Riddhi Siddhi Gluco Biols loss increases by 59.81% in (Q2) FY 2020-21

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Team Infinities:

Riddhi Siddhi Gluco Biols Limited BSE Security Code:524480 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 Riddhi Siddhi Gluco Biols 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)
132.24 63.00 107.51 195.24 218.77
Calculated Revenue of Riddhi Siddhi Gluco Biols 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 %
69.24 109.90%(Revenue Increase) 24.73 23.00%(Revenue Increase) 23.53 10.76%(Revenue Decrease)

Revenue: Riddhi Siddhi Gluco Biols Limited's financial report shows that the company's revenue increased by 109.90% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.69.24 crores, as the company posted revenue of Rs.132.24 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.63.00 crores.
The result also shows that the company's revenue increased by 23.00% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue increase of Rs.24.73 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.107.51 crores.
The company also reported that its revenue decreased by 10.76% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.23.53 crores, since the company reported revenue of Rs.195.24 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.218.77 crores.

Gross Margin(%) Reported by Riddhi Siddhi Gluco Biols 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)
83.42 244.22(Negative) 33.04 17.40(Negative) 0.38
Calculated Gross Margin(%) of Riddhi Siddhi Gluco Biols 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 %
327.65 134.16%(GM Increase) 50.39 152.51%(GM Increase) 17.78 4646.20%(GM Decrease)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM increased by 134.16% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 327.65% GM increase, as the company reported 83.42% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 244.22% Negative GM.
The result also indicates, the company's GM increased by 152.51% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 50.39% GM increase; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 33.04% GM.
The company also reported that its GM decreased by 4646.20% in 6 months end(April, 2020 - September, 2020) for 17.78% GM decrease, since the company reported 17.40% Negative GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 0.38% GM.

EBITDA Reported by Riddhi Siddhi Gluco Biols 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)
7.77 8.35 21.92 16.12 44.87
Calculated EBITDA of Riddhi Siddhi Gluco Biols 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 %
0.58 6.95%(EBITDA Decrease) 14.15 64.55%(EBITDA Decrease) 28.75 64.07%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA decreased by 6.95% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA decrease of Rs.0.58 crore, as the company posted EBITDA of Rs.7.77 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.8.35 crores.
The result also shows that the company's EBITDA decreased by 64.55% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA decrease of Rs.14.15 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.21.92 crores.
The company also reported that its EBITDA decreased by 64.07% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.28.75 crores, since the company reported EBITDA of Rs.16.12 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.44.87 crores.

Profit and Loss Reported by Riddhi Siddhi Gluco Biols 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)
16.54(Loss ) 10.35(Loss ) 1.38(Profit ) 26.89(Loss ) 2.27(Profit )
Calculated Profit and Loss of Riddhi Siddhi Gluco Biols 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 %
6.19 59.81%(Loss Increase) 17.92 1298.55%(Loss Increase) 29.16 1284.58%(Loss Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's loss increased by 59.81% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for loss increase of Rs.6.19 crores, as the company posted loss of Rs.16.54 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported loss of Rs.10.35 crores.
The result also shows that the company's loss increased by 1298.55% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for loss increase of Rs.17.92 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.1.38 crores.
The company also reported that its loss increased by 1284.58% in 6 months end(April, 2020 - September, 2020) for loss increase of Rs.29.16 crores, since the company reported loss of Rs.26.89 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.2.27 crores.

EPS Reported by Riddhi Siddhi Gluco Biols 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)
14.58(Negative) 8.07(Negative) 6.15 22.66(Negative) 11.50
Calculated EPS of Riddhi Siddhi Gluco Biols 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 %
6.51 80.67%(EPS Decrease) 20.73 337.07%(EPS Decrease) 34.16 297.04%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS decreased by 80.67% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.6.51, as the company posted Negative EPS of Rs.14.58; in compare to previous quarter(April, 2020 - June, 2020) when the company reported Negative EPS of Rs.8.07.
The result also shows that the company's EPS decreased by 337.07% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.20.73; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.6.15.
The company also reported that its EPS decreased by 297.04% in 6 months end(April, 2020 - September, 2020) for EPS decrease of Rs.34.16, since the company reported Negative EPS of Rs.22.66; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.11.50.

Assets Reported by Riddhi Siddhi Gluco Biols 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 1010.36 1007.31 1018.97 983.45
  Change Change % Change Change %
Calculated 3.05 0.30%(Assets Increase) 35.52 3.61%(Assets Increase)

Assets:The company reported its non-current assets increased by 0.30% in current quarter(September, 2020) for non-current assets increase of Rs.3.05 crores, since the company reported net non-current assets of Rs.1010.36 crores; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.1007.31 crores.
The balance sheet of the company also shows that, its current assets increased by 3.61% in current quarter(September, 2020) for current assets increase of Rs.35.52 crores, as the company reported net current assets of Rs.1018.97 crores; against previous year end(March, 2020) when the company reported net current assets of Rs.983.45 crores.

Liabilities Reported by Riddhi Siddhi Gluco Biols 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 91.38 93.00 374.26 339.76
  Change Change % Change Change %
Calculated 1.62 1.74%(Liabilities Decrease) 34.50 10.15%(Liabilities Increase)

Liabilities:The company reported its non-current liabilities decreased by 1.74% in current quarter(September, 2020) for non-current liabilities decrease of Rs.1.62 crores, since the company reported net non-current liabilities of Rs.91.38 crores; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.93.00 crores.
The balance sheet of the company also shows that, its current liabilities increased by 10.15% in current quarter(September, 2020) for current liabilities increase of Rs.34.50 crores, as the company reported net current liabilities of Rs.374.26 crores; against previous year end(March, 2020) when the company reported net current liabilities of Rs.339.76 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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