INDOCO REMEDIES Announces Quarterly Results (2QFY20); Net Profit Up 194.1%

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INDOCO REMEDIES Announces Quarterly Results (2QFY20); Net Profit Up 194.1%
Tue, 5 Nov

INDOCO REMEDIES has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

INDOCO REMEDIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m2,3562,5272,92015.6%23.9%
Other incomeRs m366-9.4%75.8%
TurnoverRs m2,3602,5332,92615.5%24.0%
ExpensesRs m2,2382,2992,59813.0%16.1%
Gross profitRs m11822832141.3%172.1%
DepreciationRs m1771701806.2%2.2%
InterestRs m506154-12.3%7.2%
Profit before taxRs m-1053933225.0%
TaxRs m-27-1920
Profit after taxRs m-782273236.2%
Gross profit margin%5.09.011.0
Effective tax rate%26.0-678.621.3
Net profit margin%-3.30.92.5
* 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 23.9% on a year-on-year (YoY) basis. The expenses were up by 16.1% YoY during the same period.
  • The company's operating profit increased by 172.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.0% in 2QFY20 as against 5.0% in 2QFY19.
  • Depreciation charges increased by 2.2% and finance costs increased by 7.2% YoY, respectively.
  • Other income increased by 75.8% YoY during the quarter.
  • Net profit for the quarter increased by 194.1% YoY. Net profit margins during the quarter increased from -3.3% in 2QFY19 to 2.5% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.0% QoQ during the same period.
  • The company's operating profit increased by 41.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.0% in 2QFY20 as against 9.0% in 1QFY19.
  • Net profit for the quarter increased by 236.2% QoQ, while net profit margins increased from 0.9% in 1QFY19 to 2.5% in 2QFY20.

To see how INDOCO REMEDIES has performed over the last eight quarters,please visit here.

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

INDOCO REMEDIES Share Price Performance

Over the last one year,INDOCO REMEDIES share price has moved down from Rs 184.6 to Rs 161.0, registering a Loss of Rs 23.6 or around 12.8%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 13,336.2 (up 0.1%). Over the last one year it has moved down from 14,469.9 to 13,336.2, a gain of 1,134 points (down 7.8%).

Overall, the S&P BSE SENSEX is up 15.4% over the year.

Current Valuations

At the current price of Rs 161.0, the price to earnings (P/E) ratio of INDOCO REMEDIES stands at 56.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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Related Views on News

INDOCO REMEDIES Announces Quarterly Results (3QFY20); Net Profit Up 74.9% (Quarterly Result Update)

Jan 27, 2020 | Updated on Jan 27, 2020

For the quarter ended December 2019, INDOCO REMEDIES has posted a net profit of Rs 93 m (up 74.9% YoY). Sales on the other hand came in at Rs 3 bn (up 10.2% YoY). Read on for a complete analysis of INDOCO REMEDIES's quarterly results.

INDOCO REMEDIES Announces Quarterly Results (1QFY20); Net Profit Up 118.1% (Quarterly Result Update)

Aug 14, 2019 | Updated on Aug 14, 2019

For the quarter ended June 2019, INDOCO REMEDIES has posted a net profit of Rs 22 m (up 118.1% YoY). Sales on the other hand came in at Rs 3 bn (up 16.2% YoY). Read on for a complete analysis of INDOCO REMEDIES's quarterly results.

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