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BIOCON LTD Announces Quarterly Results (1QFY19); Net Profit Up 47.2%

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BIOCON LTD Announces Quarterly Results (1QFY19); Net Profit Up 47.2%
Mon, 30 Jul

BIOCON LTD has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

BIOCON LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m9,33711,69511,238-3.9%20.4%
Other incomeRs m5406756881.9%27.4%
TurnoverRs m9,87712,37011,926-3.6%20.7%
ExpensesRs m7,4169,3658,860-5.4%19.5%
Gross profitRs m1,9212,3812,378-0.1%23.8%
DepreciationRs m9889539914.0%0.3%
InterestRs m1611691764.1%9.3%
Profit before taxRs m1,3121,9341,899-1.8%44.7%
TaxRs m37640752128.0%38.6%
Profit after taxRs m9361,5271,378-9.8%47.2%
Gross profit margin%20.620.421.2
Effective tax rate%28.721.027.4
Net profit margin%9.512.311.6
* 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 20.4% on a year-on-year (YoY) basis. The expenses were up by 19.5% YoY during the same period.
  • The company's operating profit increased by 23.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 21.2% in 1QFY19.
  • Depreciation charges and finance costs increased by 0.3% YoY and 9.3% YoY, respectively.
  • Other income increased by 27.4% YoY during the quarter.
  • Net profit for the quarter increased by 47.2% YoY. Net profit margins during the quarter increased from 9.5% in 1QFY18 to 11.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.4% QoQ during the same period.
  • The company's operating profit increased by 0.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.2% in 1QFY19 as against 20.4% in 4QFY18.
  • Net profit for the quarter declined by 9.8% QoQ, while net profit margins declined from 12.3% in 4QFY18 to 11.6% in 1QFY19.

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

BIOCON LTD Share Price Performance

Over the last one year, BIOCON LTD share price has moved up from Rs 390.2 to Rs 581.2, registering a Gain of Rs 191.1 or around 49.0%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,122.7 (up 0.7%). Over the last one year it has moved down from 14,414.2 to 14,122.7, a gain of 291 points (down 2.0%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 581.2, the price to earnings (P/E) ratio of BIOCON LTD stands at 79.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.7 times.

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