BIOCON Announces Quarterly Results (3QFY20); Net Profit Up 1.2%

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BIOCON Announces Quarterly Results (3QFY20); Net Profit Up 1.2%
Fri, 24 Jan

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

BIOCON Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m15,40815,72217,48111.2%13.5%
Other incomeRs m256384358-6.8%39.8%
TurnoverRs m15,66416,10617,83910.8%13.9%
ExpensesRs m11,60111,69413,03911.5%12.4%
Gross profitRs m3,8654,7034,442-5.5%14.9%
DepreciationRs m1,1671,3161,4409.4%23.4%
InterestRs m18613817728.3%-4.8%
Profit before taxRs m2,7683,6333,183-12.4%15.0%
TaxRs m4611,001848-15.3%83.9%
Profit after taxRs m2,3072,6322,335-11.3%1.2%
Gross profit margin%25.129.925.4
Effective tax rate%16.727.626.6
Net profit margin%14.716.313.1
* 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 13.5% on a year-on-year (YoY) basis. The expenses were up by 12.4% YoY during the same period.
  • The company's operating profit increased by 14.9% YoY during the quarter. Consequently, operating profit margins remained same and stood at 25.4% in 3QFY20.
  • Depreciation charges increased by 23.4% and finance costs declined by 4.8% YoY, respectively.
  • Other income increased by 39.8% YoY during the quarter.
  • Net profit for the quarter increased by 1.2% YoY. Net profit margins during the quarter declined from 14.7% in 3QFY19 to 13.1% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.5% QoQ during the same period.
  • The company's operating profit declined by 5.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.4% in 3QFY20 as against 29.9% in 2QFY19.
  • Net profit for the quarter declined by 11.3% QoQ, while net profit margins declined from 16.3% in 2QFY19 to 13.1% in 3QFY20.

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

BIOCON Share Price Performance

Over the last one year,BIOCON share price has moved down from Rs 335.2 to Rs 294.2, registering a Loss of Rs 41.0 or around 12.2%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,154.4 (up 0.3%). Over the last one year it has moved up from 13,998.7 to 14,154.4, a gain of 156 points (up 1.1%).

Overall, the S&P BSE SENSEX is up 15.4% over the year.

Current Valuations

At the current price of Rs 294.2, the price to earnings (P/E) ratio of BIOCON stands at 25.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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Related Views on News

BIOCON Announces Quarterly Results (2QFY20); Net Profit Down 30.5% (Quarterly Result Update)

Nov 1, 2019 | Updated on Nov 1, 2019

For the quarter ended September 2019, BIOCON has posted a net profit of Rs 3 bn (down 30.5% YoY). Sales on the other hand came in at Rs 16 bn (up 19.0% YoY). Read on for a complete analysis of BIOCON 's quarterly results.

BIOCON Announces Quarterly Results (1QFY20); Net Profit Down 11.5% (Quarterly Result Update)

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, BIOCON has posted a net profit of Rs 1 bn (down 11.5% YoY). Sales on the other hand came in at Rs 5 bn (down 57.2% YoY). Read on for a complete analysis of BIOCON 's quarterly results.

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