BIOCON Announces Quarterly Results (4QFY21); Net Profit Up 118.6%

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BIOCON Announces Quarterly Results (4QFY21); Net Profit Up 118.6%
Thu, 8 Jul

BIOCON has announced its results for the quarter ended March 2021. Here is a detailed performance review of the same:

BIOCON Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m15,81018,51018,387-0.7%16.3%
Other incomeRs m6312792,054636.2%225.5%
TurnoverRs m16,44118,78920,4418.8%24.3%
ExpensesRs m12,62414,51514,029-3.3%11.1%
Gross profitRs m3,1863,9954,48412.2%40.7%
DepreciationRs m1,5241,8631,843-1.1%20.9%
InterestRs m16848339606.3%101.8%
Profit before taxRs m2,1252,3634,35684.3%105.0%
TaxRs m45048969441.9%54.2%
Profit after taxRs m1,6751,8743,66295.4%118.6%
Gross profit margin%20.221.624.4
Effective tax rate%21.220.715.9
Net profit margin%10.210.017.9
* 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 16.3% on a year-on-year (YoY) basis. The expenses were up by 11.1% YoY during the same period.
  • The company's operating profit increased by 40.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.4% in 4QFY21 as against 20.2% in 4QFY20.
  • Depreciation charges increased by 20.9% and finance costs increased by 101.8% YoY, respectively.
  • Other income increased by 225.5% YoY during the quarter.
  • Net profit for the quarter increased by 118.6% YoY. Net profit margins during the quarter increased from 10.2% in 4QFY20 to 17.9% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.3% QoQ during the same period.
  • The company's operating profit increased by 12.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.4% in 4QFY21 as against 21.6% in 3QFY20.
  • Net profit for the quarter increased by 95.4% QoQ, while net profit margins increased from 10.0% in 3QFY20 to 17.9% in 4QFY21.

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 401.5 to Rs 389.0, registering a Loss of Rs 12.5 or around 3.1%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 25,707.1 (down 1.0%). Over the last one year it has moved up from 16,363.1 to 25,707.1, a gain of 9,344 points (up 57.1%).

Overall, the S&P BSE SENSEX is up 44.0% over the year.

Current Valuations

At the current price of Rs 389.0, the price to earnings (P/E) ratio of BIOCON stands at 50.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.1 times.

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