Libas Designs earned standalone Rs.29.21 lacs profit in HY1 of FY19-20

Libas Designs announced its standalone and consolidated financial results for the quarter and half year ended on September 30, 2019 showing decline in revenue and PAT margins.

Company : Mahickra Chemicals Limited

In the first half of financial year 2019-20 at Libas Designs, the company earned total standalone revenue of Rs.20.58 crore whereas previous year same period it was Rs.23.86 crore. PAT for the period reached Rs.29.21 lacs as compared to Rs.71.05 lacs in a year ago period. EPS for HY1 was Rs.0.68.

Following are the standalone Q2 financials for FY19-20 at Libas Designs:

- Revenue reached Rs.14.48 crore as against Rs.15.99 crore in a year ago period.

- PAT stood at Rs.24.96 lacs whereas preceding year same period it was Rs.71.18 lacs.

- EPS reached Rs.0.58

By the end of financial year 2018-19, revenue at Libas Designs reached Rs.51.93 crore and PAT reached Rs.1.39 crore.

Consolidated financials for the quarter and half year ended September 30, 2019 are as follows:

- Q2 revenue reached Rs.23.18 crore whereas it was Rs.15.99 crore in a year ago period.

- Q2 PAT stood at Rs.24.96 lacs as compared to Rs.71.18 lacs in a year ago period.

- HY1 PAT was Rs.29.21 lacs while preceding year same period it was 71.05 lacs.

- HY1 revenue was Rs.35.98 crore against Rs.23.86 crore in a year ago period.

For the financial year 2018-19, consolidated PAT was Rs.1.39 crore and revenue reached Rs.63.34 crore.

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	Quarter Ended	Quarter Ended	Current Year Upto	Previous Year Upto	Previous Year
	30/9/2019	30/9/2018	30/9/2019	30/9/2018	2018-2019
Income Statement
Revenue	1397.69	1593.32	2006.10	2380.01	5171.67
Other Income	50.69	6.5	52.40	6.5	21.76
Total Income	1448.38	1599.82	2058.5	2386.51	5193.43
Expenditure	1295.35	1281.25	1824.27	2034.92	4457.65
Interest	45.99	36.41	99.78	79.40	188.31
PBDT	107.04	282.16	134.45	272.19	547.47
Depreciation	11.04	8.4	22.09	16.8	53.69
PBT	96.00	273.76	112.36	255.39	493.78
Tax	24.96	71.18	29.21	71.05	139.47
Net Profit	71.04	202.58	83.15	184.34	354.31
Equity	1225.00	1225.00	1225.00	1225.00	1225.00
EPS	0.58	1.80	0.68	1.64	3.15