ABBOTT INDIA Announces Quarterly Results (1QFY20); Net Profit Up 41.9%

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ABBOTT INDIA Announces Quarterly Results (1QFY20); Net Profit Up 41.9%
Thu, 8 Aug

ABBOTT INDIA has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ABBOTT INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m8,4499,0639,98910.2%18.2%
Other incomeRs m2182942960.8%36.0%
TurnoverRs m8,6679,35710,2859.9%18.7%
ExpensesRs m7,3367,5348,2479.5%12.4%
Gross profitRs m1,1141,5291,74213.9%56.4%
DepreciationRs m4049148201.4%270.9%
InterestRs m6820170.7%262.5%
Profit before taxRs m1,2861,7661,8705.9%45.4%
TaxRs m46263470010.4%51.7%
Profit after taxRs m8241,1321,1693.3%41.9%
Gross profit margin%13.216.917.4
Effective tax rate%35.935.937.4
Net profit margin%9.512.111.4
* 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 12.4% YoY during the same period.
  • The company's operating profit increased by 56.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.4% in 1QFY20 as against 13.2% in 1QFY19.
  • Depreciation charges increased by 270.9% and finance costs increased by 262.5% YoY, respectively.
  • Other income increased by 36.0% YoY during the quarter.
  • Net profit for the quarter increased by 41.9% YoY. Net profit margins during the quarter increased from 9.5% in 1QFY19 to 11.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.5% QoQ during the same period.
  • The company's operating profit increased by 13.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.4% in 1QFY20 as against 16.9% in 4QFY19.
  • Net profit for the quarter increased by 3.3% QoQ, while net profit margins declined from 12.1% in 4QFY19 to 11.4% in 1QFY20.

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 8,036.7 to Rs 9,093.8, registering a Gain of Rs 1,057.1 or around 13.2%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 12,627.5 (up 0.5%). Over the last one year it has moved down from 14,502.8 to 12,627.5, a gain of 1,875 points (down 12.9%).

Overall, the S&P BSE SENSEX is down 1.4% over the year.

Current Valuations

At the current price of Rs 9,093.8, the price to earnings (P/E) ratio of ABBOTT INDIA stands at 39.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.4 times.

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Related Views on News

ABBOTT INDIA Announces Quarterly Results (3QFY21); Net Profit Down 5.1% (Quarterly Result Update)

Feb 11, 2021 | Updated on Feb 11, 2021

For the quarter ended December 2020, ABBOTT INDIA has posted a net profit of Rs 2 bn (down 5.1% YoY). Sales on the other hand came in at Rs 11 bn (up 1.6% YoY). Read on for a complete analysis of ABBOTT INDIA's quarterly results.

ABBOTT INDIA Announces Quarterly Results (1QFY21); Net Profit Up 54.2% (Quarterly Result Update)

Aug 18, 2020 | Updated on Aug 18, 2020

For the quarter ended June 2020, ABBOTT INDIA has posted a net profit of Rs 2 bn (up 54.2% YoY). Sales on the other hand came in at Rs 11 bn (up 6.5% YoY). Read on for a complete analysis of ABBOTT INDIA's quarterly results.

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