ZYDUS WELLNESS Announces Quarterly Results (1QFY21); Net Profit Up 10.9%

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ZYDUS WELLNESS Announces Quarterly Results (1QFY21); Net Profit Up 10.9%
Mon, 24 Aug

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

ZYDUS WELLNESS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m6,2034,8795,37410.1%-13.4%
Other incomeRs m30131840.0%-39.9%
TurnoverRs m6,2334,8925,39210.2%-13.5%
ExpensesRs m4,9823,8334,1508.3%-16.7%
Gross profitRs m1,2201,0181,22420.2%0.3%
DepreciationRs m1046964-6.7%-38.0%
InterestRs m349347346-0.3%-0.7%
Profit before taxRs m79861583235.3%4.1%
TaxRs m-6-76-61
Profit after taxRs m80469189229.1%10.9%
Gross profit margin%19.720.922.8
Effective tax rate%-0.7-12.4-7.3
Net profit margin%12.914.116.5
* 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 fell 13.4% on a year-on-year (YoY) basis. The expenses were down by 16.7% YoY during the same period.
  • The company's operating profit increased by 0.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.8% in 1QFY21 as against 19.7% in 1QFY20.
  • Depreciation charges declined by 38.0% and finance costs declined by 0.7% YoY, respectively.
  • Other income declined by 39.9% YoY during the quarter.
  • Net profit for the quarter increased by 10.9% YoY. Net profit margins during the quarter increased from 12.9% in 1QFY20 to 16.5% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.3% QoQ during the same period.
  • The company's operating profit increased by 20.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.8% in 1QFY21 as against 20.9% in 4QFY20.
  • Net profit for the quarter increased by 29.1% QoQ, while net profit margins increased from 14.1% in 4QFY20 to 16.5% in 1QFY21.

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

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ZYDUS WELLNESS Share Price Performance

Over the last one year,ZYDUS WELLNESS share price has moved up from Rs 1,561.0 to Rs 1,690.7, registering a Gain of Rs 129.7 or around 8.3%.

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 1,690.7, the price to earnings (P/E) ratio of ZYDUS WELLNESS stands at 43.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

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Nov 26, 2020 03:34 PM

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