AJANTA PHARMA Announces Quarterly Results (3QFY20); Net Profit Up 60.8%

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AJANTA PHARMA Announces Quarterly Results (3QFY20); Net Profit Up 60.8%
Thu, 6 Feb

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

AJANTA PHARMA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m4,8516,4286,5121.3%34.2%
Other incomeRs m4413214610.7%232.0%
TurnoverRs m4,8956,5606,6591.5%36.0%
ExpensesRs m3,7784,6514,6520.0%23.1%
Gross profitRs m1,0731,7661,8565.1%73.0%
DepreciationRs m1872332361.3%26.4%
InterestRs m14916-68.2%1644.4%
Profit before taxRs m9301,6161,7518.4%88.4%
TaxRs m26145267649.4%159.2%
Profit after taxRs m6691,1641,076-7.6%60.8%
Gross profit margin%22.127.528.5
Effective tax rate%28.028.038.6
Net profit margin%13.717.716.2
* 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 34.2% 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 73.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.5% in 3QFY20 as against 22.1% in 3QFY19.
  • Depreciation charges increased by 26.4% and finance costs increased by 1644.4% YoY, respectively.
  • Other income increased by 232.0% YoY during the quarter.
  • Net profit for the quarter increased by 60.8% YoY. Net profit margins during the quarter increased from 13.7% in 3QFY19 to 16.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.0% QoQ during the same period.
  • The company's operating profit increased by 5.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.5% in 3QFY20 as against 27.5% in 2QFY19.
  • Net profit for the quarter declined by 7.6% QoQ, while net profit margins declined from 17.7% in 2QFY19 to 16.2% in 3QFY20.

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 up from Rs 932.3 to Rs 1,297.9, registering a Gain of Rs 365.7 or around 39.2%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,045.9 (up 0.7%). Over the last one year it has moved up from 13,863.1 to 14,045.9, a gain of 183 points (up 1.3%).

Overall, the S&P BSE SENSEX is up 12.7% over the year.

Current Valuations

At the current price of Rs 1,297.9, the price to earnings (P/E) ratio of AJANTA PHARMA stands at 26.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.1 times.

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