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DIVIS LABORATORIES Announces Quarterly Results (2QFY19); Net Profit Up 92.3%

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DIVIS LABORATORIES Announces Quarterly Results (2QFY19); Net Profit Up 92.3%
Fri, 9 Nov

DIVIS LABORATORIES has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

DIVIS LABORATORIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m8,9029,95312,85029.1%44.3%
Other incomeRs m33648880164.1%138.3%
TurnoverRs m9,23810,44113,65130.7%47.8%
ExpensesRs m6,1306,4357,70919.8%25.8%
Gross profitRs m2,7723,5195,14146.1%85.5%
DepreciationRs m3394164241.9%24.9%
InterestRs m862-62.5%-68.0%
Profit before taxRs m2,7613,5845,51653.9%99.8%
TaxRs m6939231,53966.8%122.0%
Profit after taxRs m2,0682,6623,97749.4%92.3%
Gross profit margin%31.135.440.0
Effective tax rate%25.125.727.9
Net profit margin%22.425.529.1
* 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 44.3% on a year-on-year (YoY) basis. The expenses were up by 25.8% YoY during the same period.
  • The company's operating profit increased by 85.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.0% in 2QFY19 as against 31.1% in 2QFY18.
  • Depreciation charges increased by 24.9% and finance costs declined by 68.0% YoY, respectively.
  • Other income increased by 138.3% YoY during the quarter.
  • Net profit for the quarter increased by 92.3% YoY. Net profit margins during the quarter increased from 22.4% in 2QFY18 to 29.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 29.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.8% QoQ during the same period.
  • The company's operating profit increased by 46.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.0% in 2QFY19 as against 35.4% in 1QFY18.
  • Net profit for the quarter increased by 49.4% QoQ, while net profit margins increased from 25.5% in 1QFY18 to 29.1% in 2QFY19.

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 1,009.8 to Rs 1,539.7, registering a Gain of Rs 529.9 or around 52.5%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,660.5 (up 0.8%). Over the last one year it has moved up from 13,987.8 to 14,660.5, a gain of 673 points (up 4.8%).

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 1,539.7, the price to earnings (P/E) ratio of DIVIS LABORATORIES stands at 35.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.9 times.

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