ALKEM LABORATORIES Announces Quarterly Results (1QFY22); Net Profit Up 13.5%

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ALKEM LABORATORIES Announces Quarterly Results (1QFY22); Net Profit Up 13.5%
Mon, 9 Aug

ALKEM LABORATORIES has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

ALKEM LABORATORIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m19,92021,92227,31424.6%37.1%
Other incomeRs m5504634670.8%-15.2%
TurnoverRs m20,47022,38427,78024.1%35.7%
ExpensesRs m14,70319,01121,38512.5%45.4%
Gross profitRs m5,2172,9115,929103.7%13.6%
DepreciationRs m6686857052.9%5.5%
InterestRs m17110712920.1%-24.8%
Profit before taxRs m4,9282,5825,561115.4%12.9%
TaxRs m69689759748.9%9.1%
Profit after taxRs m4,2322,4924,80292.7%13.5%
Gross profit margin%26.213.321.7
Effective tax rate%14.13.513.6
Net profit margin%20.711.117.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 37.1% on a year-on-year (YoY) basis. The expenses were up by 45.4% YoY during the same period.
  • The company's operating profit increased by 13.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.7% in 1QFY22 as against 26.2% in 1QFY21.
  • Depreciation charges increased by 5.5% and finance costs declined by 24.8% YoY, respectively.
  • Other income declined by 15.2% YoY during the quarter.
  • Net profit for the quarter increased by 13.5% YoY. Net profit margins during the quarter declined from 20.7% in 1QFY21 to 17.3% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 24.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.5% QoQ during the same period.
  • The company's operating profit increased by 103.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.7% in 1QFY22 as against 13.3% in 4QFY21.
  • Net profit for the quarter increased by 92.7% QoQ, while net profit margins increased from 11.1% in 4QFY21 to 17.3% in 1QFY22.

To see how ALKEM LABORATORIES has performed over the last eight quarters,please visit here.

ALERT: Top Investment Recommendation for 2022

ALKEM LABORATORIES Share Price Performance

Over the last one year, ALKEM LABORATORIES share price has moved up from Rs 2,980.3 to Rs 3,509.0, registering a Gain of Rs 528.7 or around 17.7%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 26,357.8 (down 0.0%). Over the last one year it has moved up from 18,760.8 to 26,357.8, a gain of 7,597 points (up 40.5%).

Overall, the S&P BSE SENSEX is up 44.4% over the year.

Current Valuations

At the current price of Rs 3,509.0, the price to earnings (P/E) ratio of ALKEM LABORATORIES stands at 25.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.7 times.

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ALKEM LABORATORIES 2020-21 Annual Report Analysis (Annual Result Update)

Aug 9, 2021 | Updated on Aug 9, 2021

Here's an analysis of the annual report of ALKEM LABORATORIES for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of ALKEM LABORATORIES. Also includes updates on the valuation of ALKEM LABORATORIES.

ALKEM LABORATORIES Announces Quarterly Results (4QFY21); Net Profit Up 30.1% (Quarterly Result Update)

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For the quarter ended March 2021, ALKEM LABORATORIES has posted a net profit of Rs 2 bn (up 30.1% YoY). Sales on the other hand came in at Rs 22 bn (up 7.0% YoY). Read on for a complete analysis of ALKEM LABORATORIES's quarterly results.

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