Texmo Pipes and Products profit increased 10.82% in (Q2) FY 2020-21

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Team Infinities:

Texmo Pipes and Products Limited NSE Symbol:TEXMOPIPES, BSE Security Code:533164 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 Texmo Pipes and Products 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)
814.42 819.10 505.17 1633.52 1797.12
Calculated Revenue of Texmo Pipes and Products 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 %
4.68 0.57%(Revenue Decrease) 309.25 61.22%(Revenue Increase) 163.60 9.10%(Revenue Decrease)

Revenue: Texmo Pipes and Products Limited's financial report shows that the company's revenue decreased by 0.57% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.4.68 millions, as the company posted revenue of Rs.814.42 millions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.819.10 millions.
The result also shows that the company's revenue increased by 61.22% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue increase of Rs.309.25 millions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.505.17 millions.
The company also reported that its revenue decreased by 9.10% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.163.60 millions, since the company reported revenue of Rs.1633.52 millions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.1797.12 millions.

Gross Margin(%) Reported by Texmo Pipes and Products 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)
9.09 28.98 9.89 19.06 24.43
Calculated Gross Margin(%) of Texmo Pipes and Products 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 %
19.89 68.64%(GM Decrease) 0.80 8.06%(GM Decrease) 5.38 22.01%(GM Decrease)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 68.64% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 19.89% GM decrease, as the company reported 9.09% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 28.98% GM.
The result also indicates, the company's GM decreased by 8.06% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 0.80% GM decrease; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 9.89% GM.
The company also reported that its GM decreased by 22.01% in 6 months end(April, 2020 - September, 2020) for 5.38% GM decrease, since the company reported 19.06% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 24.43% GM.

EBITDA Reported by Texmo Pipes and Products 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)
58.31 57.59 52.33 115.90 118.87
Calculated EBITDA of Texmo Pipes and Products 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 %
0.72 1.25%(EBITDA Increase) 5.98 11.43%(EBITDA Increase) 2.97 2.50%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 1.25% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.0.72 million, as the company posted EBITDA of Rs.58.31 millions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.57.59 millions.
The result also shows that the company's EBITDA increased by 11.43% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.5.98 millions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.52.33 millions.
The company also reported that its EBITDA decreased by 2.50% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.2.97 millions, since the company reported EBITDA of Rs.115.90 millions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.118.87 millions.

Profit and Loss Reported by Texmo Pipes and Products 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)
14.75(Profit ) 13.31(Profit ) 3.99(Profit ) 28.07(Profit ) 16.95(Profit )
Calculated Profit and Loss of Texmo Pipes and Products 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 %
1.44 10.82%(Profit Increase) 10.76 269.67%(Profit Increase) 11.12 65.60%(Profit Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 10.82% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.1.44 millions, as the company posted profit of Rs.14.75 millions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported profit of Rs.13.31 millions.
The result also shows that the company's profit increased by 269.67% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit increase of Rs.10.76 millions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.3.99 millions.
The company also reported that its profit increased by 65.60% in 6 months end(April, 2020 - September, 2020) for profit increase of Rs.11.12 millions, since the company reported profit of Rs.28.07 millions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.16.95 millions.

EPS Reported by Texmo Pipes and Products 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)
0.56 0.51 0.15 1.07 0.64
Calculated EPS of Texmo Pipes and Products 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 %
0.05 9.80%(EPS Increase) 0.41 273.33%(EPS Increase) 0.43 67.19%(EPS Increase)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 9.80% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.0.05, as the company posted EPS of Rs.0.56; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EPS of Rs.0.51.
The result also shows that the company's EPS increased by 273.33% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS increase of Rs.0.41; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.0.15.
The company also reported that its EPS increased by 67.19% in 6 months end(April, 2020 - September, 2020) for EPS increase of Rs.0.43, since the company reported EPS of Rs.1.07; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.0.64.

Assets Reported by Texmo Pipes and Products 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 1898.22 1933.67 1543.24 1497.66
  Change Change % Change Change %
Calculated 35.45 1.83%(Assets Decrease) 45.58 3.04%(Assets Increase)

Assets:The company reported its non-current assets decreased by 1.83% in current quarter(September, 2020) for non-current assets decrease of Rs.35.45 millions, since the company reported net non-current assets of Rs.1898.22 millions; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.1933.67 millions.
The balance sheet of the company also shows that, its current assets increased by 3.04% in current quarter(September, 2020) for current assets increase of Rs.45.58 millions, as the company reported net current assets of Rs.1543.24 millions; against previous year end(March, 2020) when the company reported net current assets of Rs.1497.66 millions.

Liabilities Reported by Texmo Pipes and Products 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 301.69 276.52 993.42 1022.95
  Change Change % Change Change %
Calculated 25.17 9.10%(Liabilities Increase) 29.53 2.89%(Liabilities Decrease)

Liabilities:The company reported its non-current liabilities increased by 9.10% in current quarter(September, 2020) for non-current liabilities increase of Rs.25.17 millions, since the company reported net non-current liabilities of Rs.301.69 millions; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.276.52 millions.
The balance sheet of the company also shows that, its current liabilities decreased by 2.89% in current quarter(September, 2020) for current liabilities decrease of Rs.29.53 millions, as the company reported net current liabilities of Rs.993.42 millions; against previous year end(March, 2020) when the company reported net current liabilities of Rs.1022.95 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.