ZYDUS WELLNESS Announces Quarterly Results (2QFY19); Net Profit Up 14.3%

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ZYDUS WELLNESS Announces Quarterly Results (2QFY19); Net Profit Up 14.3%
Mon, 12 Nov

ZYDUS WELLNESS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

ZYDUS WELLNESS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,2351,4311,382-3.4%11.9%
Other incomeRs m85981024.4%20.7%
TurnoverRs m1,3201,5281,484-2.9%12.4%
ExpensesRs m8851,210997-17.6%12.6%
Gross profitRs m34321537875.9%10.0%
DepreciationRs m2220212.5%-5.9%
InterestRs m4459.5%7.0%
Profit before taxRs m40128845457.8%13.2%
TaxRs m39314031.5%2.6%
Profit after taxRs m36225741460.9%14.3%
Gross profit margin%27.815.027.3
Effective tax rate%9.710.68.8
Net profit margin%27.416.827.9
* 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 11.9% on a year-on-year (YoY) basis. The expenses were up by 12.6% YoY during the same period.
  • The company's operating profit increased by 10.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.3% in 2QFY19 as against 27.8% in 2QFY18.
  • Depreciation charges declined by 5.9% and finance costs increased by 7.0% YoY, respectively.
  • Other income increased by 20.7% YoY during the quarter.
  • Net profit for the quarter increased by 14.3% YoY. Net profit margins during the quarter increased from 27.4% in 2QFY18 to 27.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 17.6% QoQ during the same period.
  • The company's operating profit increased by 75.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.3% in 2QFY19 as against 15.0% in 1QFY18.
  • Net profit for the quarter increased by 60.9% QoQ, while net profit margins increased from 16.8% in 1QFY18 to 27.9% in 2QFY19.

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 up from Rs 915.7 to Rs 1,181.6, registering a Gain of Rs 265.9 or around 29.0%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 1,181.6, the price to earnings (P/E) ratio of ZYDUS WELLNESS stands at 33.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.7 times.

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