ABBOTT INDIA Announces Quarterly Results (3QFY19); Net Profit Up 1.4%

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ABBOTT INDIA Announces Quarterly Results (3QFY19); Net Profit Up 1.4%
Tue, 12 Feb

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

ABBOTT INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m8,8159,7979,477-3.3%7.5%
Other incomeRs m19024537653.4%98.1%
TurnoverRs m9,00510,0439,853-1.9%9.4%
ExpensesRs m7,1827,8578,0122.0%11.6%
Gross profitRs m1,6331,9401,465-24.5%-10.3%
DepreciationRs m424140-2.5%-6.2%
InterestRs m554-17.3%-15.7%
Profit before taxRs m1,7762,1401,797-16.0%1.2%
TaxRs m622763627-17.8%0.7%
Profit after taxRs m1,1541,3771,171-15.0%1.4%
Gross profit margin%18.519.815.5
Effective tax rate%35.035.734.9
Net profit margin%12.813.711.9
* 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 7.5% on a year-on-year (YoY) basis. The expenses were up by 11.6% YoY during the same period.
  • The company's operating profit declined by 10.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.5% in 3QFY19 as against 18.5% in 3QFY18.
  • Depreciation charges declined by 6.2% and finance costs declined by 15.7% YoY, respectively.
  • Other income increased by 98.1% YoY during the quarter.
  • Net profit for the quarter increased by 1.4% YoY. Net profit margins during the quarter declined from 12.8% in 3QFY18 to 11.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.0% QoQ during the same period.
  • The company's operating profit declined by 24.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.5% in 3QFY19 as against 19.8% in 2QFY18.
  • Net profit for the quarter declined by 15.0% QoQ, while net profit margins declined from 13.7% in 2QFY18 to 11.9% in 3QFY19.

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 5,927.6 to Rs 7,660.0, registering a Gain of Rs 1,732.5 or around 29.2%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 13,718.7 (down 0.0%). Over the last one year it has moved down from 14,517.2 to 13,718.7, a gain of 798 points (down 5.5%).

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 7,660.0, the price to earnings (P/E) ratio of ABBOTT INDIA stands at 37.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.6 times.

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