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SOM Distilleries & Breweries Ltd reports consolidated loss of Rs. 24.17 crore in Q1FY21
Posted On : 2020-09-05 20:13:35( TIMEZONE : IST )
SOM DISTILLERIES & BREWERIES 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.67.42 crores during the period ended June 30, 2020 as compared to Rs.163.57 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.(24.17) crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.(4.97) crores for the period ended March 31, 2020.
The company has reported EPS of Rs.(7.44) for the period ended June 30, 2020 as compared to Rs.(1.51) for the period ended March 31, 2020.
| Financials | Q1 FY2020-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 67.42 crs | ₹ 163.57 crs |  -58.78% |
| Net Profit | ₹ (24.17) crs | ₹ (4.97) crs |  386.32% |
| EPS | ₹ (7.44) | ₹ (1.51) | 392.72% |
Financial Results (Q1 FY 2020-21) - YoY Comparison
The company has reported total income of Rs.67.42 crores during the period ended June 30, 2020 as compared to Rs.283.14 crores during the period ended June 30, 2019.
The company has posted net profit / (loss) of Rs.(24.17) crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.14.57 crores for the period ended June 30, 2019.
The company has reported EPS of Rs.(7.44) for the period ended June 30, 2020 as compared to Rs.4.49 for the period ended June 30, 2019.
| Financials | Q1 FY2020-21 | Q1 FY2019-20 | % Change |
| Total Income | ₹ 67.42 crs | ₹ 283.14 crs | -76.19% |
| Net Profit | ₹ (24.17) crs | ₹ 14.57 crs | -265.89% |
| EPS | ₹ (7.44) | ₹ 4.49 | -265.7% |
There were virtually no sales in April and May 2020 due to the lockdown. The plants at Bhopal and Hassan ran at very low capacity utilisation for the remaining period with disruptions in the supply chain. The bottling and brewing operations at the Odisha plant did not start in the quarter.
The business operations continued to be impacted by the spread of pandemic and related State/Local restrictions from time to time. Numbers of states had increased taxation on the finished goods, yet some states have rolled it back but still there has been a big contraction in the industry.
The company is also in the process of exiting and or changing the business model in the less profitable states that it operates.
During the first quarter, the company has not taken any new interest-bearing debt and tried to manage the liquidity well.
The long-term potential of the industry is robust.
Shares of SOM DISTILLERIES & BREWERIES LTD. was last trading in BSE at Rs.59.4 as compared to the previous close of Rs. 58.85. The total number of shares traded during the day was 66279 in over 740 trades.
The stock hit an intraday high of Rs. 61.75 and intraday low of 56.4. The net turnover during the day was Rs. 3951500.
