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

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ABBOTT INDIA Announces Quarterly Results (1QFY21); Net Profit Up 54.2%
Tue, 18 Aug

ABBOTT INDIA has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

ABBOTT INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m9,9899,61210,64310.7%6.5%
Other incomeRs m296281276-1.8%-6.7%
TurnoverRs m10,2859,89310,91910.4%6.2%
ExpensesRs m8,2478,2288,3091.0%0.7%
Gross profitRs m1,7421,3842,33468.6%34.0%
DepreciationRs m148148141-4.8%-4.7%
InterestRs m20284557.8%119.2%
Profit before taxRs m1,8701,4892,42562.8%29.7%
TaxRs m70038062263.7%-11.2%
Profit after taxRs m1,1691,1101,80462.5%54.2%
Gross profit margin%17.414.421.9
Effective tax rate%37.425.525.6
Net profit margin%11.411.216.5
* 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 6.5% on a year-on-year (YoY) basis. The expenses were up by 0.7% YoY during the same period.
  • The company's operating profit increased by 34.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.9% in 1QFY21 as against 17.4% in 1QFY20.
  • Depreciation charges declined by 4.7% and finance costs increased by 119.2% YoY, respectively.
  • Other income declined by 6.7% YoY during the quarter.
  • Net profit for the quarter increased by 54.2% YoY. Net profit margins during the quarter increased from 11.4% in 1QFY20 to 16.5% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.0% QoQ during the same period.
  • The company's operating profit increased by 68.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.9% in 1QFY21 as against 14.4% in 4QFY20.
  • Net profit for the quarter increased by 62.5% QoQ, while net profit margins increased from 11.2% in 4QFY20 to 16.5% in 1QFY21.

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

New Opportunity: India's #1 Defence Stock

ABBOTT INDIA Share Price Performance

Over the last one year,ABBOTT INDIA share price has moved up from Rs 9,136.3 to Rs 16,664.1, registering a Gain of Rs 7,527.8 or around 82.4%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 19,062.0 (down 0.3%). Over the last one year it has moved up from 12,476.2 to 19,062.0, a gain of 6,586 points (up 52.8%).

Overall, the S&P BSE SENSEX is up 2.3% over the year.

Current Valuations

At the current price of Rs 16,664.1, the price to earnings (P/E) ratio of ABBOTT INDIA stands at 54.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 17.6 times.

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Related Views on News

ABBOTT INDIA Announces Quarterly Results (4QFY20); Net Profit Down 2.0% (Quarterly Result Update)

Jun 9, 2020 | Updated on Jun 9, 2020

For the quarter ended March 2020, ABBOTT INDIA has posted a net profit of Rs 1 bn (down 2.0% YoY). Sales on the other hand came in at Rs 10 bn (up 6.1% YoY). Read on for a complete analysis of ABBOTT INDIA's quarterly results.

ABBOTT INDIA Announces Quarterly Results (3QFY20); Net Profit Up 59.5% (Quarterly Result Update)

Feb 11, 2020 | Updated on Feb 11, 2020

For the quarter ended December 2019, ABBOTT INDIA has posted a net profit of Rs 2 bn (up 59.5% YoY). Sales on the other hand came in at Rs 11 bn (up 13.8% YoY). Read on for a complete analysis of ABBOTT INDIA's quarterly results.

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