CIPLA Announces Quarterly Results (1QFY21); Net Profit Up 21.4%

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CIPLA Announces Quarterly Results (1QFY21); Net Profit Up 21.4%
Mon, 10 Aug

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

CIPLA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m39,89043,76242,769-2.3%7.2%
Other incomeRs m784932655-29.8%-16.5%
TurnoverRs m40,67444,69443,423-2.8%6.8%
ExpensesRs m30,84437,42732,974-11.9%6.9%
Gross profitRs m9,0466,33510,48865.5%15.9%
DepreciationRs m2,6803,4582,690-22.2%0.4%
InterestRs m521530460-13.2%-11.7%
Profit before taxRs m6,6293,2797,992143.7%20.6%
TaxRs m1,9228562,278166.1%18.5%
Profit after taxRs m4,7072,4235,714135.8%21.4%
Gross profit margin%22.714.524.5
Effective tax rate%29.026.128.5
Net profit margin%11.65.413.2
* 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 7.2% on a year-on-year (YoY) basis. The expenses were up by 6.9% YoY during the same period.
  • The company's operating profit increased by 15.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.5% in 1QFY21 as against 22.7% in 1QFY20.
  • Depreciation charges increased by 0.4% and finance costs declined by 11.7% YoY, respectively.
  • Other income declined by 16.5% YoY during the quarter.
  • Net profit for the quarter increased by 21.4% YoY. Net profit margins during the quarter increased from 11.6% in 1QFY20 to 13.2% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.9% QoQ during the same period.
  • The company's operating profit increased by 65.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.5% in 1QFY21 as against 14.5% in 4QFY20.
  • Net profit for the quarter increased by 135.8% QoQ, while net profit margins increased from 5.4% in 4QFY20 to 13.2% in 1QFY21.

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

Today at 5pm: Get the details of India's #1 defence stock

CIPLA Share Price Performance

Over the last one year,CIPLA share price has moved up from Rs 485.2 to Rs 798.1, registering a Gain of Rs 312.9 or around 64.5%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 19,658.3 (up 4.8%). Over the last one year it has moved up from 12,693.7 to 19,658.3, a gain of 6,965 points (up 54.9%).

Overall, the S&P BSE SENSEX is up 4.1% over the year.

Current Valuations

At the current price of Rs 798.1, the price to earnings (P/E) ratio of CIPLA stands at 39.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

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May 19, 2020 | Updated on May 19, 2020

For the quarter ended March 2020, CIPLA has posted a net profit of Rs 2 bn (down 35.1% YoY). Sales on the other hand came in at Rs 44 bn (down 0.6% YoY). Read on for a complete analysis of CIPLA's quarterly results.

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Oct 22, 2020 02:54 PM

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