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

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CADILA HEALTHCARE Announces Quarterly Results (2QFY20); Net Profit Down 79.3%
Fri, 15 Nov

CADILA HEALTHCARE has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

CADILA HEALTHCARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m29,61234,96333,666-3.7%13.7%
Other incomeRs m30422626919.0%-11.5%
TurnoverRs m29,91635,18933,935-3.6%13.4%
ExpensesRs m22,73428,64327,410-4.3%20.6%
Gross profitRs m6,7716,3203,575-43.4%-47.2%
DepreciationRs m1,4751,7161,7230.4%16.8%
InterestRs m3578918970.7%151.3%
Profit before taxRs m5,2433,9391,224-68.9%-76.7%
TaxRs m1,247791395-50.1%-68.3%
Profit after taxRs m3,9963,148829-73.7%-79.3%
Gross profit margin%22.918.110.6
Effective tax rate%23.820.132.3
Net profit margin%13.48.92.4
* 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 13.7% on a year-on-year (YoY) basis. The expenses were up by 20.6% YoY during the same period.
  • The company's operating profit declined by 47.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.6% in 2QFY20 as against 22.9% in 2QFY19.
  • Depreciation charges increased by 16.8% and finance costs increased by 151.3% YoY, respectively.
  • Other income declined by 11.5% YoY during the quarter.
  • Net profit for the quarter declined by 79.3% YoY. Net profit margins during the quarter declined from 13.4% in 2QFY19 to 2.4% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.3% QoQ during the same period.
  • The company's operating profit declined by 43.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.6% in 2QFY20 as against 18.1% in 1QFY19.
  • Net profit for the quarter declined by 73.7% QoQ, while net profit margins declined from 8.9% in 1QFY19 to 2.4% in 2QFY20.

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 down from Rs 359.8 to Rs 234.2, registering a Loss of Rs 125.6 or around 34.9%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 12,958.4 (up 0.3%). Over the last one year it has moved down from 14,276.6 to 12,958.4, a gain of 1,318 points (down 9.2%).

Overall, the S&P BSE SENSEX is up 15.2% over the year.

Current Valuations

At the current price of Rs 234.2, the price to earnings (P/E) ratio of CADILA HEALTHCARE stands at 17.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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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.

CADILA HEALTHCARE Announces Quarterly Results (4QFY19); Net Profit Down 21.0% (Quarterly Result Update)

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