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.

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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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BIOCON Announces Quarterly Results (3QFY21); Net Profit Down 19.7% (Quarterly Result Update)

Jan 25, 2021 | Updated on Jan 25, 2021

For the quarter ended December 2020, BIOCON has posted a net profit of Rs 2 bn (down 19.7% YoY). Sales on the other hand came in at Rs 19 bn (up 5.9% YoY). Read on for a complete analysis of BIOCON 's quarterly results.

BIOCON Announces Quarterly Results (2QFY21); Net Profit Down 23.9% (Quarterly Result Update)

Oct 29, 2020 | Updated on Oct 29, 2020

For the quarter ended September 2020, BIOCON has posted a net profit of Rs 2 bn (down 23.9% YoY). Sales on the other hand came in at Rs 17 bn (up 11.0% YoY). Read on for a complete analysis of BIOCON 's quarterly results.

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