IPCA LABS Announces Quarterly Results (3QFY19); Net Profit Up 51.7%

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IPCA LABS Announces Quarterly Results (3QFY19); Net Profit Up 51.7%
Thu, 14 Feb

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

IPCA LABS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m8,5929,9789,476-5.0%10.3%
Other incomeRs m110138126-8.1%15.1%
TurnoverRs m8,70210,1169,602-5.1%10.3%
ExpensesRs m6,9808,2507,159-13.2%2.6%
Gross profitRs m1,6121,7282,31734.1%43.7%
DepreciationRs m438432426-1.3%-2.7%
InterestRs m562449107.1%-12.0%
Profit before taxRs m1,2281,4101,96839.6%60.3%
TaxRs m17221336672.2%113.2%
Profit after taxRs m1,0561,1971,60233.8%51.7%
Gross profit margin%18.817.324.5
Effective tax rate%14.015.118.6
Net profit margin%12.111.816.7
* 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 10.3% on a year-on-year (YoY) basis. The expenses were up by 2.6% YoY during the same period.
  • The company's operating profit increased by 43.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.5% in 3QFY19 as against 18.8% in 3QFY18.
  • Depreciation charges declined by 2.7% and finance costs declined by 12.0% YoY, respectively.
  • Other income increased by 15.1% YoY during the quarter.
  • Net profit for the quarter increased by 51.7% YoY. Net profit margins during the quarter increased from 12.1% in 3QFY18 to 16.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.2% QoQ during the same period.
  • The company's operating profit increased by 34.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.5% in 3QFY19 as against 17.3% in 2QFY18.
  • Net profit for the quarter increased by 33.8% QoQ, while net profit margins increased from 11.8% in 2QFY18 to 16.7% in 3QFY19.

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 637.8 to Rs 755.1, registering a Gain of Rs 117.3 or around 18.4%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 13,656.4 (down 0.2%). Over the last one year it has moved down from 14,417.3 to 13,656.4, a gain of 761 points (down 5.3%).

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 755.1, 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 3.5 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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