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ALEMBIC LTD Announces Quarterly Results (1QFY20); Net Profit Down 70.9%

Tue, 27 Aug

ALEMBIC LTD has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ALEMBIC LTD Quarterly Financials

No. of Mths Qtr. Ending		3 Jun-18*	3 Mar-19*	3 Jun-19*	QoQ Change	YoY Change
Net Sales	Rs m	445	253	260	2.8%	-41.5%
Other income	Rs m	13	23	15	-35.9%	15.4%
Turnover	Rs m	458	277	275	-0.5%	-39.9%
Expenses	Rs m	363	220	241	9.6%	-33.6%
Gross profit	Rs m	83	33	19	-42.6%	-76.8%
Depreciation	Rs m	6	7	7	-2.8%	7.8%
Interest	Rs m	1	1	1	16.7%	16.7%
Profit before tax	Rs m	89	49	27	-45.9%	-70.1%
Tax	Rs m	19	9	6	-31.2%	-67.0%
Profit after tax	Rs m	69	40	20	-49.4%	-70.9%
Gross profit margin	%	18.5	13.2	7.3
Effective tax rate	%	21.9	19.0	24.2
Net profit margin	%	15.1	14.4	7.3

Year-on-Year Performance:

• The company's operating income during the quarter fell 41.5% on a year-on-year (YoY) basis. The expenses were down by 33.6% YoY during the same period.
• The company's operating profit declined by 76.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.3% in 1QFY20 as against 18.5% in 1QFY19.
• Depreciation charges increased by 7.8% and finance costs increased by 16.7% YoY, respectively.
• Other income increased by 15.4% YoY during the quarter.
• Net profit for the quarter declined by 70.9% YoY. Net profit margins during the quarter declined from 15.1% in 1QFY19 to 7.3% in 1QFY20.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter grew 2.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.6% QoQ during the same period.
• The company's operating profit declined by 42.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.3% in 1QFY20 as against 13.2% in 4QFY19.
• Net profit for the quarter declined by 49.4% QoQ, while net profit margins declined from 14.4% in 4QFY19 to 7.3% in 1QFY20.

To see how ALEMBIC LTD has performed over the last eight quarters,please visit here.

ALEMBIC LTD Share Price Performance

Over the last one year,ALEMBIC LTD share price has moved down from Rs 38.8 to Rs 37.7, registering a Loss of Rs 1.1 or around 2.8%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 12,576.8 (up 0.2%). Over the last one year it has moved down from 15,556.3 to 12,576.8, a gain of 2,980 points (down 19.2%).

Overall, the S&P BSE SENSEX is down 2.7% over the year.

Current Valuations

At the current price of Rs 37.7, the price to earnings (P/E) ratio of ALEMBIC LTD stands at 54.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.