BIOCON LTD Announces Quarterly Results (2QFY19); Net Profit Up 501.9%

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BIOCON LTD Announces Quarterly Results (2QFY19); Net Profit Up 501.9%
Fri, 9 Nov

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

BIOCON LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m9,68611,23813,21017.5%36.4%
Other incomeRs m508688544-20.9%7.1%
TurnoverRs m10,19411,92613,75415.3%34.9%
ExpensesRs m7,8638,8609,81410.8%24.8%
Gross profitRs m1,6202,3785,284122.2%226.2%
DepreciationRs m9369911,12213.2%19.9%
InterestRs m1381761886.8%36.2%
Profit before taxRs m1,0541,8994,518137.9%328.7%
TaxRs m42552173240.5%72.2%
Profit after taxRs m6291,3783,786174.7%501.9%
Gross profit margin%16.721.240.0
Effective tax rate%40.327.416.2
Net profit margin%6.211.627.5
* 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 36.4% on a year-on-year (YoY) basis. The expenses were up by 24.8% YoY during the same period.
  • The company's operating profit increased by 226.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.0% in 2QFY19 as against 16.7% in 2QFY18.
  • Depreciation charges increased by 19.9% and finance costs increased by 36.2% YoY, respectively.
  • Other income increased by 7.1% YoY during the quarter.
  • Net profit for the quarter increased by 501.9% YoY. Net profit margins during the quarter increased from 6.2% in 2QFY18 to 27.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 17.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.8% QoQ during the same period.
  • The company's operating profit increased by 122.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.0% in 2QFY19 as against 21.2% in 1QFY18.
  • Net profit for the quarter increased by 174.7% QoQ, while net profit margins increased from 11.6% in 1QFY18 to 27.5% in 2QFY19.

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 400.7 to Rs 636.5, registering a Gain of Rs 235.9 or around 58.9%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,681.6 (up 1.0%). Over the last one year it has moved up from 13,987.8 to 14,681.6, a gain of 694 points (up 5.0%).

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 636.5, the price to earnings (P/E) ratio of BIOCON LTD stands at 50.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.4 times.

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