Bhagyanagar India profit increases 545.49% in (Q2) FY 2020-21

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Team Infinities:

Bhagyanagar India Limited NSE Symbol:BHAGYANGR, BSE Security Code:512296 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 Bhagyanagar India 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)
1803.65 836.43 1037.81 2640.09 2366.18
Calculated Revenue of Bhagyanagar India 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 %
967.22 115.64%(Revenue Increase) 765.84 73.79%(Revenue Increase) 273.91 11.58%(Revenue Increase)

Revenue: Bhagyanagar India Limited's financial report shows that the company's revenue increased by 115.64% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.967.22 millions, as the company posted revenue of Rs.1803.65 millions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.836.43 millions.
The result also shows that the company's revenue increased by 73.79% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue increase of Rs.765.84 millions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.1037.81 millions.
The company also reported that its revenue increased by 11.58% in 6 months end(April, 2020 - September, 2020) for revenue increase of Rs.273.91 millions, since the company reported revenue of Rs.2640.09 millions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.2366.18 millions.

Gross Margin(%) Reported by Bhagyanagar India 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)
5.11 37.12(Negative) 14.90(Negative) 8.25(Negative) 7.60
Calculated Gross Margin(%) of Bhagyanagar India 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 %
42.23 113.76%(GM Increase) 20.00 134.29%(GM Increase) 15.85 208.56%(GM Decrease)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM increased by 113.76% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 42.23% GM increase, as the company reported 5.11% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 37.12% Negative GM.
The result also indicates, the company's GM increased by 134.29% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 20.00% GM increase; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 14.90% Negative GM.
The company also reported that its GM decreased by 208.56% in 6 months end(April, 2020 - September, 2020) for 15.85% GM decrease, since the company reported 8.25% Negative GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 7.60% GM.

EBITDA Reported by Bhagyanagar India 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)
44.60 31.78 48.49 76.37 96.56
Calculated EBITDA of Bhagyanagar India 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 %
12.82 40.34%(EBITDA Increase) 3.89 8.02%(EBITDA Decrease) 20.19 20.91%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 40.34% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.12.82 millions, as the company posted EBITDA of Rs.44.60 millions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.31.78 millions.
The result also shows that the company's EBITDA decreased by 8.02% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA decrease of Rs.3.89 millions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.48.49 millions.
The company also reported that its EBITDA decreased by 20.91% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.20.19 millions, since the company reported EBITDA of Rs.76.37 millions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.96.56 millions.

Profit and Loss Reported by Bhagyanagar India 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)
15.04(Profit ) 2.33(Profit ) 8.08(Profit ) 14.77(Profit ) 16.62(Profit )
Calculated Profit and Loss of Bhagyanagar India 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 %
12.71 545.49%(Profit Increase) 6.96 86.14%(Profit Increase) 1.85 11.13%(Profit Decrease)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 545.49% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.12.71 millions, as the company posted profit of Rs.15.04 millions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported profit of Rs.2.33 millions.
The result also shows that the company's profit increased by 86.14% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit increase of Rs.6.96 millions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.8.08 millions.
The company also reported that its profit decreased by 11.13% in 6 months end(April, 2020 - September, 2020) for profit decrease of Rs.1.85 millions, since the company reported profit of Rs.14.77 millions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.16.62 millions.

EPS Reported by Bhagyanagar India 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)
0.47 0.07 0.25 0.46 0.52
Calculated EPS of Bhagyanagar India 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 %
0.40 571.43%(EPS Increase) 0.22 88.00%(EPS Increase) 0.06 11.54%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 571.43% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.0.40, as the company posted EPS of Rs.0.47; 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 increased by 88.00% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS increase of Rs.0.22; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.0.25.
The company also reported that its EPS decreased by 11.54% in 6 months end(April, 2020 - September, 2020) for EPS decrease of Rs.0.06, since the company reported EPS of Rs.0.46; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.0.52.

Assets Reported by Bhagyanagar India 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 842.63 839.81 1500.52 1194.17
  Change Change % Change Change %
Calculated 2.82 0.34%(Assets Increase) 306.35 25.65%(Assets Increase)

Assets:The company reported its non-current assets increased by 0.34% in current quarter(September, 2020) for non-current assets increase of Rs.2.82 millions, since the company reported net non-current assets of Rs.842.63 millions; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.839.81 millions.
The balance sheet of the company also shows that, its current assets increased by 25.65% in current quarter(September, 2020) for current assets increase of Rs.306.35 millions, as the company reported net current assets of Rs.1500.52 millions; against previous year end(March, 2020) when the company reported net current assets of Rs.1194.17 millions.

Liabilities Reported by Bhagyanagar India 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 133.50 213.09 965.35 591.36
  Change Change % Change Change %
Calculated 79.59 37.35%(Liabilities Decrease) 373.99 63.24%(Liabilities Increase)

Liabilities:The company reported its non-current liabilities decreased by 37.35% in current quarter(September, 2020) for non-current liabilities decrease of Rs.79.59 millions, since the company reported net non-current liabilities of Rs.133.50 millions; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.213.09 millions.
The balance sheet of the company also shows that, its current liabilities increased by 63.24% in current quarter(September, 2020) for current liabilities increase of Rs.373.99 millions, as the company reported net current liabilities of Rs.965.35 millions; against previous year end(March, 2020) when the company reported net current liabilities of Rs.591.36 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.

 

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