ABBOTT INDIA Announces Quarterly Results (1QFY22); Net Profit Up 8.5%

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ABBOTT INDIA Announces Quarterly Results (1QFY22); Net Profit Up 8.5%
Mon, 9 Aug

ABBOTT INDIA has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

ABBOTT INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m10,64310,95512,17811.2%14.4%
Other incomeRs m27616219218.6%-30.5%
TurnoverRs m10,91911,11712,37011.3%13.3%
ExpensesRs m8,3098,9009,5277.0%14.7%
Gross profitRs m2,3342,0552,65229.0%13.6%
DepreciationRs m1411511574.1%11.6%
InterestRs m4547506.3%13.3%
Profit before taxRs m2,4252,0192,63630.6%8.7%
TaxRs m62249467837.3%9.1%
Profit after taxRs m1,8041,5251,95828.4%8.5%
Gross profit margin%21.918.821.8
Effective tax rate%25.624.525.7
Net profit margin%16.513.715.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 14.4% on a year-on-year (YoY) basis. The expenses were up by 14.7% YoY during the same period.
  • The company's operating profit increased by 13.6% YoY during the quarter. Consequently, operating profit margins remained same and stood at 21.8% in 1QFY22.
  • Depreciation charges increased by 11.6% and finance costs increased by 13.3% YoY, respectively.
  • Other income declined by 30.5% YoY during the quarter.
  • Net profit for the quarter increased by 8.5% YoY. Net profit margins during the quarter declined from 16.5% in 1QFY21 to 15.8% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.0% QoQ during the same period.
  • The company's operating profit increased by 29.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.8% in 1QFY22 as against 18.8% in 4QFY21.
  • Net profit for the quarter increased by 28.4% QoQ, while net profit margins increased from 13.7% in 4QFY21 to 15.8% in 1QFY22.

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

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ABBOTT INDIA Share Price Performance

Over the last one year, ABBOTT INDIA share price has moved up from Rs 16,188.6 to Rs 17,538.4, registering a Gain of Rs 1,349.8 or around 8.3%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 26,357.8 (down 0.0%). Over the last one year it has moved up from 18,760.8 to 26,357.8, a gain of 7,597 points (up 40.5%).

Overall, the S&P BSE SENSEX is up 44.4% over the year.

Current Valuations

At the current price of Rs 17,538.4, the price to earnings (P/E) ratio of ABBOTT INDIA stands at 52.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.6 times.

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ABBOTT INDIA Announces Quarterly Results (4QFY21); Net Profit Up 37.4% (Quarterly Result Update)

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For the quarter ended March 2021, ABBOTT INDIA has posted a net profit of Rs 2 bn (up 37.4% YoY). Sales on the other hand came in at Rs 11 bn (up 14.0% YoY). Read on for a complete analysis of ABBOTT INDIA's quarterly results.

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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.

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