CIPLA Announces Quarterly Results (2QFY20); Net Profit Up 31.2%

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CIPLA Announces Quarterly Results (2QFY20); Net Profit Up 31.2%
Thu, 14 Nov

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

CIPLA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m40,11939,89043,95810.2%9.6%
Other incomeRs m1,3267841,00528.3%-24.2%
TurnoverRs m41,44540,67444,96310.5%8.5%
ExpensesRs m33,09730,84434,86313.0%5.3%
Gross profitRs m7,0229,0469,0950.5%29.5%
DepreciationRs m2,8192,6802,8305.6%0.4%
InterestRs m444521461-11.6%3.8%
Profit before taxRs m5,0856,6296,8102.7%33.9%
TaxRs m1,4241,9222,0064.3%40.8%
Profit after taxRs m3,6614,7074,8042.1%31.2%
Gross profit margin%17.522.720.7
Effective tax rate%28.029.029.4
Net profit margin%8.811.610.7
* 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 9.6% on a year-on-year (YoY) basis. The expenses were up by 5.3% YoY during the same period.
  • The company's operating profit increased by 29.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.7% in 2QFY20 as against 17.5% in 2QFY19.
  • Depreciation charges increased by 0.4% and finance costs increased by 3.8% YoY, respectively.
  • Other income declined by 24.2% YoY during the quarter.
  • Net profit for the quarter increased by 31.2% YoY. Net profit margins during the quarter increased from 8.8% in 2QFY19 to 10.7% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.0% QoQ during the same period.
  • The company's operating profit increased by 0.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.7% in 2QFY20 as against 22.7% in 1QFY19.
  • Net profit for the quarter increased by 2.1% QoQ, while net profit margins declined from 11.6% in 1QFY19 to 10.7% in 2QFY20.

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

Free Guide: Find the Next Crorepati Stock in this Futuristic Industry

CIPLA Share Price Performance

Over the last one year,CIPLA share price has moved down from Rs 520.1 to Rs 450.4, registering a Loss of Rs 69.7 or around 13.4%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 12,939.9 (up 0.0%). Over the last one year it has moved down from 14,231.1 to 12,939.9, a gain of 1,291 points (down 9.1%).

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 450.4, the price to earnings (P/E) ratio of CIPLA stands at 22.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

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