IPCA LABS Announces Quarterly Results (1QFY21); Net Profit Up 243.5%

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IPCA LABS Announces Quarterly Results (1QFY21); Net Profit Up 243.5%
Tue, 29 Sep

IPCA LABS has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

IPCA LABS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m10,11010,04814,85347.8%46.9%
Other incomeRs m194133117-12.2%-39.9%
TurnoverRs m10,30410,18114,96947.0%45.3%
ExpensesRs m8,1608,1218,97310.5%10.0%
Gross profitRs m1,9501,9275,880205.1%201.5%
DepreciationRs m420454452-0.3%7.6%
InterestRs m453525-29.1%-45.0%
Profit before taxRs m1,6801,5725,519251.2%228.6%
TaxRs m359294983234.2%173.7%
Profit after taxRs m1,3211,2784,536255.1%243.5%
Gross profit margin%19.319.239.6
Effective tax rate%21.418.717.8
Net profit margin%12.812.530.3
* 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 46.9% on a year-on-year (YoY) basis. The expenses were up by 10.0% YoY during the same period.
  • The company's operating profit increased by 201.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 39.6% in 1QFY21 as against 19.3% in 1QFY20.
  • Depreciation charges increased by 7.6% and finance costs declined by 45.0% YoY, respectively.
  • Other income declined by 39.9% YoY during the quarter.
  • Net profit for the quarter increased by 243.5% YoY. Net profit margins during the quarter increased from 12.8% in 1QFY20 to 30.3% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 47.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.5% QoQ during the same period.
  • The company's operating profit increased by 205.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 39.6% in 1QFY21 as against 19.2% in 4QFY20.
  • Net profit for the quarter increased by 255.1% QoQ, while net profit margins increased from 12.6% in 4QFY20 to 30.3% in 1QFY21.

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

Get Details: First Stock to Potentially Accumulate Rs 7 Crore Long-term Wealth

IPCA LABS Share Price Performance

Over the last one year, IPCA LABS share price has moved up from Rs 923.0 to Rs 2,068.2, registering a Gain of Rs 1,145.2 or around 124.1%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 19,867.8 (up 0.2%). Over the last one year it has moved up from 12,692.6 to 19,867.8, a gain of 7,175 points (up 56.5%).

Overall, the S&P BSE SENSEX is down 1.4% over the year.

Current Valuations

At the current price of Rs 2,068.2, the price to earnings (P/E) ratio of IPCA LABS stands at 26.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.4 times.

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Related Views on News

IPCA LABS Announces Quarterly Results (3QFY21); Net Profit Up 32.2% (Quarterly Result Update)

Feb 5, 2021 | Updated on Feb 5, 2021

For the quarter ended December 2020, IPCA LABS has posted a net profit of Rs 3 bn (up 32.2% YoY). Sales on the other hand came in at Rs 13 bn (up 15.5% YoY). Read on for a complete analysis of IPCA LABS's quarterly results.

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.

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Feb 25, 2021 (Close)

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