Sheela Foam profit increases 491.86% in (Q2) FY 2020-21

Source

Team Infinities:

Sheela Foam Limited NSE Symbol:SFL, BSE Security Code:540203 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 Sheela Foam 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)
517.11 279.81 508.69 896.92 1032.19
Calculated Revenue of Sheela Foam 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 %
237.30 84.81%(Revenue Increase) 8.42 1.66%(Revenue Increase) 135.27 13.11%(Revenue Decrease)

Revenue: Sheela Foam Limited's financial report shows that the company's revenue increased by 84.81% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.237.30 crores, as the company posted revenue of Rs.517.11 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.279.81 crores.
The result also shows that the company's revenue increased by 1.66% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue increase of Rs.8.42 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.508.69 crores.
The company also reported that its revenue decreased by 13.11% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.135.27 crores, since the company reported revenue of Rs.896.92 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.1032.19 crores.

Gross Margin(%) Reported by Sheela Foam 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)
35.15 58.42 47.90 49.69 48.08
Calculated Gross Margin(%) of Sheela Foam 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 %
23.27 39.83%(GM Decrease) 12.75 26.62%(GM Decrease) 1.61 3.34%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 39.83% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 23.27% GM decrease, as the company reported 35.15% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 58.42% GM.
The result also indicates, the company's GM decreased by 26.62% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 12.75% GM decrease; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 47.90% GM.
The company also reported that its GM increased by 3.34% in 6 months end(April, 2020 - September, 2020) for 1.61% GM increase, since the company reported 49.69% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 48.08% GM.

EBITDA Reported by Sheela Foam 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)
115.70 38.68 81.90 154.38 153.35
Calculated EBITDA of Sheela Foam 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 %
77.02 199.12%(EBITDA Increase) 33.80 41.27%(EBITDA Increase) 1.03 0.67%(EBITDA Increase)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 199.12% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.77.02 crores, as the company posted EBITDA of Rs.115.70 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.38.68 crores.
The result also shows that the company's EBITDA increased by 41.27% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.33.80 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.81.90 crores.
The company also reported that its EBITDA increased by 0.67% in 6 months end(April, 2020 - September, 2020) for EBITDA increase of Rs.1.03 crores, since the company reported EBITDA of Rs.154.38 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.153.35 crores.

Profit and Loss Reported by Sheela Foam 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)
69.84(Profit ) 11.80(Profit ) 58.74(Profit ) 81.64(Profit ) 97.46(Profit )
Calculated Profit and Loss of Sheela Foam 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 %
58.04 491.86%(Profit Increase) 11.10 18.90%(Profit Increase) 15.82 16.23%(Profit Decrease)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 491.86% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.58.04 crores, as the company posted profit of Rs.69.84 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported profit of Rs.11.80 crores.
The result also shows that the company's profit increased by 18.90% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit increase of Rs.11.10 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.58.74 crores.
The company also reported that its profit decreased by 16.23% in 6 months end(April, 2020 - September, 2020) for profit decrease of Rs.15.82 crores, since the company reported profit of Rs.81.64 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.97.46 crores.

EPS Reported by Sheela Foam 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)
14.32 2.42 12.04 16.74 19.98
Calculated EPS of Sheela Foam 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 %
11.90 491.74%(EPS Increase) 2.28 18.94%(EPS Increase) 3.24 16.22%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 491.74% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.11.90, as the company posted EPS of Rs.14.32; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EPS of Rs.2.42.
The result also shows that the company's EPS increased by 18.94% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS increase of Rs.2.28; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.12.04.
The company also reported that its EPS decreased by 16.22% in 6 months end(April, 2020 - September, 2020) for EPS decrease of Rs.3.24, since the company reported EPS of Rs.16.74; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.19.98.

Assets Reported by Sheela Foam 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 1033.71 894.43 784.04 756.87
  Change Change % Change Change %
Calculated 139.28 15.57%(Assets Increase) 27.17 3.59%(Assets Increase)

Assets:The company reported its non-current assets increased by 15.57% in current quarter(September, 2020) for non-current assets increase of Rs.139.28 crores, since the company reported net non-current assets of Rs.1033.71 crores; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.894.43 crores.
The balance sheet of the company also shows that, its current assets increased by 3.59% in current quarter(September, 2020) for current assets increase of Rs.27.17 crores, as the company reported net current assets of Rs.784.04 crores; against previous year end(March, 2020) when the company reported net current assets of Rs.756.87 crores.

Liabilities Reported by Sheela Foam 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 339.76 338.99 450.82 384.30
  Change Change % Change Change %
Calculated 0.77 0.23%(Liabilities Increase) 66.52 17.31%(Liabilities Increase)

Liabilities:The company reported its non-current liabilities increased by 0.23% in current quarter(September, 2020) for non-current liabilities increase of Rs.0.77 crore, since the company reported net non-current liabilities of Rs.339.76 crores; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.338.99 crores.
The balance sheet of the company also shows that, its current liabilities increased by 17.31% in current quarter(September, 2020) for current liabilities increase of Rs.66.52 crores, as the company reported net current liabilities of Rs.450.82 crores; against previous year end(March, 2020) when the company reported net current liabilities of Rs.384.30 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.