ABBOTT INDIA Announces Quarterly Results (2QFY19); Net Profit Up 0.1%

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ABBOTT INDIA Announces Quarterly Results (2QFY19); Net Profit Up 0.1%
Wed, 14 Nov

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

ABBOTT INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m9,3108,4499,79716.0%5.2%
Other incomeRs m15121824512.7%62.9%
TurnoverRs m9,4608,66710,04315.9%6.2%
ExpensesRs m7,2967,3367,8577.1%7.7%
Gross profitRs m2,0131,1141,94074.2%-3.6%
DepreciationRs m4040411.8%0.5%
InterestRs m665-7.1%-11.9%
Profit before taxRs m2,1181,2862,14066.4%1.0%
TaxRs m74346276365.3%2.7%
Profit after taxRs m1,3758241,37767.1%0.1%
Gross profit margin%21.613.219.8
Effective tax rate%35.135.935.7
Net profit margin%14.59.513.7
* 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 5.2% on a year-on-year (YoY) basis. The expenses were up by 7.7% YoY during the same period.
  • The company's operating profit declined by 3.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.8% in 2QFY19 as against 21.6% in 2QFY18.
  • Depreciation charges increased by 0.5% and finance costs declined by 11.9% YoY, respectively.
  • Other income increased by 62.9% YoY during the quarter.
  • Net profit for the quarter increased by 0.1% YoY. Net profit margins during the quarter declined from 14.5% in 2QFY18 to 13.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 16.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.1% QoQ during the same period.
  • The company's operating profit increased by 74.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.8% in 2QFY19 as against 13.2% in 1QFY18.
  • Net profit for the quarter increased by 67.1% QoQ, while net profit margins increased from 9.5% in 1QFY18 to 13.7% in 2QFY19.

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 4,973.4 to Rs 7,518.6, registering a Gain of Rs 2,545.3 or around 51.2%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,308.6 (down 1.1%). Over the last one year it has moved up from 13,727.7 to 14,308.6, a gain of 581 points (up 4.2%).

Overall, the S&P BSE SENSEX is up 6.6% over the year.

Current Valuations

At the current price of Rs 7,518.6, the price to earnings (P/E) ratio of ABBOTT INDIA stands at 36.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.4 times.

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Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, ABBOTT INDIA has posted a net profit of Rs 1 bn (up 41.9% YoY). Sales on the other hand came in at Rs 10 bn (up 18.2% YoY). Read on for a complete analysis of ABBOTT INDIA's quarterly results.

ABBOTT INDIA Announces Quarterly Results (4QFY19); Net Profit Up 13.1% (Quarterly Result Update)

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For the quarter ended March 2019, ABBOTT INDIA has posted a net profit of Rs 1 bn (up 13.1% YoY). Sales on the other hand came in at Rs 9 bn (up 15.0% YoY). Read on for a complete analysis of ABBOTT INDIA's quarterly results.

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