CG Power and Industrial Solutions posted profit of Rs.1.09 billions in (Q2) FY 2020-21

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Team Infinities:

CG Power and Industrial Solutions Limited NSE Symbol:CGPOWER, BSE Security Code:500093 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 CG Power and Industrial Solutions 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)
6.73 4.30 15.49 11.03 33.31
Calculated Revenue of CG Power and Industrial Solutions 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 %
2.43 56.51%(Revenue Increase) 8.76 56.55%(Revenue Decrease) 22.28 66.89%(Revenue Decrease)

Revenue: CG Power and Industrial Solutions Limited's financial report shows that the company's revenue increased by 56.51% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.2.43 billions, as the company posted revenue of Rs.6.73 billions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.4.30 billions.
The result also shows that the company's revenue decreased by 56.55% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.8.76 billions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.15.49 billions.
The company also reported that its revenue decreased by 66.89% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.22.28 billions, since the company reported revenue of Rs.11.03 billions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.33.31 billions.

Gross Margin(%) Reported by CG Power and Industrial Solutions 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)
24.05 54.38 44.35 34.76 38.42
Calculated Gross Margin(%) of CG Power and Industrial Solutions 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 %
30.33 55.77%(GM Decrease) 20.30 45.77%(GM Decrease) 3.65 9.51%(GM Decrease)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 55.77% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 30.33% GM decrease, as the company reported 24.05% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 54.38% GM.
The result also indicates, the company's GM decreased by 45.77% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 20.30% GM decrease; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 44.35% GM.
The company also reported that its GM decreased by 9.51% in 6 months end(April, 2020 - September, 2020) for 3.65% GM decrease, since the company reported 34.76% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 38.42% GM.

EBITDA Reported by CG Power and Industrial Solutions 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)
2.24 1.16(Negative) 14.75(Negative) 1.07 9.19(Negative)
Calculated EBITDA of CG Power and Industrial Solutions 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 %
3.40 293.10%(EBITDA Increase) 16.99 115.19%(EBITDA Increase) 10.26 111.64%(EBITDA Increase)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 293.10% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.3.40 billions, as the company posted EBITDA of Rs.2.24 billions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported Negative EBITDA of Rs.1.16 billions.
The result also shows that the company's EBITDA increased by 115.19% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.16.99 billions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted Negative EBITDA of Rs.14.75 billions.
The company also reported that its EBITDA increased by 111.64% in 6 months end(April, 2020 - September, 2020) for EBITDA increase of Rs.10.26 billions, since the company reported EBITDA of Rs.1.07 billions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted Negative EBITDA of Rs.9.19 billions.

Profit and Loss Reported by CG Power and Industrial Solutions 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)
1.09(Profit ) 2.63(Loss ) 15.95(Loss ) 1.54(Loss ) 11.69(Loss )
Calculated Profit and Loss of CG Power and Industrial Solutions 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 %
3.72 141.44%(Profit Increase) 17.04 106.83%(Profit Increase) 10.15 86.83%(Loss Decrease)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 141.44% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.3.72 billions, as the company posted profit of Rs.1.09 billions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported loss of Rs.2.63 billions.
The result also shows that the company's profit increased by 106.83% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit increase of Rs.17.04 billions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted loss of Rs.15.95 billions.
The company also reported that its loss decreased by 86.83% in 6 months end(April, 2020 - September, 2020) for loss decrease of Rs.10.15 billions, since the company reported loss of Rs.1.54 billions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted loss of Rs.11.69 billions.

EPS Reported by CG Power and Industrial Solutions 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)
1.76 3.87(Negative) 25.53(Negative) 2.11(Negative) 26.67(Negative)
Calculated EPS of CG Power and Industrial Solutions 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 %
5.63 145.48%(EPS Increase) 27.29 106.89%(EPS Increase) 24.56 92.09%(EPS Increase)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 145.48% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.5.63, as the company posted EPS of Rs.1.76; in compare to previous quarter(April, 2020 - June, 2020) when the company reported Negative EPS of Rs.3.87.
The result also shows that the company's EPS increased by 106.89% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS increase of Rs.27.29; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted Negative EPS of Rs.25.53.
The company also reported that its EPS increased by 92.09% in 6 months end(April, 2020 - September, 2020) for EPS increase of Rs.24.56, since the company reported Negative EPS of Rs.2.11; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted Negative EPS of Rs.26.67.

Assets Reported by CG Power and Industrial Solutions 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 42.23 45.36 17.26 18.61
  Change Change % Change Change %
Calculated 3.13 6.90%(Assets Decrease) 1.35 7.25%(Assets Decrease)

Assets:The company reported its non-current assets decreased by 6.90% in current quarter(September, 2020) for non-current assets decrease of Rs.3.13 billions, since the company reported net non-current assets of Rs.42.23 billions; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.45.36 billions.
The balance sheet of the company also shows that, its current assets decreased by 7.25% in current quarter(September, 2020) for current assets decrease of Rs.1.35 billions, as the company reported net current assets of Rs.17.26 billions; against previous year end(March, 2020) when the company reported net current assets of Rs.18.61 billions.

Liabilities Reported by CG Power and Industrial Solutions 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 1.02 10.39 64.33 57.41
  Change Change % Change Change %
Calculated 9.37 90.18%(Liabilities Decrease) 6.92 12.05%(Liabilities Increase)

Liabilities:The company reported its non-current liabilities decreased by 90.18% in current quarter(September, 2020) for non-current liabilities decrease of Rs.9.37 billions, since the company reported net non-current liabilities of Rs.1.02 billions; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.10.39 billions.
The balance sheet of the company also shows that, its current liabilities increased by 12.05% in current quarter(September, 2020) for current liabilities increase of Rs.6.92 billions, as the company reported net current liabilities of Rs.64.33 billions; against previous year end(March, 2020) when the company reported net current liabilities of Rs.57.41 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.