ZYDUS WELLNESS Announces Quarterly Results (3QFY20); Net Profit Down 89.5%

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ZYDUS WELLNESS Announces Quarterly Results (3QFY20); Net Profit Down 89.5%
Thu, 6 Feb

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

ZYDUS WELLNESS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m1,4543,2603,3272.0%128.8%
Other incomeRs m1044024-38.5%-76.7%
TurnoverRs m1,5583,3003,3511.6%115.0%
ExpensesRs m1,0773,0563,000-1.9%178.5%
Gross profitRs m37720432760.3%-13.3%
DepreciationRs m21385339.8%154.3%
InterestRs m53513530.4%7563.0%
Profit before taxRs m456-146-55-112.0%
TaxRs m52-26-97-288.0%
Profit after taxRs m404-12042-89.5%
Gross profit margin%25.96.39.8
Effective tax rate%11.317.6177.7
Net profit margin%25.9-3.61.3
* 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 128.8% on a year-on-year (YoY) basis. The expenses were up by 178.5% YoY during the same period.
  • The company's operating profit declined by 13.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.8% in 3QFY20 as against 25.9% in 3QFY19.
  • Depreciation charges increased by 154.3% and finance costs increased by 7563.0% YoY, respectively.
  • Other income declined by 76.7% YoY during the quarter.
  • Net profit for the quarter declined by 89.5% YoY. Net profit margins during the quarter declined from 25.9% in 3QFY19 to 1.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.9% QoQ during the same period.
  • The company's operating profit increased by 60.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.8% in 3QFY20 as against 6.3% in 2QFY19.
  • Net profit for the quarter increased by 135.3% QoQ, while net profit margins increased from -3.6% in 2QFY19 to 1.3% in 3QFY20.

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 1,314.7 to Rs 1,472.5, registering a Gain of Rs 157.8 or around 12.0%.

Overall, the S&P BSE SENSEX is up 12.4% over the year.

Current Valuations

At the current price of Rs 1,472.5, the price to earnings (P/E) ratio of ZYDUS WELLNESS stands at 42.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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