Q1FY21 results: Sharda Motor Industries records net loss of Rs 10.9 crore
Sharda Motor Industries Ltd announced its Q1FY21 results on Aug 26, 2020. The company reported consolidated net sales of Rs 103.64 crore in Q1FY21, which declined by 59.14 per cent YoY from Rs 253.67 crore in Q1FY20.
The company posted negative EBITDA of Rs 8.71 crore in Q1FY21 that decreased by 130.83 per cent YoY. For Q1FY20, it had posted EBITDA of Rs 28.25 crore. EBITDA margin as of Q1FY21 was at negative 8.4 per cent that declined by 19.54 per cent YoY. EBITDA margin for Q1FY20 was 11.14 per cent.
The consolidated net loss in Q1FY21 came in at Rs 10.9 crore, which declined by 162.29 per cent, as compared to Q1FY20, when it reported a profit of Rs 17.5 crore. The net profit margin in Q1FY21 came in at negative 10.52 per cent, which declined by 17.42 per cent YoY. The net profit margin for Q1FY20 was 6.9 per cent.
On Thursday, share price of the company at 1:41 pm was trading at Rs1041.6, down by 2.31 per cent.
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Particulars
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Q1FY21 (Rs in cr)
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Q1FY20 (Rs in cr)
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Per cent change
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Net Profit(loss)
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(10.90)
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17.50
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-162.29
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Net Revenue
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103.64
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253.67
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-59.14
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Operating Profit(loss)
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(8.71)
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28.25
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-130.83
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EBITDAM%
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-8.40
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11.14
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-19.54
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PATM%
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-10.52
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6.90
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-17.42
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