ZYDUS WELLNESS Announces Quarterly Results (1QFY20); Net Profit Up 212.5%

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ZYDUS WELLNESS Announces Quarterly Results (1QFY20); Net Profit Up 212.5%
Fri, 2 Aug

ZYDUS WELLNESS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ZYDUS WELLNESS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,4314,1626,20349.0%333.6%
Other incomeRs m988530-64.3%-69.0%
TurnoverRs m1,5284,2466,23346.8%307.9%
ExpensesRs m1,2103,4014,98246.5%311.9%
Gross profitRs m2157601,22060.5%468.3%
DepreciationRs m206310464.8%407.4%
InterestRs m428834921.2%8197.6%
Profit before taxRs m28849579861.4%177.4%
TaxRs m31-128-6-118.4%
Profit after taxRs m25762380429.0%212.5%
Gross profit margin%15.018.319.7
Effective tax rate%10.6-25.9-0.7
Net profit margin%16.814.712.9
* 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 333.6% on a year-on-year (YoY) basis. The expenses were up by 311.9% YoY during the same period.
  • The company's operating profit increased by 468.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.7% in 1QFY20 as against 15.0% in 1QFY19.
  • Depreciation charges increased by 407.4% and finance costs increased by 8197.6% YoY, respectively.
  • Other income declined by 69.0% YoY during the quarter.
  • Net profit for the quarter increased by 212.5% YoY. Net profit margins during the quarter declined from 16.8% in 1QFY19 to 12.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 49.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 46.5% QoQ during the same period.
  • The company's operating profit increased by 60.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.7% in 1QFY20 as against 18.3% in 4QFY19.
  • Net profit for the quarter increased by 29.0% QoQ, while net profit margins declined from 14.7% in 4QFY19 to 12.9% in 1QFY20.

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

ZYDUS WELLNESS Share Price Performance

Over the last one year,ZYDUS WELLNESS share price has moved down from Rs 1,429.5 to Rs 1,405.8, registering a Loss of Rs 23.7 or around 1.7%.

Overall, the S&P BSE SENSEX is down 2.3% over the year.

Current Valuations

At the current price of Rs 1,405.8, the price to earnings (P/E) ratio of ZYDUS WELLNESS stands at 24.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.0 times.

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