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E Merck's net declines 32% - Views on News from Equitymaster

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E Merck's net declines 32%

Feb 19, 2000

E Merck has declared impressive results if one takes into account the fact that the company's net profit has been depressed due to extraordinary provisions on account of inter alia Voluntary Retirement Scheme (VRS) payments. Excluding these provisions which add up to Rs.165 million the company's net profit has ctually grown by 28%. Topline growth has been subdued to 7% though in line with the industry growth. The company is into the manufacture of vitamins such as polybion, neurobion and evion which are market leaders with a 70% market share and contribbute more than 51% to the turnover of the company. All of them are under price control however. This is what makes the bottomline all the more creditable since it speaks volumes for the company's efficiency as compared to other MNC pharmacetuical companies.

(Rs m) 1999 1998 Change
Sales 2,779.6 2,591.2 7.3%
Other Income 65.0 61.1 6.4%
Expenditure 2,444.5 2,179.6 12.2%
Interest 33.4 47.2 -29.3%
Depreciation 82.9 69.1 20.0%
Profit before Tax 283.8 356.3 -20.4%
Tax 102.4 86.4 18.6%
Profit after Tax/(Loss) 181.3 269.9 -32.8%
Net profit margin (%) 6.5% 10.4%  


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MERCK Announces Quarterly Results (4QFY19); Net Profit Up 79.2% (Quarterly Result Update)

May 13, 2019 | Updated on May 13, 2019

For the quarter ended March 2019, MERCK has posted a net profit of Rs 407 m (up 79.2% YoY). Sales on the other hand came in at Rs 2 bn (down 23.3% YoY). Read on for a complete analysis of MERCK's quarterly results.

MERCK LTD Announces Quarterly Results (3QFY19); Net Profit Up 31.3% (Quarterly Result Update)

Mar 5, 2019 | Updated on Mar 5, 2019

For the quarter ended December 2018, MERCK LTD has posted a net profit of Rs 135 m (up 31.3% YoY). Sales on the other hand came in at Rs 2 bn (down 32.8% YoY). Read on for a complete analysis of MERCK LTD's quarterly results.

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