DIVIS LABORATORIES Announces Quarterly Results (2QFY20); Net Profit Down 10.3%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

DIVIS LABORATORIES Announces Quarterly Results (2QFY20); Net Profit Down 10.3%
Mon, 11 Nov

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

DIVIS LABORATORIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m12,85011,39914,45626.8%12.5%
Other incomeRs m80131647048.7%-41.2%
TurnoverRs m13,65111,71614,92627.4%9.3%
ExpensesRs m7,7097,6139,55025.4%23.9%
Gross profitRs m5,1413,7864,90629.6%-4.6%
DepreciationRs m4244384594.8%8.4%
InterestRs m23381084.4%1479.2%
Profit before taxRs m5,5163,6614,87933.3%-11.5%
TaxRs m1,5399881,31132.7%-14.8%
Profit after taxRs m3,9772,6743,56833.5%-10.3%
Gross profit margin%40.033.233.9
Effective tax rate%27.927.026.9
Net profit margin%29.122.823.9
* 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 12.5% on a year-on-year (YoY) basis. The expenses were up by 23.9% YoY during the same period.
  • The company's operating profit declined by 4.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 33.9% in 2QFY20 as against 40.0% in 2QFY19.
  • Depreciation charges increased by 8.4% and finance costs increased by 1479.2% YoY, respectively.
  • Other income declined by 41.2% YoY during the quarter.
  • Net profit for the quarter declined by 10.3% YoY. Net profit margins during the quarter declined from 29.1% in 2QFY19 to 23.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 26.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 25.4% QoQ during the same period.
  • The company's operating profit increased by 29.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 33.9% in 2QFY20 as against 33.2% in 1QFY19.
  • Net profit for the quarter increased by 33.5% QoQ, while net profit margins increased from 22.8% in 1QFY19 to 23.9% in 2QFY20.

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

Revealed: How to Get Rich with Just 3 Stocks

DIVIS LABORATORIES Share Price Performance

Over the last one year,DIVIS LABORATORIES share price has moved up from Rs 1,550.7 to Rs 1,708.0, registering a Gain of Rs 157.3 or around 10.1%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 13,125.3 (up 0.3%). Over the last one year it has moved down from 14,692.8 to 13,125.3, a gain of 1,567 points (down 10.7%).

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 1,708.0, the price to earnings (P/E) ratio of DIVIS LABORATORIES stands at 35.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.5 times.

Equitymaster requests your view! Post a comment on "DIVIS LABORATORIES Announces Quarterly Results (2QFY20); Net Profit Down 10.3%". Click here!

  

Related Views on News

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)

Feb 6, 2020 | Updated on Feb 6, 2020

For the quarter ended December 2019, DIVIS LABORATORIES has posted a net profit of Rs 4 bn (down 4.9% YoY). Sales on the other hand came in at Rs 14 bn (up 3.5% YoY). Read on for a complete analysis of DIVIS LABORATORIES's quarterly results.

DIVIS LABORATORIES 2018-19 Annual Report Analysis (Annual Result Update)

Oct 10, 2019 | Updated on Oct 10, 2019

Here's an analysis of the annual report of DIVIS LABORATORIES for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of DIVIS LABORATORIES. Also includes updates on the valuation of DIVIS LABORATORIES.

More Views on News

Most Popular

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

My Best Trading Ideas When Interest Rates Are So Low(Fast Profits Daily)

Jul 23, 2020

India's interest rates are lower than the inflation rate. Here are the best trades for this situation.

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

Gold or Silver: Which One Should You Buy Now?(Fast Profits Daily)

Jul 24, 2020

Silver and gold are both vying for your attention. Which is the better trade today?

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

DIVIS LABORATORIES SHARE PRICE


Aug 5, 2020 (Close)

TRACK DIVIS LABORATORIES

  • Track your investment in DIVIS LABORATORIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON DIVIS LABORATORIES

DIVIS LABORATORIES 8-QTR ANALYSIS

COMPARE DIVIS LABORATORIES WITH

MARKET STATS