CADILA HEALTHCARE Announces Quarterly Results (3QFY19); Net Profit Down 3.7%

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CADILA HEALTHCARE Announces Quarterly Results (3QFY19); Net Profit Down 3.7%
Tue, 12 Feb

CADILA HEALTHCARE has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

CADILA HEALTHCARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m32,59629,61235,77920.8%9.8%
Other incomeRs m4113043102.0%-24.6%
TurnoverRs m33,00729,91636,08920.6%9.3%
ExpensesRs m24,18422,73427,38020.4%13.2%
Gross profitRs m8,3116,7718,39924.0%1.1%
DepreciationRs m1,4731,4751,5374.2%4.3%
InterestRs m13535745527.5%237.0%
Profit before taxRs m7,1145,2436,71728.1%-5.6%
TaxRs m1,7861,2471,58627.2%-11.2%
Profit after taxRs m5,3283,9965,13128.4%-3.7%
Gross profit margin%25.522.923.5
Effective tax rate%25.123.823.6
Net profit margin%16.113.414.2
* 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 9.8% on a year-on-year (YoY) basis. The expenses were up by 13.2% YoY during the same period.
  • The company's operating profit increased by 1.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.5% in 3QFY19 as against 25.5% in 3QFY18.
  • Depreciation charges increased by 4.3% and finance costs increased by 237.0% YoY, respectively.
  • Other income declined by 24.6% YoY during the quarter.
  • Net profit for the quarter declined by 3.7% YoY. Net profit margins during the quarter declined from 16.1% in 3QFY18 to 14.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 20.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 20.4% QoQ during the same period.
  • The company's operating profit increased by 24.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.5% in 3QFY19 as against 22.9% in 2QFY18.
  • Net profit for the quarter increased by 28.4% QoQ, while net profit margins increased from 13.4% in 2QFY18 to 14.2% in 3QFY19.

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

CADILA HEALTHCARE Share Price Performance

Over the last one year, CADILA HEALTHCARE share price has moved up from Rs 423.2 to Rs 324.3, registering a Loss of Rs 98.9 or around 23.4%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 13,718.3 (down 0.0%). Over the last one year it has moved down from 14,517.2 to 13,718.3, a gain of 799 points (down 5.5%).

Overall, the S&P BSE SENSEX is up 6.1% over the year.

Current Valuations

At the current price of Rs 324.3, the price to earnings (P/E) ratio of CADILA HEALTHCARE stands at 16.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

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