AJANTA PHARMA Announces Quarterly Results (2QFY20); Net Profit Down 7.2%

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AJANTA PHARMA Announces Quarterly Results (2QFY20); Net Profit Down 7.2%
Fri, 8 Nov

AJANTA PHARMA has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

AJANTA PHARMA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m5,4416,1196,4285.0%18.1%
Other incomeRs m1527613273.0%-13.3%
TurnoverRs m5,5946,1966,5605.9%17.3%
ExpensesRs m3,7794,4364,6514.9%23.1%
Gross profitRs m1,6621,6841,7664.9%6.2%
DepreciationRs m1752282332.3%33.2%
InterestRs m11849175.4%3692.3%
Profit before taxRs m1,6381,5151,6166.7%-1.4%
TaxRs m38536845222.8%17.6%
Profit after taxRs m1,2541,1461,1641.5%-7.2%
Gross profit margin%30.527.527.5
Effective tax rate%23.524.328.0
Net profit margin%22.418.517.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 18.1% on a year-on-year (YoY) basis. The expenses were up by 23.1% YoY during the same period.
  • The company's operating profit increased by 6.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.5% in 2QFY20 as against 30.5% in 2QFY19.
  • Depreciation charges increased by 33.2% and finance costs increased by 3692.3% YoY, respectively.
  • Other income declined by 13.3% YoY during the quarter.
  • Net profit for the quarter declined by 7.2% YoY. Net profit margins during the quarter declined from 22.4% in 2QFY19 to 17.7% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.9% QoQ during the same period.
  • The company's operating profit increased by 4.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.5% in 2QFY20 as against 27.5% in 1QFY19.
  • Net profit for the quarter increased by 1.5% QoQ, while net profit margins declined from 18.5% in 1QFY19 to 17.7% in 2QFY20.

To see how AJANTA PHARMA has performed over the last eight quarters,please visit here.

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AJANTA PHARMA Share Price Performance

Over the last one year,AJANTA PHARMA share price has moved down from Rs 1,058.0 to Rs 996.0, registering a Loss of Rs 62.0 or around 5.9%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 13,228.6 (down 0.7%). Over the last one year it has moved down from 14,540.6 to 13,228.6, a gain of 1,312 points (down 9.0%).

Overall, the S&P BSE SENSEX is up 15.1% over the year.

Current Valuations

At the current price of Rs 996.0, the price to earnings (P/E) ratio of AJANTA PHARMA stands at 22.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.9 times.

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