79% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.1.08 billions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.22.54 billions.
The company also reported that its revenue decreased by 25.52% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.10.82 billions, since the company reported revenue of Rs.31.57 billions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.42.39 billions.

Gross Margin(%) Reported by Polycab 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)
26.27 56.05 18.94 35.68 20.99
Calculated Gross Margin(%) of Polycab 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 %
29.78 53.12%(GM Decrease) 7.34 38.74%(GM Increase) 14.69 69.98%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 53.12% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 29.78% GM decrease, as the company reported 26.27% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 56.05% GM.
The result also indicates, the company's GM increased by 38.74% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 7.34% GM increase; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 18.94% GM.
The company also reported that its GM increased by 69.98% in 6 months end(April, 2020 - September, 2020) for 14.69% GM increase, since the company reported 35.68% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 20.99% GM.

EBITDA Reported by Polycab 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)
3.45 1.00 2.83 4.45 5.40
Calculated EBITDA of Polycab 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 %
2.45 245.00%(EBITDA Increase) 0.62 21.91%(EBITDA Increase) 0.95 17.59%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 245.00% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.2.45 billions, as the company posted EBITDA of Rs.3.45 billions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.1.00 billion.
The result also shows that the company's EBITDA increased by 21.91% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.0.62 billion; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.2.83 billions.
The company also reported that its EBITDA decreased by 17.59% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.0.95 billion, since the company reported EBITDA of Rs.4.45 billions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.5.40 billions.

Profit and Loss Reported by Polycab 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)
2.22(Profit ) 1.18(Profit ) 1.94(Profit ) 3.39(Profit ) 3.29(Profit )
Calculated Profit and Loss of Polycab 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 %
1.04 88.14%(Profit Increase) 0.28 14.43%(Profit Increase) 0.10 3.04%(Profit Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 88.14% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.1.04 billions, as the company posted profit of Rs.2.22 billions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported profit of Rs.1.18 billions.
The result also shows that the company's profit increased by 14.43% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit increase of Rs.0.28 billion; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.1.94 billions.
The company also reported that its profit increased by 3.04% in 6 months end(April, 2020 - September, 2020) for profit increase of Rs.0.10 billion, since the company reported profit of Rs.3.39 billions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.3.29 billions.

EPS Reported by Polycab 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)
14.81 7.90 12.92 22.70 22.04
Calculated EPS of Polycab 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 %
6.91 87.47%(EPS Increase) 1.89 14.63%(EPS Increase) 0.66 2.99%(EPS Increase)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 87.47% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.6.91, as the company posted EPS of Rs.14.81; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EPS of Rs.7.90.
The result also shows that the company's EPS increased by 14.63% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS increase of Rs.1.89; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.12.92.
The company also reported that its EPS increased by 2.99% in 6 months end(April, 2020 - September, 2020) for EPS increase of Rs.0.66, since the company reported EPS of Rs.22.70; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.22.04.

Assets Reported by Polycab 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 21.49 19.12 43.04 40.50
  Change Change % Change Change %
Calculated 2.37 12.40%(Assets Increase) 2.54 6.27%(Assets Increase)

Assets:The company reported its non-current assets increased by 12.40% in current quarter(September, 2020) for non-current assets increase of Rs.2.37 billions, since the company reported net non-current assets of Rs.21.49 billions; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.19.12 billions.
The balance sheet of the company also shows that, its current assets increased by 6.27% in current quarter(September, 2020) for current assets increase of Rs.2.54 billions, as the company reported net current assets of Rs.43.04 billions; against previous year end(March, 2020) when the company reported net current assets of Rs.40.50 billions.

Liabilities Reported by Polycab 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 2.65 1.01 19.59 20.09
  Change Change % Change Change %
Calculated 1.64 162.38%(Liabilities Increase) 0.50 2.49%(Liabilities Decrease)

Liabilities:The company reported its non-current liabilities increased by 162.38% in current quarter(September, 2020) for non-current liabilities increase of Rs.1.64 billions, since the company reported net non-current liabilities of Rs.2.65 billions; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.1.01 billions.
The balance sheet of the company also shows that, its current liabilities decreased by 2.49% in current quarter(September, 2020) for current liabilities decrease of Rs.0.50 billion, as the company reported net current liabilities of Rs.19.59 billions; against previous year end(March, 2020) when the company reported net current liabilities of Rs.20.09 billions.

 


***All amounts are given in Billion 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.