DIVIS LABORATORIES Announces Quarterly Results (1QFY21); Net Profit Up 84.1%

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DIVIS LABORATORIES Announces Quarterly Results (1QFY21); Net Profit Up 84.1%
Mon, 10 Aug

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

DIVIS LABORATORIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m11,39913,76217,10024.2%50.0%
Other incomeRs m316765179-76.6%-43.5%
TurnoverRs m11,71614,52817,27818.9%47.5%
ExpensesRs m7,6139,27610,1109.0%32.8%
Gross profitRs m3,7864,4866,99055.8%84.6%
DepreciationRs m43849556013.0%27.8%
InterestRs m342-55.0%-43.8%
Profit before taxRs m3,6614,7526,60739.0%80.5%
TaxRs m9888341,685101.9%70.6%
Profit after taxRs m2,6743,9184,92325.6%84.1%
Gross profit margin%33.232.640.9
Effective tax rate%27.017.625.5
Net profit margin%22.827.028.5
* 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 50.0% on a year-on-year (YoY) basis. The expenses were up by 32.8% YoY during the same period.
  • The company's operating profit increased by 84.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.9% in 1QFY21 as against 33.2% in 1QFY20.
  • Depreciation charges increased by 27.8% and finance costs declined by 43.8% YoY, respectively.
  • Other income declined by 43.5% YoY during the quarter.
  • Net profit for the quarter increased by 84.1% YoY. Net profit margins during the quarter increased from 22.8% in 1QFY20 to 28.5% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 24.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.0% QoQ during the same period.
  • The company's operating profit increased by 55.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.9% in 1QFY21 as against 32.6% in 4QFY20.
  • Net profit for the quarter increased by 25.6% QoQ, while net profit margins increased from 27.0% in 4QFY20 to 28.5% in 1QFY21.

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

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DIVIS LABORATORIES Share Price Performance

Over the last one year,DIVIS LABORATORIES share price has moved up from Rs 1,665.5 to Rs 3,112.5, registering a Gain of Rs 1,447.0 or around 86.9%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 19,343.0 (up 3.1%). Over the last one year it has moved up from 12,693.7 to 19,343.0, a gain of 6,649 points (up 52.4%).

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 3,112.5, the price to earnings (P/E) ratio of DIVIS LABORATORIES stands at 51.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.9 times.

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DIVIS LABORATORIES Announces Quarterly Results (4QFY20); Net Profit Up 35.4% (Quarterly Result Update)

Jun 8, 2020 | Updated on Jun 8, 2020

For the quarter ended March 2020, DIVIS LABORATORIES has posted a net profit of Rs 4 bn (up 35.4% YoY). Sales on the other hand came in at Rs 14 bn (up 9.5% YoY). Read on for a complete analysis of DIVIS LABORATORIES's quarterly results.

DIVIS LABORATORIES Announces Quarterly Results (3QFY20); Net Profit Down 4.9% (Quarterly Result Update)

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