Q1FY21 results: Himatsingka Seide records net loss of Rs 139.79 crore

Himatsingka Seide Limited announced its Q1FY21 results on Aug 27, 2020. The company reported consolidated net sales of Rs 179.43 crore in Q1FY21, which declined by 71.94 per cent YoY from Rs 639.53 crore in Q1FY20.

The company posted negative EBITDA of Rs 84.58 crore in Q1FY21 that decreased by 161.23 per cent YoY. For Q1FY20, it had posted EBITDA of Rs 138.14 crore. EBITDA margin as of Q1FY21 was at -47.14 per cent that declined by 68.74 per cent YoY. EBITDA margin for Q1FY20 was 21.6 per cent.

The consolidated net loss in Q1FY21 came in at Rs 139.79 crore, which declined by 408.93 per cent, as compared to Q1FY20, when it reported a profit of Rs 45.25 crore. The net profit margin in Q1FY21 came in at -77.91 per cent, which declined by 84.99 per cent YoY. The net profit margin for Q1FY20 was 7.08 per cent.

On Friday, share price of the company at 11:56am was trading at Rs 85.45, down by 4.26 per cent.