Cords Cable Industries profit increases 733.33% in (Q2) FY 2020-21

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Team Infinities:

Cords Cable Industries Limited NSE Symbol:CORDSCABLE, BSE Security Code:532941 has declared its 2nd(second) quarter unaudited standalone financial report from the month of July, 2020 to the month of September, 2020; for the fiscal year 2020-21.

Revenue Reported by Cords Cable 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)
83.71 49.50 100.64 133.20 211.15
Calculated Revenue of Cords Cable 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 %
34.21 69.11%(Revenue Increase) 16.93 16.82%(Revenue Decrease) 77.95 36.92%(Revenue Decrease)

Revenue: Cords Cable Industries Limited's financial report shows that the company's revenue increased by 69.11% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.34.21 crores, as the company posted revenue of Rs.83.71 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.49.50 crores.
The result also shows that the company's revenue decreased by 16.82% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.16.93 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.100.64 crores.
The company also reported that its revenue decreased by 36.92% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.77.95 crores, since the company reported revenue of Rs.133.20 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.211.15 crores.

Gross Margin(%) Reported by Cords Cable 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)
25.64 40.56 9.27 31.16 17.28
Calculated Gross Margin(%) of Cords Cable 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 %
14.92 36.79%(GM Decrease) 16.37 176.54%(GM Increase) 13.88 80.35%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 36.79% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 14.92% GM decrease, as the company reported 25.64% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 40.56% GM.
The result also indicates, the company's GM increased by 176.54% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 16.37% GM increase; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 9.27% GM.
The company also reported that its GM increased by 80.35% in 6 months end(April, 2020 - September, 2020) for 13.88% GM increase, since the company reported 31.16% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 17.28% GM.

EBITDA Reported by Cords Cable 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)
9.15 5.67 11.62 14.83 21.91
Calculated EBITDA of Cords Cable 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 %
3.48 61.38%(EBITDA Increase) 2.47 21.26%(EBITDA Decrease) 7.08 32.31%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 61.38% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.3.48 crores, as the company posted EBITDA of Rs.9.15 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.5.67 crores.
The result also shows that the company's EBITDA decreased by 21.26% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA decrease of Rs.2.47 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.11.62 crores.
The company also reported that its EBITDA decreased by 32.31% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.7.08 crores, since the company reported EBITDA of Rs.14.83 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.21.91 crores.

Profit and Loss Reported by Cords Cable 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)
1.00(Profit ) 0.12(Profit ) 2.23(Profit ) 1.12(Profit ) 3.82(Profit )
Calculated Profit and Loss of Cords Cable 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 %
0.88 733.33%(Profit Increase) 1.23 55.16%(Profit Decrease) 2.70 70.68%(Profit Decrease)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 733.33% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.0.88 crore, as the company posted profit of Rs.1.00 crore; in compare to previous quarter(April, 2020 - June, 2020) when the company reported profit of Rs.0.12 crore.
The result also shows that the company's profit decreased by 55.16% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit decrease of Rs.1.23 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.2.23 crores.
The company also reported that its profit decreased by 70.68% in 6 months end(April, 2020 - September, 2020) for profit decrease of Rs.2.70 crores, since the company reported profit of Rs.1.12 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.3.82 crores.

EPS Reported by Cords Cable 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)
0.75 0.07 1.72 0.82 2.96
Calculated EPS of Cords Cable 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 %
0.68 971.43%(EPS Increase) 0.97 56.40%(EPS Decrease) 2.14 72.30%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 971.43% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.0.68, as the company posted EPS of Rs.0.75; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EPS of Rs.0.07.
The result also shows that the company's EPS decreased by 56.40% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.0.97; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.1.72.
The company also reported that its EPS decreased by 72.30% in 6 months end(April, 2020 - September, 2020) for EPS decrease of Rs.2.14, since the company reported EPS of Rs.0.82; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.2.96.

Assets Reported by Cords Cable 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 95.35 97.71 189.77 217.55
  Change Change % Change Change %
Calculated 2.36 2.42%(Assets Decrease) 27.78 12.77%(Assets Decrease)

Assets:The company reported its non-current assets decreased by 2.42% in current quarter(September, 2020) for non-current assets decrease of Rs.2.36 crores, since the company reported net non-current assets of Rs.95.35 crores; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.97.71 crores.
The balance sheet of the company also shows that, its current assets decreased by 12.77% in current quarter(September, 2020) for current assets decrease of Rs.27.78 crores, as the company reported net current assets of Rs.189.77 crores; against previous year end(March, 2020) when the company reported net current assets of Rs.217.55 crores.

Liabilities Reported by Cords Cable 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 19.19 19.09 123.57 154.87
  Change Change % Change Change %
Calculated 0.10 0.52%(Liabilities Increase) 31.30 20.21%(Liabilities Decrease)

Liabilities:The company reported its non-current liabilities increased by 0.52% in current quarter(September, 2020) for non-current liabilities increase of Rs.0.10 crore, since the company reported net non-current liabilities of Rs.19.19 crores; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.19.09 crores.
The balance sheet of the company also shows that, its current liabilities decreased by 20.21% in current quarter(September, 2020) for current liabilities decrease of Rs.31.30 crores, as the company reported net current liabilities of Rs.123.57 crores; against previous year end(March, 2020) when the company reported net current liabilities of Rs.154.87 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.