DIVIS LABORATORIES Announces Quarterly Results (4QFY20); Net Profit Up 35.4%

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DIVIS LABORATORIES Announces Quarterly Results (4QFY20); Net Profit Up 35.4%
Mon, 8 Jun

DIVIS LABORATORIES has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

DIVIS LABORATORIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m12,56413,90513,762-1.0%9.5%
Other incomeRs m41740376589.8%83.4%
TurnoverRs m12,98214,30814,5281.5%11.9%
ExpensesRs m8,4538,9369,2763.8%9.7%
Gross profitRs m4,1114,9694,486-9.7%9.1%
DepreciationRs m4234674956.1%17.0%
InterestRs m1164-74.2%300.0%
Profit before taxRs m4,1044,8894,752-2.8%15.8%
TaxRs m1,2101,282834-34.9%-31.1%
Profit after taxRs m2,8943,6073,9188.6%35.4%
Gross profit margin%32.735.732.6
Effective tax rate%29.526.217.6
Net profit margin%22.325.227.0
* 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 9.5% on a year-on-year (YoY) basis. The expenses were up by 9.7% YoY during the same period.
  • The company's operating profit increased by 9.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 32.6% in 4QFY20.
  • Depreciation charges increased by 17.0% and finance costs increased by 300.0% YoY, respectively.
  • Other income increased by 83.4% YoY during the quarter.
  • Net profit for the quarter increased by 35.4% YoY. Net profit margins during the quarter increased from 22.3% in 4QFY19 to 27.0% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.8% QoQ during the same period.
  • The company's operating profit declined by 9.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 32.6% in 4QFY20 as against 35.7% in 3QFY19.
  • Net profit for the quarter increased by 8.6% QoQ, while net profit margins increased from 25.2% in 3QFY19 to 27.0% in 4QFY20.

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

REVEALED: How to Potentially Increase Your Monthly Income Without Working 24x7

DIVIS LABORATORIES Share Price Performance

Over the last one year,DIVIS LABORATORIES share price has moved up from Rs 1,564.4 to Rs 2,356.7, registering a Gain of Rs 792.3 or around 50.6%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 16,113.5 (down 0.3%). Over the last one year it has moved up from 13,038.9 to 16,113.5, a gain of 3,075 points (up 23.6%).

Overall, the S&P BSE SENSEX is down 12.0% over the year.

Current Valuations

At the current price of Rs 2,356.7, the price to earnings (P/E) ratio of DIVIS LABORATORIES stands at 45.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.0 times.

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