Tag: Q1

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Vodafone Idea Q1 Result: Net Loss at Rs 25,460 crore

Vodafone idea

Vodafone Idea Ltd in its Q1 FY21 result reported a Net Loss of Rs 25,460 crore. Last year in the corresponding quarter, the debt-ridden telecom player reported a net loss of Rs 4873.9 crore. It is almost a five-fold increase in net loss year-on-year (YoY).

Q1 FY21Q4 FY20Q1 FY20QoQ%YoY%
Revenue106,593117,542112,699(-)9.4%(-)6%
Net Profit/Loss(-)254,600(-)116,435(-)48,739(-)118%(-)429%
Operating Profit4,098.44,380.13,650(-)6.43%(+)12.28%
Amount in Rupees Crore

Vodafone India Limited merged into Idea Cellular Limited (ICL) on August 31, 2018. Consequently, the name of the company has been changed from ICL to Vodafone Idea Limited. Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. Vodafone Idea like many telecoms has been in news lately, because of the AGR Dues Case Pending in the Supreme Court.

You can read more about Telecom AGR Dues here.

Vodafone-Idea’s performance indicators given below show the reduced Subscriber Base and Total Data Subscribers. Other indicators show the increase in BroadBand Usage, Increased Data Volume Usage, Average Data Usage per person, 4G Coverage Population and Total Unique Broadband Towers.

The company’s ARPU(Average Revenue Per User) jumped at the beginning of the lockdown from Rs.109 to Rs.121 but reduced to Rs.114 this quarter. The reason behind this could be the eased restrictions where people started using Commercial/Office Broadband over Personal Data Packs.

Key Performance Indicators

The Future

“We have rolled out a further cost optimization plan across the company in line with the evolving industry structure and business model. Through this, we plan to achieve Rs. 40 billion of annualized cost savings over the next 18 months. As a step in that direction, we are in the process of organization-wide restructuring“, Vodafone Idea said in its press release.

The company also said “The merger of Indus Towers and Bharti Infratel has received FDI approval. The long stop date on the original agreement has been extended to August 31, 2020. We have the option to monetize our 11.15% stake in Indus on completion of the Indus-Infratel merger“.

Vodafone-Idea’s balance AGR dues were placed at Rs 50,400 crores in the preliminary SC hearing. The final hearing is expected to be on 10th August 2020.

The advent of Jio put a huge blow to other telecoms due to its unconventional pricing. The company report shows its interest and willingness in raising liquidity, paying bank AGR dues in due course of time and expansion in terms of infrastructure. If the company manages to raise investment at the same time price competitively the company can very well manage to get back on its feet.

You can read the Official Result by clicking here.

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Adani Power Q1 Results: Net Loss At Rs 682.5 crore

Adani Power came out with its results recording a Net Loss standing at Rs 682 crore as compared to Rs 1,312.9 crore. in the quarter ending March 20′ decreasing Net Loss by 49%(QoQ).

Q1 FY21Q4 FY20Q1 FY20QoQ%YoY%
Revenue5,356.26,327.68,014.5-15.35-33.17
Net Profit/Loss-682.5-1,312.9-263.448.02-159.19
Amount in Rupees Crores

Adani Power Limited is the power business subsidiary of Indian conglomerate Adani Group with head office at Ahmedabad. The company is India’s largest private thermal power producer, with a capacity of 12,450 MW.

The average Plant Load Factor(Capacity Utilisation) of 51% in Q1 FY 2020-21 vs 78% in Q1 FY 2019-20. The PLF is lower due to the decline in power
demand following the announcement of a nationwide lockdown to combat COVID-19. Consolidated Units sold for the quarter are 12.7 BU, as compared to the Q1 FY20 sales the volume of 16.5 BU.

The Future

The Madhya Pradesh Electricity Regulatory Commission has approved a 1.23 MegaWatt Power Supply Agreement (PSA) with the company’s wholly-owned subsidiary, Pench Thermal Energy (MP) Ltd. and MP Power Management Company Ltd. The power to be supplied under this PSA will be supplied by a 1.32 MW power-plant to be set up in Madhya Pradesh under a Design, Build, Finance, Own. and Operate basis.

Adani Power Ltd. has also signed a definitive agreement to acquire a 49% stake in Odisha Power Generation Corporation Ltd. (OPGC) from the affiliates of AES Corporation, a US-based energy company. The deal is estimated to be an INR equivalent of $135 million. The company seems ready make a recovery once the COVID situation normalises.

You can read the official result over here.

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Adani Gas Q1 Results: Net Profit drops 42%

Adani Gas Ltd, reported a 42% drop in Net Profit as sales volume were impacted due to the lockdown. Net Profit of Rs. 46.33 Crore was declared for the quarter ending June 20′. Total Income dropped from 502.05 on June 19′ to 214.94 June 20′ which is a reduction of 57%(YoY). EBITDA stood at INR 86 Cr vs. Q1 FY20 EBITDA of INR 146 Cr

Q1 FY21Q4 FY20Q1 FY20QoQ%YoY%
Revenue214.94502.09489.71-57%-55.9%
Net Profit/Loss46.33122.0779.27-62.04%-41%

Gas sales volumes dropped to 64 million standard cubic meters(MMSCM) in the first quarter of fiscal year beginning April 2020, from 137 MMSCM in the same period a year back.

Piped Natural Gas and Compress Natural Gas Consumption

With continued lockdown of 69 days in Q1FY21, Adani Gas witnessed volume impact of 53% as compared to Q1 FY20. There was a progressive rebound in volumes as compared to the pre-COVID situation and exit volume as on 30th June 2020 had already reached at 1.25 MMSCMD as compared to 1.60 MMSCMD for the month of Mar’20. The operational performance of the business continues to be recovering in a phased manner towards Pre COVID level.

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Relaxo Footwears Ltd Q1 Results: Net Profit Falls 51%

relaxo footwear

Relaxo Footwears Ltd. declared its results on Wednesday, with its net profit standing at Rs. 24.22 Cr facing a decline of 51.31% YoY.

Q1 FY21
Q4 FY20
Q1 FY20
QoQ%YoY%
Total Revenue370.5544.6649.5-42%-31.97%
Net Profit24.2251.8049.75-53.19%-51.31%
Values in Rupee Crores
  • Relaxo Footwears Limited is an Indian multinational footwear manufacturer based in New Delhi. It is the largest footwear manufacturer in India in terms of volume and second-largest in terms of revenue, with a market share of more than 5 per cent. The company makes products under 10 brands including Flite, Sparx, Bahamas and Schoolmate.
  • The company declared a profit before taxes (PBT) of Rs.32.3 Cr stating a 57.1% decline YoY and a 53.19% QoQ. EBITDA stood at Rs. 58 Cr down 45% as compared to last year.
  • The Company said in its statement: “The Company’s operations for the quarter were impacted due to the temporary suspension of production across plants. The operations are gradually ramping up, despite limited availability of workforce and supply chain disruptions.”

According to researchandmarkets.com, India is the largest global producer of footwear after China, accounting to approx 13% of world footwear production, which is close to 16 billion pairs. This means that the average consumption globally is about 2-3 pairs/person. India produces approximate 2 Billion pairs annually in different categories of Footwear. India exports about 115 million pairs, thus nearly 95% of its produce meets its domestic demand.

Revenue in the Footwear market amounts to US$7.9 Billion in 2020. The global market is expected to grow annually by 9.6% (CAGR 2020-2025) and hopefully Relaxo will be part of the growth as well.

You may check the company report over here.

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Indian Oil Corporation, Q1 Revenue falls 41%

Indian Oil

Indian Oil Corporation recorded a decrease in revenue to Rs. 90,776.10 Cr from Rs. 153,111.43 Cr (YoY) which is nearly 41% YoY reduction and a QoQ reduction of almost 43.21%. The Net Expenses of the company to decrease by 40%(YoY) from Rs. 147,954.62 Cr. to Rs. 87,792.72 Cr.

Indian Oil Corporation also recorded a consolidated net profit of Rs. 2,628.58 Crores as compared to Rs. 5,379.40 Crores in Q1FY20 which is a reduction of almost 51.1% YoY basis.

It is to be noted that the company’s expense on excide duty went up by 29.8%(YoY) from Rs. 18,622.74 Crores in Q1FY20 to Rs. 26,539.94 crores in Q1FY21 and 20% up from Q4FY20 (March 2020). Amid falling crude oil prices, the government had on March 14 raised excise duty on petrol and diesel by Rs 3 per litre each.

Crude oil prices tumbled due to a trade war between Opec and Russia amidst decreasing demand in times of COVID-19. The Government took the opportunity of decreasing oil prices around the world and increased taxes to shore up its revenue.

Q1 FY21
Rs. Cr.		Q4FY20
Rs. Cr. 		Q1 FY20
Rs.   Cr.		QoQ%YoY%
Total Revenue 90,776.10 153,111.43 147,954.62-43.21%-41.1%
Net Profit2,628.58-13,610.165,379.40119%-51.1%

“During the lockdown period, petroleum business continued its operations under the “Essential Services”. The revenue of the holding company and other consequential expenses during the period is decreased due to nationwide lockdown for Covid-19,” IOC said in a release.

You may read the entire official report here.

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RIL Q1 results: 31% rise in YoY profits; beats all estimates

reliance

Tough quarter? Not for Mr. Mukesh Ambani and RIL!

Reliance Industries (RIL) declared their Q1 FY21 results on Thursday. They have reported a consolidated net profit of Rs 13,233 crore which is 31% higher than Rs 10,141 announced in the same quarter last year. Street estimated that it will be a tough quarter for RIL after the prices and demand of oil & gas nosedived in recent months. Yet, Mukesh Ambani led Reliance Industries has beaten all the street estimates.

Q1 FY21Q4 FY20Q1 FY20QoQYoY
Revenue88,253151,209164,495-41.6%-46.3%
Profits13,2336,54610,141102%30.4%
Values in Crore Rupees

Their consolidated revenue is recorded at Rs 88,253 crore when compared to Rs 1,56,976 crore declared last year. This quarter has been very special for the company. The equity sale of Jio platform has helped them to raise Rs 1,52,056 crore and become net-debt free, even in these times of global pandemic.

RIL has been the biggest gainer among Nifty stocks after rising 145% since last March. The oil-to-telecom company has enjoyed the benefits of the increasing popularity of its digital services as workers are switching to the work-from-home model. This has also led to higher growth in its retail business. In the June quarter alone, the company’s stock price has rallied upwards by 54%.

All of this success has pushed Mukesh Ambani to become one of the richest businessmen in the world. Also, RIL entered into the list of most valued companies globally with a market capitalisation of Rs 13.92 lakh crore. In the coming months, more is expected RIL as they lead India’s fight against COVID-19 in the stock market.

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Havells vs V-Guard Industries, Q1 Results Declared.

598776119

Havells India Ltd declared its Q1 Results facing a staggering decline of almost 64% in Net Profit QoQ basis and a decline of 63.8% of Net Profit on YoY basis. Its revenue generation stood as Rs 1516 Crores this year as compared to Rs 2238 Crores in Q4FY20 which is a reduction of 32%(QoQ). Last Financial Year, the company had declared a Total revenue of Rs. 2756.5 Crores.

V-Guard declared a Net Profit of just 3.6 Crore this quarter as compared to Rs. 32.2 crores last quarter Q4FY20 which is an 88.71% reduction in Net Profit(QoQ) and 93.14 %(YoY) with last year’s Q1 result at Rs.53 Crores.

According to V-Guard, “The spread of COVID-19 pandemic and consequent national and local lockdowns have had an adverse impact on the Company’s operations. Due to Market closures, supply chain disruptions and other effects of the lockdowns, tl1e Company’s revenues for the quarter ended June 2020 were 42% lower than the corresponding quarter of the previous year“.

Havells V-Guard
Total Revenue Change (QoQ) -32% -24.45
Net Profit Change %(QoQ)– 64%-63.8%
Total Revenue Change (YoY)-45%-42.13%
Net Profit Change %(YoY)-63.87%-93.14%
Comparative Change in Revenue and Profit

Both Havells and V-Guard are both electrical appliance manufacturers with Havells having a market cap of Rs. 372.74B and V-Guard with a Rs.70.84B. Both company shares moved sideways throughout the day and tanked by the end of the day due to expectation of poor performance.

To check company report for Havells click here.

To check company report for V-Guard click here.