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ABBOTT INDIA Announces Quarterly Results (1QFY19); Net Profit Up 70.8%

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ABBOTT INDIA Announces Quarterly Results (1QFY19); Net Profit Up 70.8%
Mon, 20 Aug

ABBOTT INDIA has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

ABBOTT INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m7,1477,8848,4497.2%18.2%
Other incomeRs m159586218-62.9%36.8%
TurnoverRs m7,3068,4708,6672.3%18.6%
ExpensesRs m6,5316,8177,3367.6%12.3%
Gross profitRs m6161,0661,1144.4%80.6%
DepreciationRs m4040400.8%0.5%
InterestRs m5226-74.7%9.8%
Profit before taxRs m7311,5911,286-19.2%75.9%
TaxRs m248590462-21.7%86.0%
Profit after taxRs m4831,001824-17.7%70.8%
Gross profit margin%8.613.513.2
Effective tax rate%34.037.135.9
Net profit margin%6.611.89.5
* 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 18.2% on a year-on-year (YoY) basis. The expenses were up by 12.3% YoY during the same period.
  • The company's operating profit increased by 80.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.2% in 1QFY19 as against 8.6% in 1QFY18.
  • Depreciation charges and finance costs increased by 0.5% YoY and 9.8% YoY, respectively.
  • Other income increased by 36.8% YoY during the quarter.
  • Net profit for the quarter increased by 70.8% YoY. Net profit margins during the quarter increased from 6.6% in 1QFY18 to 9.5% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.6% QoQ during the same period.
  • The company's operating profit declined by 4.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.2% in 1QFY19 as against 13.5% in 4QFY18.
  • Net profit for the quarter declined by 17.7% QoQ, while net profit margins declined from 11.8% in 4QFY18 to 9.5% in 1QFY19.

To see how ABBOTT INDIA has performed over the last eight quarters, please visit here.

ABBOTT INDIA Share Price Performance

Over the last one year, ABBOTT INDIA share price has moved up from Rs 4,274.7 to Rs 7,890.0, registering a Gain of Rs 3,615.4 or around 84.6%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 15,145.3 (up 0.9%). Over the last one year it has moved up from 12,938.2 to 15,145.3, a gain of 2,207 points (up 17.1%).

Overall, the S&P BSE SENSEX is up 20.4% over the year.

Current Valuations

At the current price of Rs 7,890.0, the price to earnings (P/E) ratio of ABBOTT INDIA stands at 38.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.9 times.

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For the quarter ended December 2018, ABBOTT INDIA has posted a net profit of Rs 1 bn (up 1.4% YoY). Sales on the other hand came in at Rs 9 bn (up 7.5% YoY). Read on for a complete analysis of ABBOTT INDIA's quarterly results.

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For the quarter ended September 2018, ABBOTT INDIA has posted a net profit of Rs 1 bn (up 0.1% YoY). Sales on the other hand came in at Rs 10 bn (up 5.2% YoY). Read on for a complete analysis of ABBOTT INDIA's quarterly results.

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