CADILA HEALTHCARE Announces Quarterly Results (1QFY21); Net Profit Up 49.3%

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CADILA HEALTHCARE Announces Quarterly Results (1QFY21); Net Profit Up 49.3%
Fri, 21 Aug

CADILA HEALTHCARE has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

CADILA HEALTHCARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m34,96337,52136,399-3.0%4.1%
Other incomeRs m226443225-49.2%-0.4%
TurnoverRs m35,18937,96436,624-3.5%4.1%
ExpensesRs m28,64329,60928,245-4.6%-1.4%
Gross profitRs m6,3207,3878,15410.4%29.0%
DepreciationRs m1,7161,7851,768-1.0%3.0%
InterestRs m891825677-17.9%-24.0%
Profit before taxRs m3,9395,2205,93413.7%50.6%
TaxRs m7911,0851,23513.8%56.1%
Profit after taxRs m3,1484,1354,69913.6%49.3%
Gross profit margin%18.119.722.4
Effective tax rate%20.120.820.8
Net profit margin%8.910.912.8
* 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 4.1% on a year-on-year (YoY) basis. The expenses were down by 1.4% YoY during the same period.
  • The company's operating profit increased by 29.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.4% in 1QFY21 as against 18.1% in 1QFY20.
  • Depreciation charges increased by 3.0% and finance costs declined by 24.0% YoY, respectively.
  • Other income declined by 0.4% YoY during the quarter.
  • Net profit for the quarter increased by 49.3% YoY. Net profit margins during the quarter increased from 8.9% in 1QFY20 to 12.8% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.6% QoQ during the same period.
  • The company's operating profit increased by 10.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.4% in 1QFY21 as against 19.7% in 4QFY20.
  • Net profit for the quarter increased by 13.6% QoQ, while net profit margins increased from 10.9% in 4QFY20 to 12.8% in 1QFY21.

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

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CADILA HEALTHCARE Share Price Performance

Over the last one year,CADILA HEALTHCARE share price has moved up from Rs 213.9 to Rs 398.9, registering a Gain of Rs 185.0 or around 86.5%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 19,313.5 (up 1.2%). Over the last one year it has moved up from 12,407.6 to 19,313.5, a gain of 6,906 points (up 55.7%).

Overall, the S&P BSE SENSEX is up 3.2% over the year.

Current Valuations

At the current price of Rs 398.9, the price to earnings (P/E) ratio of CADILA HEALTHCARE stands at 30.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.9 times.

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Related Views on News

CADILA HEALTHCARE Announces Quarterly Results (2QFY20); Net Profit Down 79.3% (Quarterly Result Update)

Nov 15, 2019 | Updated on Nov 15, 2019

For the quarter ended September 2019, CADILA HEALTHCARE has posted a net profit of Rs 829 m (down 79.3% YoY). Sales on the other hand came in at Rs 34 bn (up 13.7% YoY). Read on for a complete analysis of CADILA HEALTHCARE's quarterly results.

CADILA HEALTHCARE Announces Quarterly Results (1QFY20); Net Profit Down 28.9% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, CADILA HEALTHCARE has posted a net profit of Rs 3 bn (down 28.9% YoY). Sales on the other hand came in at Rs 35 bn (up 20.8% YoY). Read on for a complete analysis of CADILA HEALTHCARE's quarterly results.

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Oct 22, 2020 03:36 PM

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