DIVIS LABORATORIES Announces Quarterly Results (4QFY21); Net Profit Up 29.3%

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DIVIS LABORATORIES Announces Quarterly Results (4QFY21); Net Profit Up 29.3%
Mon, 28 Jun

DIVIS LABORATORIES has announced its results for the quarter ended March 2021. Here is a detailed performance review of the same:

DIVIS LABORATORIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m13,89717,01417,8825.1%28.7%
Other incomeRs m76719323521.7%-69.3%
TurnoverRs m14,66417,20818,1175.3%23.5%
ExpensesRs m9,45310,10210,7196.1%13.4%
Gross profitRs m4,4456,9127,1633.6%61.2%
DepreciationRs m4986827012.8%40.8%
InterestRs m432-22.2%-52.3%
Profit before taxRs m4,7106,4216,6954.3%42.2%
TaxRs m8271,7151,675-2.3%102.4%
Profit after taxRs m3,8824,7065,0206.7%29.3%
Gross profit margin%32.040.640.1
Effective tax rate%17.626.725.0
Net profit margin%26.527.327.7
* 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 28.7% on a year-on-year (YoY) basis. The expenses were up by 13.4% YoY during the same period.
  • The company's operating profit increased by 61.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.1% in 4QFY21 as against 32.0% in 4QFY20.
  • Depreciation charges increased by 40.8% and finance costs declined by 52.3% YoY, respectively.
  • Other income declined by 69.3% YoY during the quarter.
  • Net profit for the quarter increased by 29.3% YoY. Net profit margins during the quarter increased from 26.5% in 4QFY20 to 27.7% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.1% QoQ during the same period.
  • The company's operating profit increased by 3.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 40.1% in 4QFY21 as against 40.6% in 3QFY20.
  • Net profit for the quarter increased by 6.7% QoQ, while net profit margins increased from 27.3% in 3QFY20 to 27.7% in 4QFY21.

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

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DIVIS LABORATORIES Share Price Performance

Over the last one year, DIVIS LABORATORIES share price has moved up from Rs 2,350.7 to Rs 4,318.7, registering a Gain of Rs 1,968.0 or around 83.7%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 25,373.8 (up 1.1%). Over the last one year it has moved up from 16,490.1 to 25,373.8, a gain of 8,884 points (up 53.9%).

Overall, the S&P BSE SENSEX is up 51.5% over the year.

Current Valuations

At the current price of Rs 4,318.7, the price to earnings (P/E) ratio of DIVIS LABORATORIES stands at 57.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 15.7 times.

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