Southern Petrochemicals Industries Corporation profit increases 174.65% in (Q2) FY 2020-21

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Team Infinities:

Southern Petrochemicals Industries Corporation Limited NSE Symbol:SPIC, BSE Security Code:590030 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 Southern Petrochemicals Industries Corporation 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)
432.89 320.62 629.51 753.52 1184.41
Calculated Revenue of Southern Petrochemicals Industries Corporation 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 %
112.27 35.02%(Revenue Increase) 196.62 31.23%(Revenue Decrease) 430.89 36.38%(Revenue Decrease)

Revenue: Southern Petrochemicals Industries Corporation Limited's financial report shows that the company's revenue increased by 35.02% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.112.27 crores, as the company posted revenue of Rs.432.89 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.320.62 crores.
The result also shows that the company's revenue decreased by 31.23% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.196.62 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.629.51 crores.
The company also reported that its revenue decreased by 36.38% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.430.89 crores, since the company reported revenue of Rs.753.52 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.1184.41 crores.

Gross Margin(%) Reported by Southern Petrochemicals Industries Corporation 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)
50.45 36.31 52.68 42.95 38.29
Calculated Gross Margin(%) of Southern Petrochemicals Industries Corporation 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 %
14.14 38.94%(GM Increase) 2.23 4.23%(GM Decrease) 4.66 12.16%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM increased by 38.94% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 14.14% GM increase, as the company reported 50.45% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 36.31% GM.
The result also indicates, the company's GM decreased by 4.23% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 2.23% GM decrease; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 52.68% GM.
The company also reported that its GM increased by 12.16% in 6 months end(April, 2020 - September, 2020) for 4.66% GM increase, since the company reported 42.95% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 38.29% GM.

EBITDA Reported by Southern Petrochemicals Industries Corporation 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)
29.06 18.50 33.27 47.56 71.40
Calculated EBITDA of Southern Petrochemicals Industries Corporation 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 %
10.56 57.08%(EBITDA Increase) 4.21 12.65%(EBITDA Decrease) 23.84 33.39%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 57.08% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.10.56 crores, as the company posted EBITDA of Rs.29.06 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.18.50 crores.
The result also shows that the company's EBITDA decreased by 12.65% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA decrease of Rs.4.21 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.33.27 crores.
The company also reported that its EBITDA decreased by 33.39% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.23.84 crores, since the company reported EBITDA of Rs.47.56 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.71.40 crores.

Profit and Loss Reported by Southern Petrochemicals Industries Corporation 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)
13.87(Profit ) 5.05(Profit ) 12.67(Profit ) 18.92(Profit ) 30.64(Profit )
Calculated Profit and Loss of Southern Petrochemicals Industries Corporation 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 %
8.82 174.65%(Profit Increase) 1.20 9.47%(Profit Increase) 11.72 38.25%(Profit Decrease)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 174.65% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.8.82 crores, as the company posted profit of Rs.13.87 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported profit of Rs.5.05 crores.
The result also shows that the company's profit increased by 9.47% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit increase of Rs.1.20 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.12.67 crores.
The company also reported that its profit decreased by 38.25% in 6 months end(April, 2020 - September, 2020) for profit decrease of Rs.11.72 crores, since the company reported profit of Rs.18.92 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.30.64 crores.

EPS Reported by Southern Petrochemicals Industries Corporation 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)
0.61 0.66 0.81 1.26 1.56
Calculated EPS of Southern Petrochemicals Industries Corporation 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 %
0.05 7.58%(EPS Decrease) 0.20 24.69%(EPS Decrease) 0.30 19.23%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS decreased by 7.58% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.0.05, as the company posted EPS of Rs.0.61; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EPS of Rs.0.66.
The result also shows that the company's EPS decreased by 24.69% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.0.20; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.0.81.
The company also reported that its EPS decreased by 19.23% in 6 months end(April, 2020 - September, 2020) for EPS decrease of Rs.0.30, since the company reported EPS of Rs.1.26; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.1.56.

Assets Reported by Southern Petrochemicals Industries Corporation 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 717.59 665.55 1264.07 1427.69
  Change Change % Change Change %
Calculated 52.04 7.82%(Assets Increase) 163.62 11.46%(Assets Decrease)

Assets:The company reported its non-current assets increased by 7.82% in current quarter(September, 2020) for non-current assets increase of Rs.52.04 crores, since the company reported net non-current assets of Rs.717.59 crores; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.665.55 crores.
The balance sheet of the company also shows that, its current assets decreased by 11.46% in current quarter(September, 2020) for current assets decrease of Rs.163.62 crores, as the company reported net current assets of Rs.1264.07 crores; against previous year end(March, 2020) when the company reported net current assets of Rs.1427.69 crores.

Liabilities Reported by Southern Petrochemicals Industries Corporation 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 37.48 30.13 1476.83 1628.39
  Change Change % Change Change %
Calculated 7.35 24.39%(Liabilities Increase) 151.56 9.31%(Liabilities Decrease)

Liabilities:The company reported its non-current liabilities increased by 24.39% in current quarter(September, 2020) for non-current liabilities increase of Rs.7.35 crores, since the company reported net non-current liabilities of Rs.37.48 crores; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.30.13 crores.
The balance sheet of the company also shows that, its current liabilities decreased by 9.31% in current quarter(September, 2020) for current liabilities decrease of Rs.151.56 crores, as the company reported net current liabilities of Rs.1476.83 crores; against previous year end(March, 2020) when the company reported net current liabilities of Rs.1628.39 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.