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DIVIS LABORATORIES Announces Quarterly Results (3QFY19); Net Profit Up 68.9%

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DIVIS LABORATORIES Announces Quarterly Results (3QFY19); Net Profit Up 68.9%
Mon, 4 Feb

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

DIVIS LABORATORIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m10,37912,85013,4294.5%29.4%
Other incomeRs m170801346-56.8%103.2%
TurnoverRs m10,54913,65113,7750.9%30.6%
ExpensesRs m7,1177,7098,1966.3%15.2%
Gross profitRs m3,2615,1415,2331.8%60.5%
DepreciationRs m3744244250.2%13.6%
InterestRs m3225950.0%869.2%
Profit before taxRs m3,0555,5165,129-7.0%67.9%
TaxRs m8081,5391,334-13.3%65.0%
Profit after taxRs m2,2473,9773,795-4.6%68.9%
Gross profit margin%31.440.039.0
Effective tax rate%26.527.926.0
Net profit margin%21.329.127.5
* 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 29.4% on a year-on-year (YoY) basis. The expenses were up by 15.2% YoY during the same period.
  • The company's operating profit increased by 60.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 39.0% in 3QFY19 as against 31.4% in 3QFY18.
  • Depreciation charges increased by 13.6% and finance costs increased by 869.2% YoY, respectively.
  • Other income increased by 103.2% YoY during the quarter.
  • Net profit for the quarter increased by 68.9% YoY. Net profit margins during the quarter increased from 21.3% in 3QFY18 to 27.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.3% QoQ during the same period.
  • The company's operating profit declined by 1.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 39.0% in 3QFY19 as against 40.0% in 2QFY18.
  • Net profit for the quarter declined by 4.6% QoQ, while net profit margins declined from 29.1% in 2QFY18 to 27.5% in 3QFY19.

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 1,028.9 to Rs 1,604.2, registering a Gain of Rs 575.3 or around 55.9%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 13,838.1 (down 1.1%). Over the last one year it has moved down from 14,067.6 to 13,838.1, a gain of 229 points (down 1.6%).

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 1,604.2, the price to earnings (P/E) ratio of DIVIS LABORATORIES stands at 32.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.2 times.

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

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For the quarter ended September 2018, DIVIS LABORATORIES has posted a net profit of Rs 4 bn (up 92.3% YoY). Sales on the other hand came in at Rs 13 bn (up 44.3% YoY). Read on for a complete analysis of DIVIS LABORATORIES's quarterly results.

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For the quarter ended June 2018, DIVIS LABORATORIES has posted a net profit of Rs 3 bn (up 50.8% YoY). Sales on the other hand came in at Rs 10 bn (up 21.2% YoY). Read on for a complete analysis of DIVIS LABORATORIES's quarterly results.

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