GSS Infotech posts loss of Rs.2.63 crores in (Q2) FY 2020-21

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Team Infinities:

GSS Infotech Limited NSE Symbol:GSS, BSE Security Code:532951 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 GSS Infotech 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)
30.93 29.32 34.95 60.25 72.53
Calculated Revenue of GSS Infotech 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 %
1.61 5.49%(Revenue Increase) 4.02 11.50%(Revenue Decrease) 12.28 16.93%(Revenue Decrease)

Revenue: GSS Infotech Limited's financial report shows that the company's revenue increased by 5.49% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.1.61 crores, as the company posted revenue of Rs.30.93 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.29.32 crores.
The result also shows that the company's revenue decreased by 11.50% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.4.02 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.34.95 crores.
The company also reported that its revenue decreased by 16.93% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.12.28 crores, since the company reported revenue of Rs.60.25 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.72.53 crores.

EBITDA Reported by GSS Infotech 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)
1.90(Negative) 0.58(Negative) 6.26 0.74(Negative) 11.39
Calculated EBITDA of GSS Infotech 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 %
1.32 227.59%(EBITDA Decrease) 8.16 130.35%(EBITDA Decrease) 12.13 106.50%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA decreased by 227.59% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA decrease of Rs.1.32 crores, as the company posted Negative EBITDA of Rs.1.90 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported Negative EBITDA of Rs.0.58 crore.
The result also shows that the company's EBITDA decreased by 130.35% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA decrease of Rs.8.16 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.6.26 crores.
The company also reported that its EBITDA decreased by 106.50% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.12.13 crores, since the company reported Negative EBITDA of Rs.0.74 crore; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.11.39 crores.

Profit and Loss Reported by GSS Infotech 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)
2.63(Loss ) 0.20(Profit ) 2.16(Profit ) 2.42(Loss ) 2.23(Profit )
Calculated Profit and Loss of GSS Infotech 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 %
2.83 1415.00%(Loss Increase) 4.79 221.76%(Loss Increase) 4.65 208.52%(Loss Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's loss increased by 1415.00% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for loss increase of Rs.2.83 crores, as the company posted loss of Rs.2.63 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported profit of Rs.0.20 crore.
The result also shows that the company's loss increased by 221.76% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for loss increase of Rs.4.79 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.2.16 crores.
The company also reported that its loss increased by 208.52% in 6 months end(April, 2020 - September, 2020) for loss increase of Rs.4.65 crores, since the company reported loss of Rs.2.42 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.2.23 crores.

EPS Reported by GSS Infotech 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)
1.15(Negative) 0.56(Negative) 0.71 1.71(Negative) 1.72
Calculated EPS of GSS Infotech 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 %
0.59 105.36%(EPS Decrease) 1.86 261.97%(EPS Decrease) 3.43 199.42%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS decreased by 105.36% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.0.59, as the company posted Negative EPS of Rs.1.15; in compare to previous quarter(April, 2020 - June, 2020) when the company reported Negative EPS of Rs.0.56.
The result also shows that the company's EPS decreased by 261.97% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.1.86; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.0.71.
The company also reported that its EPS decreased by 199.42% in 6 months end(April, 2020 - September, 2020) for EPS decrease of Rs.3.43, since the company reported Negative EPS of Rs.1.71; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.1.72.

Assets Reported by GSS Infotech 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 116.41 118.88 65.40 54.30
  Change Change % Change Change %
Calculated 2.47 2.08%(Assets Decrease) 11.10 20.44%(Assets Increase)

Assets:The company reported its non-current assets decreased by 2.08% in current quarter(September, 2020) for non-current assets decrease of Rs.2.47 crores, since the company reported net non-current assets of Rs.116.41 crores; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.118.88 crores.
The balance sheet of the company also shows that, its current assets increased by 20.44% in current quarter(September, 2020) for current assets increase of Rs.11.10 crores, as the company reported net current assets of Rs.65.40 crores; against previous year end(March, 2020) when the company reported net current assets of Rs.54.30 crores.

Liabilities Reported by GSS Infotech 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 0.13 0.13 44.70 30.74
  Change Change % Change Change %
Calculated 0.00 0.00%(Liabilities Unchange) 13.96 45.41%(Liabilities Increase)

Liabilities:The company reported its non-current liabilities neither increased nor decreased in current quarter(September, 2020), since the company reported net non-current liabilities of Rs.0.13 crore; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.0.13 crore also.
The balance sheet of the company also shows that, its current liabilities increased by 45.41% in current quarter(September, 2020) for current liabilities increase of Rs.13.96 crores, as the company reported net current liabilities of Rs.44.70 crores; against previous year end(March, 2020) when the company reported net current liabilities of Rs.30.74 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.