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MERCK LTD Announces Quarterly Results (2QFY19); Net Profit Up 29.8%

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MERCK LTD Announces Quarterly Results (2QFY19); Net Profit Up 29.8%
Mon, 5 Nov

MERCK LTD has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

MERCK LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,1272,2032,2612.7%-27.7%
Other incomeRs m6558615.2%-6.0%
TurnoverRs m3,1922,2612,3222.7%-27.2%
ExpensesRs m2,5611,6951,680-0.9%-34.4%
Gross profitRs m56650858214.5%2.7%
DepreciationRs m674943-11.7%-35.1%
InterestRs m0000.0%0.0%
Profit before taxRs m56451759915.9%6.2%
TaxRs m248189188-0.4%-24.0%
Profit after taxRs m31732841125.3%29.8%
Gross profit margin%18.123.125.7
Effective tax rate%43.936.531.4
Net profit margin%9.914.517.7
* 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 fell 27.7% on a year-on-year (YoY) basis. The expenses were down by 34.4% YoY during the same period.
  • The company's operating profit increased by 2.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.7% in 2QFY19 as against 18.1% in 2QFY18.
  • Depreciation charges declined by 35.1% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 6.0% YoY during the quarter.
  • Net profit for the quarter increased by 29.8% YoY. Net profit margins during the quarter increased from 9.9% in 2QFY18 to 17.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.9% QoQ during the same period.
  • The company's operating profit increased by 14.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.7% in 2QFY19 as against 23.1% in 1QFY18.
  • Net profit for the quarter increased by 25.3% QoQ, while net profit margins increased from 14.5% in 1QFY18 to 17.7% in 2QFY19.

To see how MERCK LTD has performed over the last eight quarters, please visit here.

MERCK LTD Share Price Performance

Over the last one year, MERCK LTD share price has moved up from Rs 1,107.3 to Rs 3,051.1, registering a Gain of Rs 1,943.8 or around 175.6%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,448.1 (down 0.8%). Over the last one year it has moved down from 14,530.4 to 14,448.1, a gain of 82 points (down 0.6%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 3,051.1, the price to earnings (P/E) ratio of MERCK LTD stands at 47.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.9 times.

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MERCK LTD Announces Quarterly Results (1QFY19); Net Profit Up 63.1% (Quarterly Result Update)

Aug 8, 2018 | Updated on Aug 8, 2018

For the quarter ended June 2018, MERCK LTD has posted a net profit of Rs 328 m (up 63.1% YoY). Sales on the other hand came in at Rs 2 bn (down 17.1% YoY). Read on for a complete analysis of MERCK LTD's quarterly results.

MERCK LTD Announces Quarterly Results (4QFY18); Net Profit Up 53.2% (Quarterly Result Update)

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For the quarter ended March 2018, MERCK LTD has posted a net profit of Rs 227 m (up 53.2% YoY). Sales on the other hand came in at Rs 3 bn (up 27.1% YoY). Read on for a complete analysis of MERCK LTD's quarterly results.

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