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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

BIOCON Announces Quarterly Results (3QFY21); Net Profit Down 19.7%
Mon, 25 Jan

BIOCON has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

BIOCON Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m17,48117,44818,5106.1%5.9%
Other incomeRs m35815527980.0%-22.1%
TurnoverRs m17,83917,60318,7896.7%5.3%
ExpensesRs m13,03913,53414,5157.2%11.3%
Gross profitRs m4,4423,9143,9952.1%-10.1%
DepreciationRs m1,4401,7771,8634.8%29.4%
InterestRs m1776548-26.2%-72.9%
Profit before taxRs m3,1832,2272,3636.1%-25.8%
TaxRs m848223489119.3%-42.3%
Profit after taxRs m2,3352,0041,874-6.5%-19.7%
Gross profit margin%25.422.421.6
Effective tax rate%26.610.020.7
Net profit margin%13.111.410.0
* 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 5.9% on a year-on-year (YoY) basis. The expenses were up by 11.3% YoY during the same period.
  • The company's operating profit declined by 10.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.6% in 3QFY21 as against 25.4% in 3QFY20.
  • Depreciation charges increased by 29.4% and finance costs declined by 72.9% YoY, respectively.
  • Other income declined by 22.1% YoY during the quarter.
  • Net profit for the quarter declined by 19.7% YoY. Net profit margins during the quarter declined from 13.1% in 3QFY20 to 10.0% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.2% QoQ during the same period.
  • The company's operating profit increased by 2.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.6% in 3QFY21 as against 22.4% in 2QFY20.
  • Net profit for the quarter declined by 6.5% QoQ, while net profit margins declined from 11.4% in 2QFY20 to 10.0% in 3QFY21.

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

Discover Now: One Stock for Potentially Life-changing Gains

BIOCON Share Price Performance

Over the last one year, BIOCON share price has moved up from Rs 294.5 to Rs 381.5, registering a Gain of Rs 87.1 or around 29.6%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 21,612.2 (up 1.3%). Over the last one year it has moved up from 14,108.8 to 21,612.2, a gain of 7,503 points (up 53.2%).

Overall, the S&P BSE SENSEX is up 18.3% over the year.

Current Valuations

At the current price of Rs 381.5, the price to earnings (P/E) ratio of BIOCON stands at 31.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

Equitymaster requests your view! Post a comment on "BIOCON Announces Quarterly Results (3QFY21); Net Profit Down 19.7%". Click here!

  

Related Views on News

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.

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

Jan 24, 2020 | Updated on Jan 24, 2020

For the quarter ended December 2019, BIOCON has posted a net profit of Rs 2 bn (up 1.2% YoY). Sales on the other hand came in at Rs 17 bn (up 13.5% YoY). Read on for a complete analysis of BIOCON 's quarterly results.

More Views on News

Most Popular

Time to Buy Smallcaps?(Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

The Next Smallcap Winners(Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

Sell in May and Go Away?(Fast Profits Daily)

Apr 28, 2021

Does the concept of selling stocks in the month of May, work in the Indian market?

This Fund Manager Has Taken the World by Storm. Will You Invest With Her?(Profit Hunter)

Apr 26, 2021

Should you invest with this Rockstar fund manager who has outperformed in a big way?

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

BIOCON SHARE PRICE


May 7, 2021 (Close)

TRACK BIOCON

BIOCON - SUN PHARMA COMPARISON

COMPARE BIOCON WITH

MARKET STATS