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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

IPCA LABS Announces Quarterly Results (3QFY20); Net Profit Up 22.8%
Mon, 17 Feb

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

IPCA LABS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m9,47612,12611,391-6.1%20.2%
Other incomeRs m12614317623.0%39.6%
TurnoverRs m9,60212,26911,567-5.7%20.5%
ExpensesRs m7,1599,5108,736-8.1%22.0%
Gross profitRs m2,3172,6162,6541.5%14.6%
DepreciationRs m4264514622.3%8.3%
InterestRs m494138-6.2%-22.9%
Profit before taxRs m1,9682,2672,3312.8%18.5%
TaxRs m36630736518.8%-0.3%
Profit after taxRs m1,6021,9601,9660.3%22.8%
Gross profit margin%24.521.623.3
Effective tax rate%18.613.515.6
Net profit margin%16.716.017.0
* 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 20.2% on a year-on-year (YoY) basis. The expenses were up by 22.0% YoY during the same period.
  • The company's operating profit increased by 14.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.3% in 3QFY20 as against 24.5% in 3QFY19.
  • Depreciation charges increased by 8.3% and finance costs declined by 22.9% YoY, respectively.
  • Other income increased by 39.6% YoY during the quarter.
  • Net profit for the quarter increased by 22.8% YoY. Net profit margins during the quarter increased from 16.7% in 3QFY19 to 17.0% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.1% QoQ during the same period.
  • The company's operating profit increased by 1.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.3% in 3QFY20 as against 21.6% in 2QFY19.
  • Net profit for the quarter increased by 0.3% QoQ, while net profit margins increased from 16.0% in 2QFY19 to 17.0% in 3QFY20.

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

FREE: Tanushree Banerjee's Controversial Event on Forever Stocks

IPCA LABS Share Price Performance

Over the last one year,IPCA LABS share price has moved up from Rs 775.0 to Rs 1,404.0, registering a Gain of Rs 629.0 or around 81.2%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,299.6 (down 0.8%). Over the last one year it has moved up from 13,433.0 to 14,299.6, a gain of 867 points (up 6.5%).

Overall, the S&P BSE SENSEX is up 14.9% over the year.

Current Valuations

At the current price of Rs 1,404.0, the price to earnings (P/E) ratio of IPCA LABS stands at 27.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.7 times.

Equitymaster requests your view! Post a comment on "IPCA LABS Announces Quarterly Results (3QFY20); Net Profit Up 22.8%". Click here!

  

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 (1QFY21); Net Profit Up 243.5% (Quarterly Result Update)

Sep 29, 2020 | Updated on Sep 29, 2020

For the quarter ended June 2020, IPCA LABS has posted a net profit of Rs 5 bn (up 243.5% YoY). Sales on the other hand came in at Rs 15 bn (up 46.9% YoY). Read on for a complete analysis of IPCA LABS's quarterly results.

More Views on News

Most Popular

Hotel Stocks Will Reward Investors(Fast Profits Daily)

Jun 8, 2021

This is why I'm bullish on the hotel and hospitality sector.

My 'Unlock' Investments(Fast Profits Daily)

Jun 11, 2021

The best unlock investments you can make in the market.

The Most Visible Sign of India's Revival is on Two Wheels(Profit Hunter)

Jun 9, 2021

Investing in the best stocks could result in wealth compounding on a massive scale.

Rs 2 Trillion Stimulus Coming to a Stock Market Near You(Profit Hunter)

Jun 2, 2021

Get ready to profit from a massive stimulus that you've never seen before.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

IPCA LABS SHARE PRICE


Jun 15, 2021 (Close)

TRACK IPCA LABS

  • Track your investment in IPCA LABS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

IPCA LABS - GLENMARK PHARMA COMPARISON

COMPARE IPCA LABS WITH

MARKET STATS