Subros Limited · NSE:SUBROS
Subros — Q2 FY2020-21 Earnings Presentation
30 slides from Subros's earnings presentation, Oct 22, 2020
Slide 1: Outcome of Board Meeting cover letter
SL/BSE/NSE/2020-21/ October 22, 2020 The Manager , Dy. General Manager, Listing Department, Department of Corporate Services, National Stock Exchange of India Ltd., BSE Limited, ‘Exchange Plaza’ C-1, 1, Block G, First Floor, P.J. Towers, Bandra-Kurla Kurla Complex, Bandra (E), Dalal Street, Fort, Mu
Slide 2: Unaudited Standalone Financial Results, Quarter and Six Months ended 30 September 2020
SUBROS LIMITED REGD. OFFICE : LGF, WORLD TRADE CENTRE, BARAKHAMBA LANE, NEW DELHI-110001 CIN :- L74899DL1985PLC020134; Tel: 011-23414946 Fax: 011-23414945 website:www.subros.com ; email:rakesh.arora@subros.com STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 3
Slide 3: Notes to standalone results
5 The Company's operations and financial results for the six months ended 30th September, 2020 have been adversely impacted by the outbreak of COVID-19 pandemic and the consequent lockdown announced by the Government of India due to which the operations were suspended for part of the first quarter a
Slide 4: Limited Review Report (Standalone)
Price Waterhouse Chartered Accountants LLP To The Board of Directors Subros Limited LGF, World Trade Centre, Barakhamba Lane, New Delhi - 110001 1. We have reviewed the unaudited standalone financial results of Subros Limited (the “Company”) for the quarter and the half year ended September 30, 2020
Slide 5: Statement of Standalone Assets and Liabilities
SUBROS LIMITED REGD. OFFICE : LGF, WORLD TRADE CENTRE, BARAKHAMBA LANE, NEW DELHI-110001 CIN :- L74899DL1985PLC020134; Website:www.subros.com ; Email:rakesh.arora@subros.com Tel: 011-23414946 Fax: 011-23414945 STATEMENT OF STANDALONE ASSETS AND LIABILITIES (Rs. in lakhs) As at 30th September, As at
Slide 6: Statement of Standalone Cash Flows
SUBROS LIMITED REGD. OFFICE : LGF, WORLD TRADE CENTRE, BARAKHAMBA LANE, NEW DELHI‐110001 CIN :‐ L74899DL1985PLC020134; Tel: 011‐23414946 Fax: 011‐23414945 website:www.subros.com ; email:rakesh.arora@subros.com STATEMENT OF STANDALONE CASH FlOWS FOR THE SIX MONTHS ENDED 30th SEPTEMBER, 2020 (Rs. In L
Slide 7: Unaudited Consolidated Financial Results, Quarter and Six Months ended 30 September 2020
SUBROS LIMITED REGD. OFFICE : LGF, WORLD TRADE CENTRE, BARAKHAMBA LANE, NEW DELHI-110001 CIN :- L74899DL1985PLC020134; Tel: 011-23414946 Fax: 011-23414945 website:www.subros.com ; email:rakesh.arora@subros.com STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED
Slide 8: Notes to consolidated results
3 The Company and its joint venture's operations comprise of only one segment i.e. Thermal products. Hence, no further information is required to be given in respect of segment. 4 There was a fire accident in one of the plants of the Company situated at Manesar on 29th May, 2016. The fire had severe
Slide 9: Limited Review Report (Consolidated)
Price Waterhouse Chartered Accountants LLP To The Board of Directors Subros Limited LGF, World Trade Centre, Barakhamba Lane, New Delhi - 110001 1. We have reviewed the unaudited consolidated financial results of Subros Limited (the “Company” and its joint venture (refer Note 5 on the Statement) for
Slide 10: Auditor conclusion and signature
Our conclusion on the Statement is not modified in respect of the above matter. For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016 Chartered Accountants “ 1 A Rajib Chatterjee Place: Gurugram Partner Date: October 22, 2020 Membership Number 057134 UDIN: 20057134
Slide 11: Consolidated Statement of Assets and Liabilities
SUBROS LIMITED REGD. OFFICE : LGF, WORLD TRADE CENTRE, BARAKHAMBA LANE, NEW DELHI-110001 CIN :- L74899DL1985PLC020134; Website:www.subros.com ; Email:rakesh.arora@subros.com Tel: 011-23414946 Fax: 011-23414945 CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES (Rs. In lakhs) As at 30th September, 2020
Slide 12: Consolidated Statement of Cash Flows
SUBROS LIMITED REGD. OFFICE : LGF, WORLD TRADE CENTRE, BARAKHAMBA LANE, NEW DELHI‐110001 CIN :‐ L74899DL1985PLC020134; Tel: 011‐23414946 Fax: 011‐23414945 website:www.subros.com ; email:rakesh.arora@subros.com CONSOLIDATED STATEMENT OF CASH FlOWS FOR THE SIX MONTHS ENDED 30th SEPTEMBER, 2020 (Rs. In
Slide 13: Investor Presentation: Financial Results Quarter 2, FY 2020-21
Financial Results Quarter 2, FY 2020-21 Investor Cooling the Planet Presentation
Slide 14: Safe Harbour
SAFE HARBOUR This presentation might contain forward looking statements which involve a number of risks, uncertainties and other factors that could cause the actual results to differ materially from those in the forward looking statements. The Company undertakes no obligation to update these to refl
Slide 15: Financial Results & Highlights for the Quarter
Financial Results & Highlights for the Quarter Results Analysis - HY 1 FY 2020-21 v/s HY 1 FY 2019-20 Results Analysis - Q2 FY 2020-21 v/s Q2 FY 2019-20 Results Analysis - Q2 FY 2020-21 v/s Q1 FY 2020-21 Way Forward 3
Slide 16: Highlights – Financial Performance
Highlights – Financial Performance • Overall Revenue de-growth by 8% in Quarter 2 FY 2020-21 from Quarter 2 FY 2019-20. However EBIDTA has improved by 13% and PBT has improved by 46% over corresponding quarter. • The Company’s operations and financial results for the Half year have been adversely im
Slide 17: Standalone Results For Quarter & Period Ending 30.09.2020
Standalone Results For Quarter & Period Ending 30.09.2020 Amt in Lacs Quarter Ended Half Year Ended Year Ended PARTICULARS 30.09.2020 30.06.2020 30.09.2019 30.09.2020 30.09.2019 31.03.2020 Net Sales 45,773 7,372 49,613 53,145 106,792 199,122 Other Operating Income 37 5 35 42 80 158 Revenue from Oper
Slide 18: Results Analysis - HY 1 FY 2020-21 v/s HY 1 FY 2019-20
Financial Results & Highlights for the Quarter Results Analysis - HY 1 FY 2020-21 v/s HY 1 FY 2019-20 Results Analysis - Q2 FY 2020-21 v/s Q2 FY 2019-20 Results Analysis - Q2 FY 2020-21 v/s Q1 FY 2020-21 Way Forward 6
Slide 19: HY 1 FY 2020-21 v/s HY 1 FY 2019-20: Revenue, PBT, EBIDTA, PAT
HY 1 FY 2020-21 v/s HY 1 FY 2019-20 Revenue PBT 120000 106872 Recorded revenue 5000 4049 PBT (before 100000 de-growth of 50% 4000 exceptional) 80000 in HY 1 FY 2020-21 3000 stands at -4.70% 2000 60000 53187 agst. 3.79% 1000 40000 0 (1000) 20000 (2000) 0 (3000) (2499) H1 FY 2019-20 H1 FY 2020-21 H1 F
Slide 20: Key Indicators for HY 1 FY 2020-21 v/s HY 1 FY 2019-20
Key Indicators for HY 1 FY 2020-21 v/s HY 1 FY 2019-20 Key Aspects: Indicators HY1 FY 2019-20 HY1 FY 2020-21 Change Status • Sales de-growth is because of Net Sales 1067.92 531.45 -536.48 n outbreak of COVID-19 pandemic and subsequent lockdown announced by Other Income 9.05 4.81 -4.24 n the Governme
Slide 21: Results Analysis - Q2 FY 2020-21 v/s Q2 FY 2019-20
Financial Results & Highlights for the Quarter Results Analysis - HY 1 FY 2020-21 v/s HY 1 FY 2019-20 Results Analysis - Q2 FY 2020-21 v/s Q2 FY 2019-20 Results Analysis - Q2 FY 2020-21 v/s Q1 FY 2020-21 Way Forward 9
Slide 22: Q2 FY 2020-21 v/s Q2 FY 2019-20: Revenue, PBT, EBIDTA, PAT
Q2 FY 2020-21 v/s Q2 FY 2019-20 Revenue PBT 50000 49648 3000 2794 49000 Recorded revenue PBT (before 2500 exceptional) 48000 de-growth of 8% 1908 47000 with 2000 realization at 6.10% 45810 as against 3.85% 46000 corresponding Qtr 1500 45000 1000 44000 500 43000 0 Q2 FY 2019-20 Q2 FY 2020-21 Q2 FY 20
Slide 23: Key Indicators Q2 FY 2020-21 v/s Q2 FY 2019-20
Key Indicators Q2 FY 2020-21 v/s Q2 FY 2019-20 Indicators Q2 FY 2019-20 Q2 FY 2020-21 Change Status Key Aspects: Net Sales 496.13 457.73 -38.40 n • Sales are slightly lower due to change in product sale mix ie Home Other Income 6.74 3.77 -2.97 n AC segment and slow recovery of CV segment and Bus Seg
Slide 24: Results Analysis - Q2 FY 2020-21 v/s Q1 FY 2020-21
Financial Results & Highlights for the Quarter Results Analysis - HY 1 FY 2020-21 v/s HY 1 FY 2019-20 Results Analysis - Q2 FY 2020-21 v/s Q2 FY 2019-20 Results Analysis - Q2 FY 2020-21 v/s Q1 FY 2020-21 Way Forward 12
Slide 25: Q2 FY 2020-21 v/s Q1 FY 2020-21: Revenue, PBT, EBIDTA, PAT
Q2 FY 2020-21 v/s Q1 FY 2020-21 Revenue PBT PBT (before 50000 45810 exceptional) 4000 2794 40000 Recorded revenue 2000 realization at 30000 growth of 521% 6.11% against 0 with previous Qtr -71.80% 20000 (2000) 10000 7377 (4000) 0 (6000) (5293) Q1 FY 2020-21 Q2 FY 2020-21 Q1 FY 2020-21 Q2 FY 2020-21
Slide 26: Key Indicators Q2 FY 2020-21 v/s Q1 FY 2020-21
Key Indicators Q2 FY 2020-21 v/s Q1 FY 2020-21 Indicators Q1 FY 2020-21 Q2 FY 2020-21 Change Status Net Sales 73.72 457.73 384.01 n Other Income 1.04 3.77 2.73 n Material Cost 69.29% 69.34% 0.05 n Employee Cost 51.82% 9.65% -42.18 n Other Expenses 19.46% 9.41% -10.05 n Op. EBIDTA -39.10% 12.50% 51.6
Slide 27: Way Forward
Financial Results & Highlights for the Quarter Results Analysis - HY 1 FY 2020-21 v/s HY 1 FY 2019-20 Results Analysis - Q2 FY 2020-21 v/s Q2 FY 2019-20 Results Analysis - Q2 FY 2020-21 v/s Q1 FY 2020-21 Way Forward 15
Slide 28: Way Forward
WAY FORWARD Growth in Line with Indian Automobile Industry g Market and Revenue Business Expansion in Bus, Railways, Truck AC and Refrigeration Trucks n Potential Preparation to meet all regulatory changes including BSVI, CAFÉ and EV n Mitigating Impact of Foreign Exchange Fluctuations (Consistent H
Slide 29: COVID-19
COVID-19 Due to the spread of COVID-19, a global pandemic, the operations of the Company were impacted and all manufacturing plants and offices were shutdown following a nationwide lockdown imposed by the Government of India. The Company has resumed manufacturing operations in a phased manner in acc
Slide 30: Thank You
Thank You Cooling the Planet www.subros.com