DIVIS LABORATORIES Announces Quarterly Results (4QFY19); Net Profit Up 10.6%

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DIVIS LABORATORIES Announces Quarterly Results (4QFY19); Net Profit Up 10.6%
Mon, 27 May

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

DIVIS LABORATORIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m10,88013,42912,564-6.4%15.5%
Other incomeRs m48234641720.7%-13.4%
TurnoverRs m11,36113,77512,982-5.8%14.3%
ExpensesRs m7,0158,1968,4533.1%20.5%
Gross profitRs m3,8655,2334,111-21.4%6.4%
DepreciationRs m388425423-0.3%9.2%
InterestRs m-2251-96.0%
Profit before taxRs m3,9615,1294,104-20.0%3.6%
TaxRs m1,3451,3341,210-9.3%-10.0%
Profit after taxRs m2,6163,7952,894-23.8%10.6%
Gross profit margin%35.539.032.7
Effective tax rate%33.926.029.5
Net profit margin%23.027.522.3
* 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 15.5% on a year-on-year (YoY) basis. The expenses were up by 20.5% YoY during the same period.
  • The company's operating profit increased by 6.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 32.7% in 4QFY19 as against 35.5% in 4QFY18.
  • Depreciation charges increased by 9.2% and finance costs declined by 158.8% YoY, respectively.
  • Other income declined by 13.4% YoY during the quarter.
  • Net profit for the quarter increased by 10.6% YoY. Net profit margins during the quarter declined from 23.0% in 4QFY18 to 22.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.1% QoQ during the same period.
  • The company's operating profit declined by 21.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 32.7% in 4QFY19 as against 39.0% in 3QFY18.
  • Net profit for the quarter declined by 23.8% QoQ, while net profit margins declined from 27.5% in 3QFY18 to 22.3% in 4QFY19.

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 1,145.7 to Rs 1,626.0, registering a Gain of Rs 480.3 or around 41.9%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 13,383.1 (down 0.1%). Over the last one year it has moved up from 13,044.2 to 13,383.1, a gain of 339 points (up 2.6%).

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 1,626.0, the price to earnings (P/E) ratio of DIVIS LABORATORIES stands at 32.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.3 times.

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