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Sheela Foam Ltd Q1 consolidated net profit slides to Rs. 11.80 crore



Posted On : 2020-08-20 16:53:58( TIMEZONE : IST )

Sheela Foam Ltd Q1 consolidated net profit slides to Rs. 11.80 crore

Sheela Foam Ltd has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.279.81 crores during the period ended June 30, 2020 as compared to Rs.516.28 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.11.80 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.32.18 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.2.42 for the period ended June 30, 2020 as compared to Rs.6.60 for the period ended March 31, 2020.

FinancialsQ1 FY2020-21Q4 FY19-20% Change
Total Income₹ 279.81 crs₹ 516.28 crsDown Tick -45.8%
Net Profit₹ 11.80 crs₹ 32.18 crsDown Tick -63.33%
EPS₹ 2.42₹ 6.60Down Tick -63.33%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.279.81 crores during the period ended June 30, 2020 as compared to Rs.523.50 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.11.80 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.38.72 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.2.42 for the period ended June 30, 2020 as compared to Rs.7.94 for the period ended June 30, 2019.

FinancialsQ1 FY2020-21Q1 FY2019-20% Change
Total Income₹ 279.81 crs₹ 523.50 crsDown Tick -46.55%
Net Profit₹ 11.80 crs₹ 38.72 crsDown Tick -69.52%
EPS₹ 2.42₹ 7.94Down Tick -69.52%

Consolidated:

During this quarter, for first two months there was hardly any sales in India due to lockdown. Sheela Foam Limited posted Consolidated Revenue from operations of Rs. 269 crores compared to Rs.514 crores of QIFY 20. EBITDA for Q1Y21 was Rs. 28 crores, as against Rs. 62 crores of corresponding quarter. Net profit (PAT) for Q1Y21 was Rs. 12 crores, as compared to Rs. 39 crores of corresponding quarter.

Standalone India:

During the quarter, the Revenue from operations on standalone basis was Rs. 127 crores compared to Rs. 436 crores of Q1IFY20. The EBITDA for the quarter was Rs. 1 crore as compared to RS. 53 of corresponding quarter. The Net Profit (PAT) for Q1FY21 was Rs. 2 crores as compared to Rs. 35 crores of corresponding quarter. Company could remain profitable, despite very low sales, due to control on expenses.

Standalone Australia:

During this quarter, Revenue from operations from Australia was Rs. 82 crores compared to Rs. 79 crores of Q1FY20. The EBITDA increased to Rs. 13 crores fram Rs. 8 crores of corresponding quarter (Due to change in Accounting Standard in Australia) and the Net Profit (PAT) was Rs. 4 crores which was at par with the PAT of corresponding quarter.

Standalone Spain

The Revenue from operations were Rs. 60 crores, with an EBITDA of Rs. 11 crores (18%) and Net Profit of Rs. 7 crores (11%).

Shares of Sheela Foam Ltd was last trading in BSE at Rs.1435 as compared to the previous close of Rs. 1370.4. The total number of shares traded during the day was 2175 in over 281 trades.

The stock hit an intraday high of Rs. 1435 and intraday low of 1345.9. The net turnover during the day was Rs. 3022835.

Source : Equity Bulls

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