DIVIS LABORATORIES Announces Quarterly Results (1QFY20); Net Profit Up 0.4%

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DIVIS LABORATORIES Announces Quarterly Results (1QFY20); Net Profit Up 0.4%
Tue, 13 Aug

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

DIVIS LABORATORIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m9,95312,56411,399-9.3%14.5%
Other incomeRs m488417316-24.2%-35.2%
TurnoverRs m10,44112,98211,716-9.8%12.2%
ExpensesRs m6,4358,4537,613-9.9%18.3%
Gross profitRs m3,5194,1113,786-7.9%7.6%
DepreciationRs m4164234383.5%5.3%
InterestRs m613220.0%-50.0%
Profit before taxRs m3,5844,1043,661-10.8%2.1%
TaxRs m9231,210988-18.4%7.1%
Profit after taxRs m2,6622,8942,674-7.6%0.4%
Gross profit margin%35.432.733.2
Effective tax rate%25.729.527.0
Net profit margin%25.522.322.8
* 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 14.5% on a year-on-year (YoY) basis. The expenses were up by 18.3% YoY during the same period.
  • The company's operating profit increased by 7.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 33.2% in 1QFY20 as against 35.4% in 1QFY19.
  • Depreciation charges increased by 5.3% and finance costs declined by 50.0% YoY, respectively.
  • Other income declined by 35.2% YoY during the quarter.
  • Net profit for the quarter increased by 0.4% YoY. Net profit margins during the quarter declined from 25.5% in 1QFY19 to 22.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.9% QoQ during the same period.
  • The company's operating profit increased by 7.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 33.2% in 1QFY20 as against 32.7% in 4QFY19.
  • Net profit for the quarter declined by 7.6% QoQ, while net profit margins increased from 22.3% in 4QFY19 to 22.8% in 1QFY20.

To see how DIVIS LABORATORIES has performed over the last eight quarters,please visit here.

DIVIS LABORATORIES Share Price Performance

Over the last one year,DIVIS LABORATORIES share price has moved up from Rs 1,119.5 to Rs 1,550.0, registering a Gain of Rs 430.5 or around 38.5%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 12,667.7 (down 0.2%). Over the last one year it has moved down from 14,332.1 to 12,667.7, a gain of 1,664 points (down 11.6%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 1,550.0, the price to earnings (P/E) ratio of DIVIS LABORATORIES stands at 30.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.0 times.

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