CADILA HEALTHCARE Announces Quarterly Results (3QFY21); Net Profit Up 40.6%

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CADILA HEALTHCARE Announces Quarterly Results (3QFY21); Net Profit Up 40.6%
Wed, 10 Feb

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

CADILA HEALTHCARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m36,38138,20037,956-0.6%4.3%
Other incomeRs m2012752750.0%36.8%
TurnoverRs m36,58238,47538,231-0.6%4.5%
ExpensesRs m29,44929,56629,8871.1%1.5%
Gross profitRs m6,9167,3148,06910.3%16.7%
DepreciationRs m1,7411,7901,8040.8%3.6%
InterestRs m805457268-41.4%-66.7%
Profit before taxRs m4,5715,3426,27217.4%37.2%
TaxRs m9271,1061,1473.7%23.7%
Profit after taxRs m3,6444,2365,12521.0%40.6%
Gross profit margin%19.019.121.3
Effective tax rate%20.320.718.3
Net profit margin%10.011.013.4
* 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 4.3% on a year-on-year (YoY) basis. The expenses were up by 1.5% YoY during the same period.
  • The company's operating profit increased by 16.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.3% in 3QFY21 as against 19.0% in 3QFY20.
  • Depreciation charges increased by 3.6% and finance costs declined by 66.7% YoY, respectively.
  • Other income increased by 36.8% YoY during the quarter.
  • Net profit for the quarter increased by 40.6% YoY. Net profit margins during the quarter increased from 10.0% in 3QFY20 to 13.4% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.1% QoQ during the same period.
  • The company's operating profit increased by 10.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.3% in 3QFY21 as against 19.1% in 2QFY20.
  • Net profit for the quarter increased by 21.0% QoQ, while net profit margins increased from 11.0% in 2QFY20 to 13.4% in 3QFY21.

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

Learn: How to Potentially Accumulate Rs 7 Crore in Wealth Over the Long-term

CADILA HEALTHCARE Share Price Performance

Over the last one year, CADILA HEALTHCARE share price has moved up from Rs 278.8 to Rs 466.0, registering a Gain of Rs 187.2 or around 67.1%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 21,752.6 (down 0.1%). Over the last one year it has moved up from 14,241.2 to 21,752.6, a gain of 7,511 points (up 52.7%).

Overall, the S&P BSE SENSEX is up 25.0% over the year.

Current Valuations

At the current price of Rs 466.0, the price to earnings (P/E) ratio of CADILA HEALTHCARE stands at 26.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.6 times.

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

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For the quarter ended June 2020, CADILA HEALTHCARE has posted a net profit of Rs 5 bn (up 49.3% YoY). Sales on the other hand came in at Rs 36 bn (up 4.1% YoY). Read on for a complete analysis of CADILA HEALTHCARE's quarterly results.

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May 6, 2021 10:20 AM

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