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

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IPCA LABS Announces Quarterly Results (1QFY20); Net Profit Up 101.5%
Tue, 27 Aug

IPCA LABS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

IPCA LABS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m8,5398,33810,11021.3%18.4%
Other incomeRs m13614619433.3%42.6%
TurnoverRs m8,6768,48410,30421.5%18.8%
ExpensesRs m7,3996,5918,16023.8%10.3%
Gross profitRs m1,1401,7471,95011.7%71.1%
DepreciationRs m4454164201.0%-5.5%
InterestRs m496345-28.5%-9.3%
Profit before taxRs m7821,4141,68018.8%114.7%
TaxRs m12731935912.5%182.8%
Profit after taxRs m6551,0951,32120.6%101.5%
Gross profit margin%13.420.919.3
Effective tax rate%16.222.621.4
Net profit margin%7.612.912.8
* 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 18.4% on a year-on-year (YoY) basis. The expenses were up by 10.3% YoY during the same period.
  • The company's operating profit increased by 71.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.3% in 1QFY20 as against 13.4% in 1QFY19.
  • Depreciation charges declined by 5.5% and finance costs declined by 9.3% YoY, respectively.
  • Other income increased by 42.6% YoY during the quarter.
  • Net profit for the quarter increased by 101.5% YoY. Net profit margins during the quarter increased from 7.6% in 1QFY19 to 12.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 21.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 23.8% QoQ during the same period.
  • The company's operating profit declined by 11.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.3% in 1QFY20 as against 20.9% in 4QFY19.
  • Net profit for the quarter increased by 20.6% QoQ, while net profit margins declined from 12.9% in 4QFY19 to 12.8% in 1QFY20.

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 751.0 to Rs 993.0, registering a Gain of Rs 242.1 or around 32.2%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 12,577.4 (up 0.2%). Over the last one year it has moved down from 15,556.3 to 12,577.4, a gain of 2,979 points (down 19.1%).

Overall, the S&P BSE SENSEX is down 2.6% over the year.

Current Valuations

At the current price of Rs 993.0, the price to earnings (P/E) ratio of IPCA LABS stands at 24.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.7 times.

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Related Views on News

IPCA LABS Announces Quarterly Results (3QFY20); Net Profit Up 22.8% (Quarterly Result Update)

Feb 17, 2020 | Updated on Feb 17, 2020

For the quarter ended December 2019, IPCA LABS has posted a net profit of Rs 2 bn (up 22.8% YoY). Sales on the other hand came in at Rs 11 bn (up 20.2% YoY). Read on for a complete analysis of IPCA LABS's quarterly results.

IPCA LABS Announces Quarterly Results (2QFY20); Net Profit Up 63.7% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

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.

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Aug 7, 2020 (Close)

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