DIVIS LABORATORIES Announces Quarterly Results (1QFY22); Net Profit Up 13.2%

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DIVIS LABORATORIES Announces Quarterly Results (1QFY22); Net Profit Up 13.2%
Mon, 9 Aug

DIVIS LABORATORIES has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

DIVIS LABORATORIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m17,30517,88219,6069.6%13.3%
Other incomeRs m17323536052.9%107.6%
TurnoverRs m17,47818,11719,96610.2%14.2%
ExpensesRs m10,30410,71911,0863.4%7.6%
Gross profitRs m7,0017,1638,52119.0%21.7%
DepreciationRs m5627017334.5%30.4%
InterestRs m22333.3%21.7%
Profit before taxRs m6,6106,6958,14521.7%23.2%
TaxRs m1,6891,6752,57453.7%52.4%
Profit after taxRs m4,9215,0205,57111.0%13.2%
Gross profit margin%40.540.143.5
Effective tax rate%25.625.031.6
Net profit margin%28.227.727.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 13.3% on a year-on-year (YoY) basis. The expenses were up by 7.6% YoY during the same period.
  • The company's operating profit increased by 21.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 43.5% in 1QFY22 as against 40.5% in 1QFY21.
  • Depreciation charges increased by 30.4% and finance costs increased by 21.7% YoY, respectively.
  • Other income increased by 107.6% YoY during the quarter.
  • Net profit for the quarter increased by 13.2% YoY. Net profit margins during the quarter declined from 28.2% in 1QFY21 to 27.9% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.4% QoQ during the same period.
  • The company's operating profit increased by 19.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 43.5% in 1QFY22 as against 40.1% in 4QFY21.
  • Net profit for the quarter increased by 11.0% QoQ, while net profit margins increased from 27.7% in 4QFY21 to 27.9% in 1QFY22.

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 2,784.3 to Rs 4,912.0, registering a Gain of Rs 2,127.8 or around 76.4%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 26,357.8 (down 0.0%). Over the last one year it has moved up from 18,760.8 to 26,357.8, a gain of 7,597 points (up 40.5%).

Overall, the S&P BSE SENSEX is up 44.4% over the year.

Current Valuations

At the current price of Rs 4,912.0, the price to earnings (P/E) ratio of DIVIS LABORATORIES stands at 63.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.0 times.

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DIVIS LABORATORIES Announces Quarterly Results (4QFY21); Net Profit Up 29.3% (Quarterly Result Update)

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