Z.F.Steering Gear (India) loss decreased by 48.40% in (Q2) FY 2020-21

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Team Infinities:

Z.F.Steering Gear (India) Limited BSE Security Code:505163 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 Z.F.Steering Gear (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)
430.60 211.30 687.00 641.90 1653.20
Calculated Revenue of Z.F.Steering Gear (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 %
219.30 103.79%(Revenue Increase) 256.40 37.32%(Revenue Decrease) 1011.30 61.17%(Revenue Decrease)

Revenue: Z.F.Steering Gear (India) Limited's financial report shows that the company's revenue increased by 103.79% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.219.30 millions, as the company posted revenue of Rs.430.60 millions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.211.30 millions.
The result also shows that the company's revenue decreased by 37.32% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.256.40 millions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.687.00 millions.
The company also reported that its revenue decreased by 61.17% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.1011.30 millions, since the company reported revenue of Rs.641.90 millions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.1653.20 millions.

Gross Margin(%) Reported by Z.F.Steering Gear (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)
20.18 70.26 62.88 33.64 46.67
Calculated Gross Margin(%) of Z.F.Steering Gear (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 %
50.07 71.27%(GM Decrease) 42.69 67.90%(GM Decrease) 13.04 27.93%(GM Decrease)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 71.27% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 50.07% GM decrease, as the company reported 20.18% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 70.26% GM.
The result also indicates, the company's GM decreased by 67.90% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 42.69% GM decrease; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 62.88% GM.
The company also reported that its GM decreased by 27.93% in 6 months end(April, 2020 - September, 2020) for 13.04% GM decrease, since the company reported 33.64% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 46.67% GM.

EBITDA Reported by Z.F.Steering Gear (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)
60.90 48.80 76.60 109.70 234.80
Calculated EBITDA of Z.F.Steering Gear (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 %
12.10 24.80%(EBITDA Increase) 15.70 20.50%(EBITDA Decrease) 125.10 53.28%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 24.80% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.12.10 millions, as the company posted EBITDA of Rs.60.90 millions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.48.80 millions.
The result also shows that the company's EBITDA decreased by 20.50% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA decrease of Rs.15.70 millions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.76.60 millions.
The company also reported that its EBITDA decreased by 53.28% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.125.10 millions, since the company reported EBITDA of Rs.109.70 millions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.234.80 millions.

Profit and Loss Reported by Z.F.Steering Gear (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)
9.70(Loss ) 18.80(Loss ) 8.10(Loss ) 28.50(Loss ) 77.60(Profit )
Calculated Profit and Loss of Z.F.Steering Gear (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 %
9.10 48.40%(Loss Decrease) 1.60 19.75%(Loss Increase) 106.10 136.73%(Loss Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's loss decreased by 48.40% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for loss decrease of Rs.9.10 millions, as the company posted loss of Rs.9.70 millions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported loss of Rs.18.80 millions.
The result also shows that the company's loss increased by 19.75% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for loss increase of Rs.1.60 millions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted loss of Rs.8.10 millions.
The company also reported that its loss increased by 136.73% in 6 months end(April, 2020 - September, 2020) for loss increase of Rs.106.10 millions, since the company reported loss of Rs.28.50 millions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.77.60 millions.

EPS Reported by Z.F.Steering Gear (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)
1.07(Negative) 2.07(Negative) 0.89(Negative) 3.14(Negative) 8.55
Calculated EPS of Z.F.Steering Gear (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 %
1.00 48.31%(EPS Increase) 0.18 20.22%(EPS Decrease) 11.69 136.73%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 48.31% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.1.00, as the company posted Negative EPS of Rs.1.07; in compare to previous quarter(April, 2020 - June, 2020) when the company reported Negative EPS of Rs.2.07.
The result also shows that the company's EPS decreased by 20.22% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.0.18; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted Negative EPS of Rs.0.89.
The company also reported that its EPS decreased by 136.73% in 6 months end(April, 2020 - September, 2020) for EPS decrease of Rs.11.69, since the company reported Negative EPS of Rs.3.14; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.8.55.

Assets Reported by Z.F.Steering Gear (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 3440.60 3449.60 798.60 910.10
  Change Change % Change Change %
Calculated 9.00 0.26%(Assets Decrease) 111.50 12.25%(Assets Decrease)

Assets:The company reported its non-current assets decreased by 0.26% in current quarter(September, 2020) for non-current assets decrease of Rs.9.00 millions, since the company reported net non-current assets of Rs.3440.60 millions; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.3449.60 millions.
The balance sheet of the company also shows that, its current assets decreased by 12.25% in current quarter(September, 2020) for current assets decrease of Rs.111.50 millions, as the company reported net current assets of Rs.798.60 millions; against previous year end(March, 2020) when the company reported net current assets of Rs.910.10 millions.

Liabilities Reported by Z.F.Steering Gear (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 60.60 83.40 530.90 605.80
  Change Change % Change Change %
Calculated 22.80 27.34%(Liabilities Decrease) 74.90 12.36%(Liabilities Decrease)

Liabilities:The company reported its non-current liabilities decreased by 27.34% in current quarter(September, 2020) for non-current liabilities decrease of Rs.22.80 millions, since the company reported net non-current liabilities of Rs.60.60 millions; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.83.40 millions.
The balance sheet of the company also shows that, its current liabilities decreased by 12.36% in current quarter(September, 2020) for current liabilities decrease of Rs.74.90 millions, as the company reported net current liabilities of Rs.530.90 millions; against previous year end(March, 2020) when the company reported net current liabilities of Rs.605.80 millions.

 


***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.