PROCTER & GAMBLE HEALTH Announces Quarterly Results (1QFY21); Net Profit Up 57.0%

Mon, 31 Aug

PROCTER & GAMBLE HEALTH has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

PROCTER & GAMBLE HEALTH Quarterly Financials

No. of Mths Qtr. Ending		3 Jun-19*	3 Mar-20*	3 Jun-20*	QoQ Change	YoY Change
Net Sales	Rs m	2,336	2,281	6,345	178.2%	171.6%
Other income	Rs m	175	103	96	-6.9%	-45.3%
Turnover	Rs m	2,511	2,384	6,441	170.2%	156.5%
Expenses	Rs m	1,791	1,694	5,242	209.5%	192.7%
Gross profit	Rs m	545	587	1,103	87.8%	102.3%
Depreciation	Rs m	45	42	132	211.5%	192.3%
Interest	Rs m	0	0	10	0.0%	0.0%
Profit before tax	Rs m	675	648	1,056	63.1%	56.5%
Tax	Rs m	234	183	364	98.9%	55.5%
Profit after tax	Rs m	441	465	692	49.0%	57.0%
Gross profit margin	%	23.3	25.8	17.4
Effective tax rate	%	34.7	28.3	34.5
Net profit margin	%	17.6	19.5	10.7

Year-on-Year Performance:

• The company's operating income during the quarter grew 171.6% on a year-on-year (YoY) basis. The expenses were up by 192.7% YoY during the same period.
• The company's operating profit increased by 102.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.4% in 1QFY21 as against 23.3% in 1QFY20.
• Depreciation charges increased by 192.3% and finance costs increased by 0.0% YoY, respectively.
• Other income declined by 45.3% YoY during the quarter.
• Net profit for the quarter increased by 57.0% YoY. Net profit margins during the quarter declined from 17.6% in 1QFY20 to 10.7% in 1QFY21.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter grew 178.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 209.5% QoQ during the same period.
• The company's operating profit increased by 87.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.4% in 1QFY21 as against 25.8% in 4QFY20.
• Net profit for the quarter increased by 49.0% QoQ, while net profit margins declined from 19.5% in 4QFY20 to 10.7% in 1QFY21.

To see how PROCTER & GAMBLE HEALTH has performed over the last eight quarters,please visit here.

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PROCTER & GAMBLE HEALTH Share Price Performance

Over the last one year,PROCTER & GAMBLE HEALTH share price has moved up from Rs 4,119.7 to Rs 4,954.4, registering a Gain of Rs 834.7 or around 20.3%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 19,264.2 (down 0.1%). Over the last one year it has moved up from 12,875.4 to 19,264.2, a gain of 6,389 points (up 49.6%).

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 4,954.4, the price to earnings (P/E) ratio of PROCTER & GAMBLE HEALTH stands at 43.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.3 times.