YAARI Results: Nine Monthly Results of Yaari Digital Integrated Services

Y/e 31 Mar	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Growth matrix (%)
Revenue growth	(25)	(3.10)	4.16	(28)
Op profit growth	(100)	(548)	65.40	(64)
EBIT growth	(136)	(349)	141	(55)
Net profit growth	(68)	(8,699)	(116)	(398)
Profitability ratios (%)
OPM	0.08	(101)	21.80	13.70
EBIT margin	29.60	(61)	23.70	10.20
Net profit margin	(56)	(131)	1.48	(9.40)
RoCE	4.20	(10)	5.09	1.95
RoNW	(6.60)	(19)	0.21	(0.90)
RoA	(2)	(5.50)	0.08	(0.40)
Per share ratios ()
EPS	(10)	(33)	1.43	--
Dividend per share	--	--	1	--
Cash EPS	(14)	(37)	(4.50)	(9.60)
Book value per share	47	34.50	88.10	63.10
Valuation ratios
P/E	(12)	(1.30)	141	--
P/CEPS	(8.40)	(1.20)	(45)	(3.50)
P/B	2.53	1.24	2.29	0.53
EV/EBIDTA	17.30	(14)	21	16.70
Payout (%)
Dividend payout	--	--	15,951	--
Tax payout	17.30	9.91	(37)	0.86
Liquidity ratios
Debtor days	178	147	116	85.40
Inventory days	58.60	37.50	26.90	30
Creditor days	(75)	(21)	(48)	(71)
Leverage ratios
Interest coverage	(0.40)	1.06	(1.30)	(0.60)
Net debt / equity	0.74	3.67	1.34	2.09
Net debt / op. profit	2,174	(5)	12.70	21.80
Cost breakup ()
Material costs	--	(23)	(6.20)	(3.30)
Employee costs	(25)	(30)	(18)	(11)
Other costs	(75)	(148)	(54)	(72)

Y/e 31 Mar( In .Cr)	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Revenue	168	225	233	223
yoy growth (%)	(25)	(3.10)	4.16	(28)
Raw materials	(0.10)	(52)	(14)	(7.30)
As % of sales	0.04	23	6.22	3.25
Employee costs	(42)	(67)	(42)	(24)
As % of sales	25.20	29.70	18	10.80
Other costs	(126)	(334)	(126)	(161)
As % of sales	74.70	148	54	72.20
Operating profit	0.14	(228)	50.70	30.70
OPM	0.08	(101)	21.80	13.70
Depreciation	(29)	(32)	(28)	(27)
Interest expense	(125)	(130)	(43)	(36)
Other income	78.80	123	32.40	19.70
Profit before tax	(75)	(267)	12.40	(13)
Taxes	(13)	(26)	(4.60)	(0.10)
Tax rate	17.30	9.91	(37)	0.86
Minorities and other	(6.80)	(2.40)	(4.40)	(8.30)
Adj. profit	(94)	(296)	3.44	(21)
Exceptional items	--	--	--	--
Net profit	(94)	(296)	3.44	(21)
yoy growth (%)	(68)	(8,699)	(116)	(398)
NPM	(56)	(131)	1.48	(9.40)

Y/e 31 Mar ( In .Cr)	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Revenue	0.10	0.06	1.10	5.84
yoy growth (%)	66.70	(95)	(81)	(56)
Raw materials	(0.10)	--	(0.30)	(6.70)
As % of sales	80	--	28.10	115
Employee costs	(4.20)	(6)	(2.20)	(0.50)
As % of sales	4,160	10,050	196	9.04
Other costs	(2.30)	(2.20)	(1.30)	(1.20)
As % of sales	2,270	3,600	114	21.30
Operating profit	(6.40)	(8.10)	(2.60)	(2.70)
OPM	(6,410)	(13,550)	(238)	(46)
Depreciation	(1)	(1.10)	(0.10)	--
Interest expense	(85)	(18)	(1.50)	--
Other income	4.74	8.54	11.40	32.30
Profit before tax	(88)	(19)	7.23	29.60
Taxes	--	(3.40)	(5)	(11)
Tax rate	--	17.90	(68)	(37)
Minorities and other	--	--	--	--
Adj. profit	(88)	(22)	2.28	18.70
Exceptional items	--	--	--	--
Net profit	(88)	(22)	2.28	18.70
yoy growth (%)	292	(1,085)	(88)	2,377
NPM	(88,090)	(37,417)	207	319

Y/e 31 Mar ( In .Cr)	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Profit before tax	(75)	(267)	12.40	(13)
Depreciation	(29)	(32)	(28)	(27)
Tax paid	(13)	(26)	(4.60)	(0.10)
Working capital	(769)	22	(17)	27.60
Other operating items	--	--	--	--
Operating cashflow	(886)	(303)	(37)	(13)
Capital expenditure	341	438	160	187
Free cash flow	(544)	135	124	174
Equity raised	1,011	1,369	1,828	1,185
Investments	546	210	222	--
Debt financing/disposal	578	1,141	661	668
Dividends paid	--	--	548	--
Other items	--	--	--	--
Net in cash	1,592	2,856	3,383	2,027

Y/e 31 Mar ( In .Cr)	Mar-2021	Mar-2020	Mar-2019	Mar-2018
Equity capital	17.50	17.90	62.10	11
Preference capital	--	--	--	--
Reserves	394	290	1,371	472
Net worth	412	308	1,433	483
Minority interest
Debt	332	1,141	342	671
Deferred tax liabilities (net)	2.24	3.12	0.18	0.49
Total liabilities	838	1,537	1,856	1,154
Fixed assets	235	355	420	502
Intangible assets
Investments	589	541	874	222
Deferred tax asset (net)	1.04	0.54	7.76	6.70
Net working capital	(14)	629	543	398
Inventories	25.60	28.50	21.40	17.90
Inventory Days	55.50	46.10	--	28
Sundry debtors	83	81	86.60	101
Debtor days	180	131	--	158
Other current assets	665	667	550	351
Sundry creditors	(37)	(32)	(21)	(19)
Creditor days	81.10	51.50	--	30.50
Other current liabilities	(751)	(115)	(94)	(53)
Cash	27.50	11.40	11.50	25.60
Total assets	838	1,537	1,856	1,154

Y/e 31 Mar ( In .Cr)	Mar-2021	Mar-2020	Mar-2019	Mar-2018
Equity capital	17.50	17.90	62.10	113
Preference capital	--	--	--	--
Reserves	1,492	1,600	1,575	628
Net worth	1,509	1,618	1,637	741
Minority interest
Debt	729	224	--	252
Deferred tax liabilities (net)	--	--	--	--
Total liabilities	2,238	1,842	1,637	993
Fixed assets	2.17	4.78	2.20	0.18
Intangible assets
Investments	897	905	1,186	625
Deferred tax asset (net)	--	--	1.81	0.38
Net working capital	1,336	932	447	367
Inventories	0.30	0.38	0.38	0.30
Inventory Days	1,095	2,312	--	99.40
Sundry debtors	0.67	0.72	0.71	1.79
Debtor days	2,446	4,380	--	593
Other current assets	1,785	949	456	370
Sundry creditors	--	--	(2.60)	(0.40)
Creditor days	--	--	--	123
Other current liabilities	(450)	(18)	(7.50)	(5.10)
Cash	2.20	0.72	0.33	0.66
Total assets	2,238	1,842	1,637	993

Select Period

Particulars ( Rupees In Crores.)	Dec-2021	Dec-2020	Dec-2019	Dec-2018	Dec-2017
Gross Sales	117	124	178	121	130
Excise Duty	--	--	--	--	--
Net Sales	117	124	178	121	130
Other Operating Income	--	--	--	--	--
Other Income	37.20	40.20	63	63	9.45
Total Income	154	164	241	184	140
Total Expenditure **	178	114	356	119	121
PBIDT	(24)	50.60	(114)	64.20	18.80
Interest	60	94	97.10	30.60	36.80
PBDT	(84)	(43)	(211)	33.60	(18)
Depreciation	17.10	23.10	23.70	18.80	18.70
Minority Interest Before NP	--	--	--	--	--
Tax	12.90	11	8.26	10.60	3.80
Deferred Tax	(0.30)	(1.50)	(2.20)	(1.20)	(1)
Reported Profit After Tax	(113)	(76)	(241)	5.33	(39)
Minority Interest After NP	1.25	6.69	2.75	3.19	--
Net Profit after Minority Interest	(115)	(83)	(244)	2.14	(39)
Extra-ordinary Items	--	--	--	--	--
Adjusted Profit After Extra-ordinary item	(115)	(83)	(244)	2.14	(39)
EPS (Unit Curr.)	(13)	(9.30)	(27)	0.27	(8.20)
Book Value (Unit Curr.)	--	--	--	--	--
Dividend (%)	--	--	--	--	--
Equity	17.50	17.90	17.90	17.90	10.10
Public Shareholding (Number)	--	--	--	--	--
Public Shareholding (%)	--	--	--	--	--
Pledged/Encumbered - No. of Shares	--	--	--	--	--
Pledged/Encumbered - % in Total Promoters Holding	--	--	--	--	--
Pledged/Encumbered - % in Total Equity	--	--	--	--	--
Non Encumbered - No. of Shares	--	--	--	--	--
Non Encumbered - % in Total Promoters Holding	--	--	--	--	--
Non Encumbered - % in Total Equity	--	--	--	--	--
PBIDTM(%)	(20)	40.70	(64)	53.20	14.40
PBDTM(%)	(71)	(35)	(118)	27.80	(14)
PATM(%)	(97)	(61)	(135)	4.42	(30)