Stock Report

TPL Plastech Ltd posts Rs. 0.29 crore net profit in Q1



Posted On : 2020-08-27 21:49:25( TIMEZONE : IST )

TPL Plastech Ltd posts Rs. 0.29 crore net profit in Q1

TPL PLASTECH 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.25.22 crores during the period ended June 30, 2020 as compared to Rs.50.47 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.0.29 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.2.07 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.0.38 for the period ended June 30, 2020 as compared to Rs.2.66 for the period ended March 31, 2020.

FinancialsQ1 FY2020-21Q4 FY19-20% Change
Total Income₹ 25.22 crs₹ 50.47 crsDown Tick -50.03%
Net Profit₹ 0.29 crs₹ 2.07 crsDown Tick -85.99%
EPS₹ 0.38₹ 2.66Down Tick -85.71%

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

The company has reported total income of Rs.25.22 crores during the period ended June 30, 2020 as compared to Rs.53.61 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.0.29 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.3.37 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.0.38 for the period ended June 30, 2020 as compared to Rs.4.33 for the period ended June 30, 2019.

FinancialsQ1 FY2020-21Q1 FY2019-20% Change
Total Income₹ 25.22 crs₹ 53.61 crsDown Tick -52.96%
Net Profit₹ 0.29 crs₹ 3.37 crsDown Tick -91.39%
EPS₹ 0.38₹ 4.33Down Tick -91.22%

During the Quarter (Q1FY21), almost entire month of April & Half of May was lost owing to the lockdown imposed due to COVID-19 pandemic. The performance of Q1FY21 is in line with corresponding quarter of previous year, as the company operated for half of the quarter and generated 50% revenue of the corresponding quarter of last year. This is quite appreciable considering the current pandemic situation.

Shares of TPL PLASTECH LTD. was last trading in BSE at Rs.140.3 as compared to the previous close of Rs. 141.55. The total number of shares traded during the day was 3754 in over 136 trades.

The stock hit an intraday high of Rs. 150 and intraday low of 135. The net turnover during the day was Rs. 526320.

Source : Equity Bulls

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