Become a Franchise Trade Now BA Connect Open an Account Reactivation KYC Modification DP Login
Hot Pursuit
Prev Next
As on Jun 18, 2021 12:00 AM Your results on : Hot Pursuit    
Eveready Ind reports Q4 loss at Rs 441 cr
18-Jun-2021 (15:26)
Revenue from operations increased 21.6% to Rs 272.63 crore in Q4 FY21 over Q4 FY20. Eveready said the turnover for the quarter registered a growth of 22% albeit on a lower base resulting from a subdued March turnover last year - as all the segments registered growth. Volumes also grew across all the segments during the quarter.

The battery maker registered an exceptional loss of Rs 629.70 crore in Q4 FY21. Exceptional items consist of provision for outstanding amounts of inter-corporate deposits and recoverables, write-off for interest accrued on such deposits and recoverables and write-off for outstanding capital advance as on 31 March 2021.

The company's pre tax loss stood at Rs 636.70 crore in Q4 FY21 compared with profit before tax of Rs 78.78 crore in Q4 FY20. Operating EBITDA jumped 43% to Rs 40.99 crore in Q4 FY21 as against Rs 28.67 crore in Q4 FY20. EBITDA margin improved to 15% in Q4 FY21 compared with 12.8% in Q4 FY20.

The battery manufacturer reported a net loss of Rs 309.13 crore in the year ended March 2021 (FY21) compared with net profit of Rs 179.57 crore in the year ended March 2020 (FY20). Revenue from operations increased 3.1% to Rs 1248.98 crore in FY21 over FY20.

The company's core categories of batteries and flashlights continues to witness a steady demand, given the sharp decrease in dumped imports from China and an overall strong demand in expectation of a near-normal monsoon. Eveready said the situation in the battery segment should continue to look positive as imports continue to remain low with the BIS standards having come into force - providing a level playing field to domestic manufacturers. Furthermore, proliferation of various battery-operated medical equipments should add filip to battery demand. The flashlight segment is also likely to remain steady as the rural economy revives from the adverse impact of the pandemic. Increased focus on rechargeable flashlights is also likely to benefit the segment.

The company has taken price increase of around 4-5% in batteries from May 2021 to counter sharp increase in raw material costs. Similar pricing actions have been taken in the flashlight segment as well. These actions should mitigate any adverse impact on margins. The lighting segment could partially recover from a weak consumption demand and supply constraints arising out of the pandemic. The situation is likely to improve in the forthcoming quarters as normalcy is restored in demand and as supply sources are stabilized. Once normalcy is restored in the supply chain, the company would be able to augment itsturnover through its various channels of distribution.

Given the outlook, the company is expected to maintain high operating margins in the forthcoming years.

Shares of Eveready Industries were up 6.91% at Rs 335.85 on BSE.

Eveready is the country's market leader of batteries and flashlights - selling more than 1.3 billion batteries and nearly 21 million flashlights. Apart from these, Eveready offers a basket of other products - LED, LED based Luminaires, GLS lamps & other lighting products and appliances. Eveready has an extensive distribution network of 4000 distributors reaching all the way down to 5000 population towns.

Polycab to acquire Silvan Innovation Labs
18-Jun-2021 (15:02)
Graphite India Ltd leads losers in 'A' group
18-Jun-2021 (15:00)
Palm Jewels Ltd leads losers in 'B' group
18-Jun-2021 (14:45)
Volumes soar at TCNS Clothing Co. Ltd counter
18-Jun-2021 (14:30)
Nazara Tech slumps after brokerage downgrade
18-Jun-2021 (13:59)
Utilties stocks edge lower
18-Jun-2021 (14:00)
Power stocks slide
18-Jun-2021 (14:00)
Metal stocks melt
18-Jun-2021 (14:00)
Aurobindo Pharma Ltd down for fifth straight session
18-Jun-2021 (13:35)
Biocon Ltd extends losing streak
18-Jun-2021 (13:35)
Cadila Healthcare Ltd stays slippery
18-Jun-2021 (13:35)
Vedanta Ltd slips for fifth straight session
18-Jun-2021 (13:35)
JSW Steel Ltd sees sustained selling
18-Jun-2021 (13:35)
Coal India Ltd under continued pressure
18-Jun-2021 (13:35)
MOIL Ltd drops for fifth straight session
18-Jun-2021 (13:35)
HDFC Asset Management Company Ltd drops for fifth straight session
18-Jun-2021 (13:35)
GAIL (India) Ltd slips for fifth straight session
18-Jun-2021 (13:35)
Ashok Leyland Ltd eases for fifth straight session
18-Jun-2021 (13:35)
Bosch Ltd down 1.22%
18-Jun-2021 (13:35)
Connect with us :   
About us
Our Services
Core Values
Investor Relations
Product & Services
Institutional Broking
Clearing Services
Trade & Products
Globe Connect Pro
Globe Trade Smart
Globe Connect Mobile/Tablet
Globe News Connect
Globe e-KYC Application
NSDL e-KYC Signer Application
Mobile App Demo
ODIN User Manual
Client Reactivation
Segment activation
Back Office
Back Office
KYC/KDC Status
Mutual Fund
RMS Policy
Download Forms
Useful Links
Exchange Holidays
Exchange guidelines on margin collection
Anti-Money Laundering Policy
Policies, Procedures, Rights, Obligations and RDD
Additional Policy and Procedures

Funds Payout Policy

Shortages Obligation Arising Out Of Internal Netting of Trades

Policies of Globe Commodities Limited
Guidance Note on FATCA and CRS May 2016
Right and Obligation, RDD, Guidance Note in Vernacular Language - Equity | Commodity
Additional Risk Disclosure for Trading into Commodity options
In case of any grievances pleae write to / (For Trading) (For DP) (For PMS) (For Commodities)
Equity SEBI Registration No INZ000177137, Exchange Registration Nos : NSE TM Code - 06637, Clearing No.- M50302|BSE Clearing No: 3179|MSEI TM Code - 1004 ,Clearing No.- 4| MCX TM No: 8091,Clearing No: 8090 | NCDEX TM No:1287, Clearing No: -M51085|ICEX TM ID-2084 | SEBI Registration for DP : IN-DP-NSDL-97-99, NSDL- DP ID: IN300966, CDSL DP ID: 12020600 | SEBI Research Analysts Registration No :INH100001187 | SEBI PMS Registration No:INP000002361 CMBPID NCL CM :- IN555502
* Through subsidiary Globe Commodities Ltd. --> Commodity SEBI Regn. No. - INZ000024939, Exchange Regn. Nos. - MCX CM ID: 8550 TM ID: 10735, NCDEX CM ID: M50011 TM ID: 00012, NMCE ID: CL0111, ICEX ID: 1009, NCDXSPOT-CR-07-10011,
** Through step in subsidiary Globe Comex International DMCC --> DGCX **TM Id.1064, CM Id.3064*
"We also do Pro-Account trading in Commodity Segment.."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Attention Investors:
"Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of investors"
"Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
© 2013 Globe Capital Market Limited. All rights reserved
Designed, Developed and Content powered by CMOTS Infotech (ISO 9001:2015 Certified) Privacy Policy Disclaimer Terms and Conditions