Saregama India profit increased 83.50% in (Q2) FY 2020-21

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Team Infinities:

Saregama India Limited NSE Symbol:SAREGAMA, BSE Security Code:532163 has declared its 2nd(second) quarter unaudited consolidated financial report from the month of July, 2020 to the month of September, 2020; for the fiscal year 2020-21.

Revenue Reported by Saregama 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)
111.55 81.86 160.40 193.41 288.48
Calculated Revenue of Saregama 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 %
29.69 36.27%(Revenue Increase) 48.85 30.46%(Revenue Decrease) 95.07 32.96%(Revenue Decrease)

Revenue: Saregama India Limited's financial report shows that the company's revenue increased by 36.27% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.29.69 crores, as the company posted revenue of Rs.111.55 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.81.86 crores.
The result also shows that the company's revenue decreased by 30.46% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.48.85 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.160.40 crores.
The company also reported that its revenue decreased by 32.96% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.95.07 crores, since the company reported revenue of Rs.193.41 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.288.48 crores.

Gross Margin(%) Reported by Saregama 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)
90.19 107.37 56.01 97.31 62.32
Calculated Gross Margin(%) of Saregama 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 %
17.19 16.01%(GM Decrease) 34.18 61.02%(GM Increase) 34.99 56.15%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 16.01% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 17.19% GM decrease, as the company reported 90.19% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 107.37% GM.
The result also indicates, the company's GM increased by 61.02% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 34.18% GM increase; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 56.01% GM.
The company also reported that its GM increased by 56.15% in 6 months end(April, 2020 - September, 2020) for 34.99% GM increase, since the company reported 97.31% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 62.32% GM.

EBITDA Reported by Saregama 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)
40.30 24.24 27.14 64.54 30.44
Calculated EBITDA of Saregama 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 %
16.06 66.25%(EBITDA Increase) 13.16 48.49%(EBITDA Increase) 34.10 112.02%(EBITDA Increase)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 66.25% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.16.06 crores, as the company posted EBITDA of Rs.40.30 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.24.24 crores.
The result also shows that the company's EBITDA increased by 48.49% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.13.16 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.27.14 crores.
The company also reported that its EBITDA increased by 112.02% in 6 months end(April, 2020 - September, 2020) for EBITDA increase of Rs.34.10 crores, since the company reported EBITDA of Rs.64.54 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.30.44 crores.

Profit and Loss Reported by Saregama 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)
28.92(Profit ) 15.76(Profit ) 19.42(Profit ) 44.68(Profit ) 18.18(Profit )
Calculated Profit and Loss of Saregama 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 %
13.16 83.50%(Profit Increase) 9.50 48.92%(Profit Increase) 26.50 145.76%(Profit Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 83.50% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.13.16 crores, as the company posted profit of Rs.28.92 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported profit of Rs.15.76 crores.
The result also shows that the company's profit increased by 48.92% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit increase of Rs.9.50 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.19.42 crores.
The company also reported that its profit increased by 145.76% in 6 months end(April, 2020 - September, 2020) for profit increase of Rs.26.50 crores, since the company reported profit of Rs.44.68 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.18.18 crores.

EPS Reported by Saregama 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)
16.46 9.14 11.06 25.58 10.31
Calculated EPS of Saregama 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 %
7.32 80.09%(EPS Increase) 5.40 48.82%(EPS Increase) 15.27 148.11%(EPS Increase)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 80.09% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.7.32, as the company posted EPS of Rs.16.46; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EPS of Rs.9.14.
The result also shows that the company's EPS increased by 48.82% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS increase of Rs.5.40; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.11.06.
The company also reported that its EPS increased by 148.11% in 6 months end(April, 2020 - September, 2020) for EPS increase of Rs.15.27, since the company reported EPS of Rs.25.58; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.10.31.

Assets Reported by Saregama 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 337.51 301.73 355.26 318.02
  Change Change % Change Change %
Calculated 35.78 11.86%(Assets Increase) 37.24 11.71%(Assets Increase)

Assets:The company reported its non-current assets increased by 11.86% in current quarter(September, 2020) for non-current assets increase of Rs.35.78 crores, since the company reported net non-current assets of Rs.337.51 crores; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.301.73 crores.
The balance sheet of the company also shows that, its current assets increased by 11.71% in current quarter(September, 2020) for current assets increase of Rs.37.24 crores, as the company reported net current assets of Rs.355.26 crores; against previous year end(March, 2020) when the company reported net current assets of Rs.318.02 crores.

Liabilities Reported by Saregama 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 53.86 49.28 167.69 169.43
  Change Change % Change Change %
Calculated 4.58 9.29%(Liabilities Increase) 1.74 1.03%(Liabilities Decrease)

Liabilities:The company reported its non-current liabilities increased by 9.29% in current quarter(September, 2020) for non-current liabilities increase of Rs.4.58 crores, since the company reported net non-current liabilities of Rs.53.86 crores; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.49.28 crores.
The balance sheet of the company also shows that, its current liabilities decreased by 1.03% in current quarter(September, 2020) for current liabilities decrease of Rs.1.74 crores, as the company reported net current liabilities of Rs.167.69 crores; against previous year end(March, 2020) when the company reported net current liabilities of Rs.169.43 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.