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

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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.

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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.

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Related Views on News

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.

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

Aug 27, 2019 | Updated on Aug 27, 2019

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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