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

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IPCA LABS Announces Quarterly Results (3QFY21); Net Profit Up 32.2%
Fri, 5 Feb

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

IPCA LABS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m11,39112,97813,1521.3%15.5%
Other incomeRs m1761501574.3%-11.2%
TurnoverRs m11,56713,12813,3091.4%15.1%
ExpensesRs m8,7369,3769,6643.1%10.6%
Gross profitRs m2,6543,6023,488-3.1%31.4%
DepreciationRs m4624634773.0%3.2%
InterestRs m381816-13.8%-58.9%
Profit before taxRs m2,3313,2713,153-3.6%35.2%
TaxRs m3655145537.5%51.6%
Profit after taxRs m1,9662,7572,600-5.7%32.2%
Gross profit margin%23.327.826.5
Effective tax rate%15.615.717.5
Net profit margin%17.021.019.5
* 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 15.5% on a year-on-year (YoY) basis. The expenses were up by 10.6% YoY during the same period.
  • The company's operating profit increased by 31.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.5% in 3QFY21 as against 23.3% in 3QFY20.
  • Depreciation charges increased by 3.2% and finance costs declined by 58.9% YoY, respectively.
  • Other income declined by 11.2% YoY during the quarter.
  • Net profit for the quarter increased by 32.2% YoY. Net profit margins during the quarter increased from 17.0% in 3QFY20 to 19.5% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.1% QoQ during the same period.
  • The company's operating profit declined by 3.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.5% in 3QFY21 as against 27.8% in 2QFY20.
  • Net profit for the quarter declined by 5.7% QoQ, while net profit margins declined from 21.0% in 2QFY20 to 19.5% in 3QFY21.

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

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

IPCA LABS Share Price Performance

Over the last one year, IPCA LABS share price has moved up from Rs 1,220.7 to Rs 1,947.1, registering a Gain of Rs 726.4 or around 59.5%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 21,735.0 (up 0.5%). Over the last one year it has moved up from 13,946.5 to 21,735.0, a gain of 7,788 points (up 55.8%).

Overall, the S&P BSE SENSEX is up 27.4% over the year.

Current Valuations

At the current price of Rs 1,947.1, the price to earnings (P/E) ratio of IPCA LABS stands at 22.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.9 times.

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Related Views on News

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.

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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