Bharat Road Network loss decreases by 17.74% in (Q2) FY 2020-21

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Team Infinities:

Bharat Road Network Limited NSE Symbol:BRNL, BSE Security Code:540700 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 Bharat Road Network 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)
50.50 51.49 104.86 102.00 207.36
Calculated Revenue of Bharat Road Network 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 %
0.99 1.92%(Revenue Decrease) 54.36 51.84%(Revenue Decrease) 105.36 50.81%(Revenue Decrease)

Revenue: Bharat Road Network Limited's financial report shows that the company's revenue decreased by 1.92% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.0.99 crore, as the company posted revenue of Rs.50.50 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.51.49 crores.
The result also shows that the company's revenue decreased by 51.84% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.54.36 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.104.86 crores.
The company also reported that its revenue decreased by 50.81% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.105.36 crores, since the company reported revenue of Rs.102.00 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.207.36 crores.

EBITDA Reported by Bharat Road Network 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)
24.93 35.90 68.03 60.84 132.64
Calculated EBITDA of Bharat Road Network 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 %
10.97 30.56%(EBITDA Decrease) 43.10 63.35%(EBITDA Decrease) 71.80 54.13%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA decreased by 30.56% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA decrease of Rs.10.97 crores, as the company posted EBITDA of Rs.24.93 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.35.90 crores.
The result also shows that the company's EBITDA decreased by 63.35% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA decrease of Rs.43.10 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.68.03 crores.
The company also reported that its EBITDA decreased by 54.13% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.71.80 crores, since the company reported EBITDA of Rs.60.84 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.132.64 crores.

Profit and Loss Reported by Bharat Road Network 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)
32.79(Loss ) 39.86(Loss ) 1.25(Loss ) 72.65(Loss ) 12.46(Profit )
Calculated Profit and Loss of Bharat Road Network 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 %
7.07 17.74%(Loss Decrease) 31.54 2523.20%(Loss Increase) 85.11 683.07%(Loss Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's loss decreased by 17.74% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for loss decrease of Rs.7.07 crores, as the company posted loss of Rs.32.79 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported loss of Rs.39.86 crores.
The result also shows that the company's loss increased by 2523.20% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for loss increase of Rs.31.54 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted loss of Rs.1.25 crores.
The company also reported that its loss increased by 683.07% in 6 months end(April, 2020 - September, 2020) for loss increase of Rs.85.11 crores, since the company reported loss of Rs.72.65 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.12.46 crores.

EPS Reported by Bharat Road Network 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)
3.55(Negative) 6.12(Negative) 0.35 9.67(Negative) 1.57
Calculated EPS of Bharat Road Network 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 %
2.57 41.99%(EPS Increase) 3.90 1114.29%(EPS Decrease) 11.24 715.92%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 41.99% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.2.57, as the company posted Negative EPS of Rs.3.55; in compare to previous quarter(April, 2020 - June, 2020) when the company reported Negative EPS of Rs.6.12.
The result also shows that the company's EPS decreased by 1114.29% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.3.90; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.0.35.
The company also reported that its EPS decreased by 715.92% in 6 months end(April, 2020 - September, 2020) for EPS decrease of Rs.11.24, since the company reported Negative EPS of Rs.9.67; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.1.57.

Assets Reported by Bharat Road Network 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 2546.32 2611.53 859.70 712.06
  Change Change % Change Change %
Calculated 65.21 2.50%(Assets Decrease) 147.64 20.73%(Assets Increase)

Assets:The company reported its non-current assets decreased by 2.50% in current quarter(September, 2020) for non-current assets decrease of Rs.65.21 crores, since the company reported net non-current assets of Rs.2546.32 crores; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.2611.53 crores.
The balance sheet of the company also shows that, its current assets increased by 20.73% in current quarter(September, 2020) for current assets increase of Rs.147.64 crores, as the company reported net current assets of Rs.859.70 crores; against previous year end(March, 2020) when the company reported net current assets of Rs.712.06 crores.

Liabilities Reported by Bharat Road Network 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 1833.55 1599.49 543.19 613.21
  Change Change % Change Change %
Calculated 234.06 14.63%(Liabilities Increase) 70.02 11.42%(Liabilities Decrease)

Liabilities:The company reported its non-current liabilities increased by 14.63% in current quarter(September, 2020) for non-current liabilities increase of Rs.234.06 crores, since the company reported net non-current liabilities of Rs.1833.55 crores; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.1599.49 crores.
The balance sheet of the company also shows that, its current liabilities decreased by 11.42% in current quarter(September, 2020) for current liabilities decrease of Rs.70.02 crores, as the company reported net current liabilities of Rs.543.19 crores; against previous year end(March, 2020) when the company reported net current liabilities of Rs.613.21 crores.

 


***All amounts are given in Crore Indian Rupees(INR) except EPS (Earnings per share) which are in Indian Rupees(INR) only.***
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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