SANOFI INDIA Announces Quarterly Results (2QFY21); Net Profit Up 5.0%

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SANOFI INDIA Announces Quarterly Results (2QFY21); Net Profit Up 5.0%
Thu, 29 Oct

SANOFI INDIA has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

SANOFI INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m7,7917,1056,866-3.4%-11.9%
Other incomeRs m229292149-49.0%-34.9%
TurnoverRs m8,0207,3977,015-5.2%-12.5%
ExpensesRs m6,0365,3334,944-7.3%-18.1%
Gross profitRs m1,3611,7831,9207.7%41.1%
DepreciationRs m2632052060.5%-21.7%
InterestRs m054-20.0%0.0%
Profit before taxRs m1,3271,8651,859-0.3%40.1%
TaxRs m615025305.6%768.9%
Profit after taxRs m1,2661,3631,329-2.5%5.0%
Gross profit margin%17.525.128.0
Effective tax rate%4.626.928.5
Net profit margin%15.818.418.9
* 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 11.9% on a year-on-year (YoY) basis. The expenses were down by 18.1% YoY during the same period.
  • The company's operating profit increased by 41.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.0% in 2QFY21 as against 17.5% in 2QFY20.
  • Depreciation charges declined by 21.7% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 34.9% YoY during the quarter.
  • Net profit for the quarter increased by 5.0% YoY. Net profit margins during the quarter increased from 15.8% in 2QFY20 to 18.9% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.3% QoQ during the same period.
  • The company's operating profit increased by 7.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.0% in 2QFY21 as against 25.1% in 1QFY20.
  • Net profit for the quarter declined by 2.5% QoQ, while net profit margins increased from 18.4% in 1QFY20 to 18.9% in 2QFY21.

To see how SANOFI INDIA has performed over the last eight quarters,please visit here.

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SANOFI INDIA Share Price Performance

Over the last one year, SANOFI INDIA share price has moved up from Rs 6,640.7 to Rs 8,190.7, registering a Gain of Rs 1,550.0 or around 23.3%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 19,356.9 (down 0.2%). Over the last one year it has moved up from 13,101.5 to 19,356.9, a gain of 6,255 points (up 47.7%).

Overall, the S&P BSE SENSEX is up 1.3% over the year.

Current Valuations

At the current price of Rs 8,190.7, the price to earnings (P/E) ratio of SANOFI INDIA stands at 41.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.5 times.

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Related Views on News

SANOFI INDIA Announces Quarterly Results (1QFY21); Net Profit Up 39.9% (Quarterly Result Update)

Aug 26, 2020 | Updated on Aug 26, 2020

For the quarter ended June 2020, SANOFI INDIA has posted a net profit of Rs 1 bn (up 39.9% YoY). Sales on the other hand came in at Rs 7 bn (down 5.0% YoY). Read on for a complete analysis of SANOFI INDIA's quarterly results.

SANOFI INDIA Announces Quarterly Results (4QFY20); Net Profit Down 8.1% (Quarterly Result Update)

May 21, 2020 | Updated on May 21, 2020

For the quarter ended March 2020, SANOFI INDIA has posted a net profit of Rs 854 m (down 8.1% YoY). Sales on the other hand came in at Rs 8 bn (up 9.4% YoY). Read on for a complete analysis of SANOFI INDIA's quarterly results.

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