Ador Welding loss increases by 2868.42% in (Q2) FY 2020-21

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Team Infinities:

Ador Welding Limited NSE Symbol:ADORWELD, BSE Security Code:517041 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 Ador Welding 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)
96.52 57.12 131.56 154.07 263.99
Calculated Revenue of Ador Welding 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 %
39.40 68.98%(Revenue Increase) 35.04 26.63%(Revenue Decrease) 109.92 41.64%(Revenue Decrease)

Revenue: Ador Welding Limited's financial report shows that the company's revenue increased by 68.98% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.39.40 crores, as the company posted revenue of Rs.96.52 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.57.12 crores.
The result also shows that the company's revenue decreased by 26.63% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.35.04 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.131.56 crores.
The company also reported that its revenue decreased by 41.64% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.109.92 crores, since the company reported revenue of Rs.154.07 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.263.99 crores.

Gross Margin(%) Reported by Ador Welding 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)
15.86 22.13 27.34 18.14 25.47
Calculated Gross Margin(%) of Ador Welding 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 %
6.26 28.31%(GM Decrease) 11.48 41.98%(GM Decrease) 7.33 28.78%(GM Decrease)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 28.31% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 6.26% GM decrease, as the company reported 15.86% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 22.13% GM.
The result also indicates, the company's GM decreased by 41.98% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 11.48% GM decrease; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 27.34% GM.
The company also reported that its GM decreased by 28.78% in 6 months end(April, 2020 - September, 2020) for 7.33% GM decrease, since the company reported 18.14% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 25.47% GM.

EBITDA Reported by Ador Welding 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)
4.27(Negative) 4.76 12.99 0.50 24.21
Calculated EBITDA of Ador Welding 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 %
9.03 189.71%(EBITDA Decrease) 17.26 132.87%(EBITDA Decrease) 23.71 97.93%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA decreased by 189.71% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA decrease of Rs.9.03 crores, as the company posted Negative EBITDA of Rs.4.27 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.4.76 crores.
The result also shows that the company's EBITDA decreased by 132.87% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA decrease of Rs.17.26 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.12.99 crores.
The company also reported that its EBITDA decreased by 97.93% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.23.71 crores, since the company reported EBITDA of Rs.0.50 crore; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.24.21 crores.

Profit and Loss Reported by Ador Welding 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)
5.64(Loss ) 0.19(Loss ) 9.46(Profit ) 5.82(Loss ) 13.30(Profit )
Calculated Profit and Loss of Ador Welding 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 %
5.45 2868.42%(Loss Increase) 15.10 159.62%(Loss Increase) 19.12 143.76%(Loss Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's loss increased by 2868.42% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for loss increase of Rs.5.45 crores, as the company posted loss of Rs.5.64 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported loss of Rs.0.19 crore.
The result also shows that the company's loss increased by 159.62% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for loss increase of Rs.15.10 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.9.46 crores.
The company also reported that its loss increased by 143.76% in 6 months end(April, 2020 - September, 2020) for loss increase of Rs.19.12 crores, since the company reported loss of Rs.5.82 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.13.30 crores.

EPS Reported by Ador Welding 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)
4.15(Negative) 0.14(Negative) 6.96 4.28(Negative) 9.78
Calculated EPS of Ador Welding 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 %
4.01 2864.29%(EPS Decrease) 11.11 159.63%(EPS Decrease) 14.06 143.76%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS decreased by 2864.29% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.4.01, as the company posted Negative EPS of Rs.4.15; in compare to previous quarter(April, 2020 - June, 2020) when the company reported Negative EPS of Rs.0.14.
The result also shows that the company's EPS decreased by 159.63% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.11.11; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.6.96.
The company also reported that its EPS decreased by 143.76% in 6 months end(April, 2020 - September, 2020) for EPS decrease of Rs.14.06, since the company reported Negative EPS of Rs.4.28; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.9.78.

Assets Reported by Ador Welding 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 164.68 166.16 236.14 271.30
  Change Change % Change Change %
Calculated 1.48 0.89%(Assets Decrease) 35.16 12.96%(Assets Decrease)

Assets:The company reported its non-current assets decreased by 0.89% in current quarter(September, 2020) for non-current assets decrease of Rs.1.48 crores, since the company reported net non-current assets of Rs.164.68 crores; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.166.16 crores.
The balance sheet of the company also shows that, its current assets decreased by 12.96% in current quarter(September, 2020) for current assets decrease of Rs.35.16 crores, as the company reported net current assets of Rs.236.14 crores; against previous year end(March, 2020) when the company reported net current assets of Rs.271.30 crores.

Liabilities Reported by Ador Welding 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 7.86 11.11 151.33 178.95
  Change Change % Change Change %
Calculated 3.25 29.25%(Liabilities Decrease) 27.62 15.43%(Liabilities Decrease)

Liabilities:The company reported its non-current liabilities decreased by 29.25% in current quarter(September, 2020) for non-current liabilities decrease of Rs.3.25 crores, since the company reported net non-current liabilities of Rs.7.86 crores; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.11.11 crores.
The balance sheet of the company also shows that, its current liabilities decreased by 15.43% in current quarter(September, 2020) for current liabilities decrease of Rs.27.62 crores, as the company reported net current liabilities of Rs.151.33 crores; against previous year end(March, 2020) when the company reported net current liabilities of Rs.178.95 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.

 

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