Century Textiles & Industries Ltd Q2FY21 consolidated net loss at Rs. 14.13 crore

CENTURY TEXTILES & INDUSTRIES LTD. has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.620.54 crores during the period ended March 31, 2020 as compared to Rs.409.74 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.(14.13) crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.(40.01) crores for the period ended December 31, 2019.

The company has reported EPS of Rs.(1.27) for the period ended March 31, 2020 as compared to Rs.(3.58) for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 620.54 crs	₹ 409.74 crs	51.45%
Net Profit	₹ (14.13) crs	₹ (40.01) crs	-64.68%
EPS	₹ (1.27)	₹ (3.58)	-64.53%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.620.54 crores during the period ended March 31, 2020 as compared to Rs.889.72 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.(14.13) crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.182.70 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.(1.27) for the period ended March 31, 2020 as compared to Rs.16.35 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 620.54 crs	₹ 889.72 crs	-30.25%
Net Profit	₹ (14.13) crs	₹ 182.70 crs	-107.73%
EPS	₹ (1.27)	₹ 16.35	-107.77%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.1030.28 crores during the 6 months period ended March 31, 2020 as compared to Rs.1774.43 crores during the 6 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.(54.14) crores for the 6 months period ended March 31, 2020 as against net profit / (loss) of Rs.247.26 crores for the 6 months period ended March 31, 2019.

The company has reported EPS of Rs.(4.85) for the 6 months period ended March 31, 2020 as compared to Rs.22.13 for the 6 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 1030.28 crs	₹ 1774.43 crs	-41.94%
Net Profit	₹ (54.14) crs	₹ 247.26 crs	-121.9%
EPS	₹ (4.85)	₹22.13	-121.92%

Commenting on the Q2 results, Mr JC Laddha MD, Century Textiles and Industries Limited (CTIL) said "The first half of FY21 has been a challenging period for all businesses due to the pandemic. CTIL's inherent resilience, strong customer relationships, diversified play, and focus on cash flows has helped tide through this period of turmoil. The company's thrust on digitization is yielding results, as demonstrated by the performance of the real estate business. The upcoming festive period presents an opportunity for our textiles business with a likely uptick in demand from the retail sector. The gradual relaxation of lockdown restrictions will have a positive impact on our Paper and Pulp business. The company continues to give utmost primacy to the safety of its employees."

Shares of CENTURY TEXTILES & INDUSTRIES LTD. was last trading in BSE at Rs.321.55 as compared to the previous close of Rs. 317.9. The total number of shares traded during the day was 33680 in over 1232 trades.

The stock hit an intraday high of Rs. 327 and intraday low of 315. The net turnover during the day was Rs. 10793092.

Source : Equity Bulls

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