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Tube Investments of India Ltd reports consolidated loss of Rs. 64.10 crore in Q1FY21
Posted On : 2020-07-23 14:37:30( TIMEZONE : IST )
Tube Investments of India 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.464.50 crores during the period ended June 30, 2020 as compared to Rs.1049.20 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.(64.10) crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.59.46 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.(3.41) for the period ended June 30, 2020 as compared to Rs.3.16 for the period ended March 31, 2020.
| Financials | Q1 FY2020-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 464.50 crs | ₹ 1049.20 crs |  -55.73% |
| Net Profit | ₹ (64.10) crs | ₹ 59.46 crs | -207.8% |
| EPS | ₹ (3.41) | ₹ 3.16 | -207.91% |
Financial Results (Q1 FY 2020-21) - YoY Comparison
The company has reported total income of Rs.464.50 crores during the period ended June 30, 2020 as compared to Rs.1395.37 crores during the period ended June 30, 2019.
The company has posted net profit / (loss) of Rs.(64.10) crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.76.38 crores for the period ended June 30, 2019.
The company has reported EPS of Rs.(3.41) for the period ended June 30, 2020 as compared to Rs.4.06 for the period ended June 30, 2019.
| Financials | Q1 FY2020-21 | Q1 FY2019-20 | % Change |
| Total Income | ₹ 464.50 crs | ₹ 1395.37 crs | -66.71% |
| Net Profit | ₹ (64.10) crs | ₹ 76.38 crs | -183.92% |
| EPS | ₹ (3.41) | ₹ 4.06 | -183.99% |
Engineering
The Revenue for the quarter was at Rs.164 Cr. compared with Rs.657 Cr. in the corresponding quarter of the previous year. Loss before interest and tax for the quarter was Rs.27 Cr. as against profit before interest and tax of Rs.67 Cr in the corresponding quarter of previous year.
Cycles and Accessories
The Revenue for the quarter was at Rs.100 Cr. compared with Rs.290 Cr. in the corresponding quarter of the previous year. Loss before interest and tax for the quarter was Rs.6 Cr. as against profit before interest and tax of Rs.12 Cr in the corresponding quarter of previous year.
Metal Formed Products
The Revenue for the quarter was at Rs.127 Cr. compared with Rs.350 Cr. in the corresponding quarter of the previous year. Loss before interest and tax for the quarter was Rs.38 Cr. as against profit before interest and tax of Rs.34 Cr in the corresponding quarter of previous year.
Standalone Results for the quarter
- Revenue of Rs.379 Cr in the quarter compared with Rs.1252 Cr in Q1 of last year.
- The company reported a loss of (before exceptional items) Rs. 69 Cr as compared to profit of Rs.107 Cr in Q1 of last year. During the quarter, the Company implemented a voluntary retirement scheme at a cost of Rs.8 Cr. and the same was considered as exceptional item resulting in loss before tax (after exceptional items) of Rs.77 Cr.
- The net debt of the company has reduced to Rs.101 Cr as compared to Rs.149 Cr as of March 31, 2020.
Shares of Tube Investments of India Ltd was last trading in BSE at Rs.506.15 as compared to the previous close of Rs. 507.2. The total number of shares traded during the day was 566 in over 118 trades.
The stock hit an intraday high of Rs. 514.95 and intraday low of 506.15. The net turnover during the day was Rs. 287331.
