IPCA LABS Announces Quarterly Results (1QFY19); Net Profit Down 423.6%

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IPCA LABS Announces Quarterly Results (1QFY19); Net Profit Down 423.6%
Mon, 13 Aug

IPCA LABS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

IPCA LABS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m7,1307,8288,5399.1%19.8%
Other incomeRs m6211413619.7%120.6%
TurnoverRs m7,1917,9418,6769.2%20.6%
ExpensesRs m6,9146,7297,39910.0%7.0%
Gross profitRs m2151,0991,1403.7%429.8%
DepreciationRs m4334324453.1%2.7%
InterestRs m566549-23.6%-11.6%
Profit before taxRs m-2127177829.1%
TaxRs m-10204127-37.7%
Profit after taxRs m-20351365527.7%
Gross profit margin%3.014.013.4
Effective tax rate%4.628.416.2
Net profit margin%-2.86.57.6
* 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 19.8% on a year-on-year (YoY) basis. The expenses were up by 7.0% YoY during the same period.
  • The company's operating profit increased by 429.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.4% in 1QFY19 as against 3.0% in 1QFY18.
  • Depreciation charges and finance costs increased by 2.7% YoY and 11.6% YoY, respectively.
  • Other income increased by 120.6% YoY during the quarter.
  • Net profit for the quarter declined by 423.6% YoY. Net profit margins during the quarter increased from -2.8% in 1QFY18 to 7.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.0% QoQ during the same period.
  • The company's operating profit declined by 3.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.4% in 1QFY19 as against 14.0% in 4QFY18.
  • Net profit for the quarter increased by 27.7% QoQ, while net profit margins increased from 6.5% in 4QFY18 to 7.6% in 1QFY19.

To see how IPCA LABS has performed over the last eight quarters, please visit here.

IPCA LABS Share Price Performance

Over the last one year, IPCA LABS share price has moved up from Rs 411.9 to Rs 736.2, registering a Gain of Rs 324.4 or around 78.8%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,318.8 (up 0.5%). Over the last one year it has moved up from 12,807.8 to 14,318.8, a gain of 1,511 points (up 11.8%).

Overall, the S&P BSE SENSEX is up 19.3% over the year.

Current Valuations

At the current price of Rs 736.2, the price to earnings (P/E) ratio of IPCA LABS stands at 29.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.5 times.

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For the quarter ended September 2019, IPCA LABS has posted a net profit of Rs 2 bn (up 63.7% YoY). Sales on the other hand came in at Rs 12 bn (up 21.5% YoY). Read on for a complete analysis of IPCA LABS's quarterly results.

IPCA LABS Announces Quarterly Results (1QFY20); Net Profit Up 101.5% (Quarterly Result Update)

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For the quarter ended June 2019, IPCA LABS has posted a net profit of Rs 1 bn (up 101.5% YoY). Sales on the other hand came in at Rs 10 bn (up 18.4% YoY). Read on for a complete analysis of IPCA LABS's quarterly results.

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