Sumeet Industries loss increased by 43.79% in (Q2) FY 2020-21

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Team Infinities:

Sumeet Industries Limited NSE Symbol:SUMEETINDS, BSE Security Code:514211 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 Sumeet Industries 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)
107.75 52.58 194.62 160.34 388.46
Calculated Revenue of Sumeet Industries 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 %
55.17 104.93%(Revenue Increase) 86.87 44.64%(Revenue Decrease) 228.12 58.72%(Revenue Decrease)

Revenue: Sumeet Industries Limited's financial report shows that the company's revenue increased by 104.93% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.55.17 crores, as the company posted revenue of Rs.107.75 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.52.58 crores.
The result also shows that the company's revenue decreased by 44.64% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.86.87 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.194.62 crores.
The company also reported that its revenue decreased by 58.72% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.228.12 crores, since the company reported revenue of Rs.160.34 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.388.46 crores.

Gross Margin(%) Reported by Sumeet Industries 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)
30.14 22.19 22.17 34.06 24.18
Calculated Gross Margin(%) of Sumeet Industries 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 %
7.95 35.82%(GM Increase) 7.97 35.96%(GM Increase) 9.88 40.85%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM increased by 35.82% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 7.95% GM increase, as the company reported 30.14% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 22.19% GM.
The result also indicates, the company's GM increased by 35.96% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 7.97% GM increase; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 22.17% GM.
The company also reported that its GM increased by 40.85% in 6 months end(April, 2020 - September, 2020) for 9.88% GM increase, since the company reported 34.06% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 24.18% GM.

EBITDA Reported by Sumeet Industries 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)
5.65(Negative) 1.01(Negative) 13.21 6.65(Negative) 26.20
Calculated EBITDA of Sumeet Industries 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 %
4.64 459.41%(EBITDA Decrease) 18.86 142.77%(EBITDA Decrease) 32.85 125.38%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA decreased by 459.41% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA decrease of Rs.4.64 crores, as the company posted Negative EBITDA of Rs.5.65 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported Negative EBITDA of Rs.1.01 crores.
The result also shows that the company's EBITDA decreased by 142.77% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA decrease of Rs.18.86 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.13.21 crores.
The company also reported that its EBITDA decreased by 125.38% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.32.85 crores, since the company reported Negative EBITDA of Rs.6.65 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.26.20 crores.

Profit and Loss Reported by Sumeet Industries 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)
14.71(Loss ) 10.23(Loss ) 7.15(Loss ) 24.93(Loss ) 8.08(Loss )
Calculated Profit and Loss of Sumeet Industries 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 %
4.48 43.79%(Loss Increase) 7.56 105.73%(Loss Increase) 16.85 208.54%(Loss Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's loss increased by 43.79% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for loss increase of Rs.4.48 crores, as the company posted loss of Rs.14.71 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported loss of Rs.10.23 crores.
The result also shows that the company's loss increased by 105.73% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for loss increase of Rs.7.56 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted loss of Rs.7.15 crores.
The company also reported that its loss increased by 208.54% in 6 months end(April, 2020 - September, 2020) for loss increase of Rs.16.85 crores, since the company reported loss of Rs.24.93 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted loss of Rs.8.08 crores.

EPS Reported by Sumeet Industries 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)
1.42(Negative) 0.99(Negative) 0.74(Negative) 2.41(Negative) 0.83(Negative)
Calculated EPS of Sumeet Industries 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 %
0.43 43.43%(EPS Decrease) 0.68 91.89%(EPS Decrease) 1.58 190.36%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS decreased by 43.43% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.0.43, as the company posted Negative EPS of Rs.1.42; in compare to previous quarter(April, 2020 - June, 2020) when the company reported Negative EPS of Rs.0.99.
The result also shows that the company's EPS decreased by 91.89% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.0.68; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted Negative EPS of Rs.0.74.
The company also reported that its EPS decreased by 190.36% in 6 months end(April, 2020 - September, 2020) for EPS decrease of Rs.1.58, since the company reported Negative EPS of Rs.2.41; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted Negative EPS of Rs.0.83.

Assets Reported by Sumeet Industries 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 295.90 321.64 416.98 423.54
  Change Change % Change Change %
Calculated 25.74 8.00%(Assets Decrease) 6.56 1.55%(Assets Decrease)

Assets:The company reported its non-current assets decreased by 8.00% in current quarter(September, 2020) for non-current assets decrease of Rs.25.74 crores, since the company reported net non-current assets of Rs.295.90 crores; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.321.64 crores.
The balance sheet of the company also shows that, its current assets decreased by 1.55% in current quarter(September, 2020) for current assets decrease of Rs.6.56 crores, as the company reported net current assets of Rs.416.98 crores; against previous year end(March, 2020) when the company reported net current assets of Rs.423.54 crores.

Liabilities Reported by Sumeet Industries 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 85.63 90.80 703.88 708.11
  Change Change % Change Change %
Calculated 5.17 5.69%(Liabilities Decrease) 4.23 0.60%(Liabilities Decrease)

Liabilities:The company reported its non-current liabilities decreased by 5.69% in current quarter(September, 2020) for non-current liabilities decrease of Rs.5.17 crores, since the company reported net non-current liabilities of Rs.85.63 crores; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.90.80 crores.
The balance sheet of the company also shows that, its current liabilities decreased by 0.60% in current quarter(September, 2020) for current liabilities decrease of Rs.4.23 crores, as the company reported net current liabilities of Rs.703.88 crores; against previous year end(March, 2020) when the company reported net current liabilities of Rs.708.11 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.