ZYDUS WELLNESS Announces Quarterly Results (3QFY21); Net Profit Down 59.0%

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ZYDUS WELLNESS Announces Quarterly Results (3QFY21); Net Profit Down 59.0%
Tue, 2 Feb

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

ZYDUS WELLNESS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m3,3273,4203,81611.6%14.7%
Other incomeRs m242825-10.3%3.7%
TurnoverRs m3,3513,4483,84111.4%14.6%
ExpensesRs m3,0003,1493,3215.5%10.7%
Gross profitRs m327-708154-53.1%
DepreciationRs m536563-3.5%17.2%
InterestRs m35330899-68.0%-72.0%
Profit before taxRs m-55-1,05317
TaxRs m-97000.0%
Profit after taxRs m42-1,05317-59.0%
Gross profit margin%9.8-20.74.0
Effective tax rate%177.70.00.0
Net profit margin%1.3-30.60.5
* 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 grew 14.7% on a year-on-year (YoY) basis. The expenses were up by 10.7% YoY during the same period.
  • The company's operating profit declined by 53.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.0% in 3QFY21 as against 9.8% in 3QFY20.
  • Depreciation charges increased by 17.2% and finance costs declined by 72.0% YoY, respectively.
  • Other income increased by 3.7% YoY during the quarter.
  • Net profit for the quarter declined by 59.0% YoY. Net profit margins during the quarter declined from 1.3% in 3QFY20 to 0.5% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.5% QoQ during the same period.
  • The company's operating profit declined by 121.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.0% in 3QFY21 as against 20.7% in 2QFY20.
  • Net profit for the quarter increased by 101.7% QoQ, while net profit margins increased from -30.5% in 2QFY20 to 0.5% in 3QFY21.

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 1,479.6 to Rs 1,940.2, registering a Gain of Rs 460.7 or around 31.1%.

Overall, the S&P BSE SENSEX is up 20.3% over the year.

Current Valuations

At the current price of Rs 1,940.2, the price to earnings (P/E) ratio of ZYDUS WELLNESS stands at 138.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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