Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Singer Home Appliance sales surge 17.2%

Posted On: 2020-06-29 21:42:19


The sales of Singer India Limited's Home Appliance surged by 17.2% in FY 19-20 and accounted for 37% of the total revenue as against 30% in FY 18-19. The Sewing Machine sales declined due to lower government related which dropped from Rs.64 crores in FY 18-19 to Rs.15 crores in FY 19-20. Sewing sales in the retail and trade channels remained consistent with the prior year.

The profit contribution from the Home Appliance sales also increased significantly to Rs. 1.2 crores in FY 19-20 against Rs. 12 lacs in FY 18-19.

The total revenue in FY 19-20 was impacted by the Covid pandemic lockdown in mid- March and at Rs. 451 crores was 6.6% lower than the prior year.

EBITDA increased 9.3% to Rs. 18.45 crores in FY 19-20 as against Rs. 16.89 crores in FY 18-19. However, Profit After Tax was slightly down at Rs. 8.12 Crores in FY 19-20 as against Rs. 9.26 crores in FY 18-19 primarily due to sales lost due to the Covid lockdown and higher interest costs.

In view of the uncertainty related to Covid Pandemic, the Board has resolved not to recommend dividend for FY19-20. However, the Board will certainly consider recommending interim dividend/s in the months ahead depending upon the timing and success of the Covid recovery.

Rajeev Bajaj, Managing Director, Singer India Limited commented 2020 will forever be remembered as the year of the Covid Pandemic. This has impacted almost every corner of the globe. At the onset of the pandemic, Singer India immediately set about reorganizing its business to contain costs and improve the working capital cycle. Thankfully, the sales recovery is now ahead of our expectations. This was due to the hard work and sacrifice of the Singer management and staff, despite the significant challenges that presented themselves."

Shares of SINGER INDIA LTD. was last trading in BSE at Rs.26.05 as compared to the previous close of Rs. 26.6. The total number of shares traded during the day was 36336 in over 149 trades.

The stock hit an intraday high of Rs. 27 and intraday low of 25.4. The net turnover during the day was Rs. 937755.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

HeidelbergCement India Ltd board to announce quarterly results on July 22, 2020

Asahi Songwon Colors Ltd board to approve Q1FY21 results on July 21, 2020

Mr. Subramanian Sarma Inducted as Executive Director on L&T Board, Mr. S V Desai & Mr. T Madhava Das elevated

Glenmark commences 1000 patients Post Marketing Surveillance study with COVID-19 who are administered FabiFlu®

Quick Heal redefines Consumer Security in India

CARE reaffirms rating of Bhageria Industries Limited

Adani Ports and Special Economic Zone Limited updates on ratings from global rating agencies

Birlasoft intelliOpen™ supports safe return-to-work strategies

Morgan Stanley to Consolidate Mumbai GIC operations to a Single Campus at Oberoi Realty's Commerz III Building in Goregaon

Steel Strips Wheels Ltd receives new orders from EU and USA

MBL Infrastructures Ltd gets three favorable arbitration awards

Gitanjali Gems Ltd to be liquidated

Qualcomm Ventures to invest Rs. 730 crore in Jio Platforms

Aarti Surfactants Limited to list on July 14, 2020

Hindustan Unilever Ltd board to consider quarterly results on July 21, 2020

Avenue Supermarts Ltd reports earnings for Q1FY21

Clariant Chemicals' declares Special Interim Dividend of Rs. 140/- per share

Coastal Corporation Limited announces earnings for Q4FY2020

Fitch Affirms Glenmark Pharmaceuticals at 'BB'; Withdraws Proposed Bond Rating

Deccan Health Care Ltd receives HealthCare Excellence Award 2020

SORIL Infra Resources Ltd Q4 FY2020 consolidated loss at Rs. 1.12 crore

Indiabulls Integrated Services Ltd Q4 consolidated loss at Rs. 51.66 crore

Indian Toners & Developers Ltd Q4 consolidated net profit at Rs. 2.82 crore

Coastal Corporation Ltd Q4FY20 consolidated PAT slides to Rs. 1.62 crore

Shahlon Silk Industries Ltd board recommends dividend of Rs. 0.25

ICRA reaffirms long term ratings of Shalby Limited

Polychem Ltd board recommends dividend of Rs. 12.5 for FY20

Polychem Ltd Q4FY20 consolidated net profit lower at Rs. 0.58 crore

Biocon's Breakthrough Drug Itolizumab Receives DCGI Nod for its Use in Moderate to Severe COVID-19 Patients

Vardhman Polytex Limited in negotiation with banks for OTS

IIFL Securities Ltd board to approve Q1FY2021 results on July 18, 2020

Galaxy Surfactants Limited restarts operations at Tarapur Unit

Chembond Chemicals Ltd posts Rs. 4.03 crore PAT in Q1 FY21

Avenue Supermarts Ltd Q1FY21 consolidated PAT slumps to Rs. 38.98 crore

Clariant Chemicals (India) Limited board approves special interim dividend of Rs. 140

PDS Multinational Fashions Ltd posts Rs. 16.90 crore consolidated PAT in Q4 FY20

Old National Bank and Infosys Forge Digital Transformation Partnership

Dhanuka Agritech Ltd board to announce Q1FY21 results on July 22, 2020

HDFC ERGO Launches Corona Kavach Policy

Karnataka Bank reports earnings for Q1FY21

Gujarat Narmada Valley Fertilizers and Chemicals Ltd Board recommends Dividend of Rs. 5 for FY20

IRB Infra enters Eastern India territory

ITC Ltd board to announce Q1FY21 results on July 24, 2020

Manappuram Finance Ltd raises Rs. 178 crore through NCDs

BASF India Limited approves acquisition of BASF Performance Polyamides

Goa Carbon Ltd resumes operations at Goa plant from July 9, 2020

IRCTC board recommends final dividend of Rs. 2.50 for FY20

Ircon International Limited board recommends final dividend of Rs. 2.06

Rajapalayam Mills Ltd board to consider 1st quarter results on Aug 12, 2020

G N A Axles Ltd board to approve Q1FY21 results on July 17, 2020







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019