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

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ABBOTT INDIA Announces Quarterly Results (3QFY20); Net Profit Up 59.5%
Tue, 11 Feb

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

ABBOTT INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m9,47710,54810,7832.2%13.8%
Other incomeRs m376289278-3.9%-26.2%
TurnoverRs m9,85310,83711,0602.1%12.3%
ExpensesRs m8,0128,5078,386-1.4%4.7%
Gross profitRs m1,4652,0412,39717.4%63.6%
DepreciationRs m401501510.7%280.1%
InterestRs m418192.2%332.6%
Profit before taxRs m1,7972,1632,50615.9%39.4%
TaxRs m62737963968.4%1.9%
Profit after taxRs m1,1711,7831,8674.7%59.5%
Gross profit margin%15.519.422.2
Effective tax rate%34.917.525.5
Net profit margin%11.916.516.9
* 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 13.8% on a year-on-year (YoY) basis. The expenses were up by 4.7% YoY during the same period.
  • The company's operating profit increased by 63.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.2% in 3QFY20 as against 15.5% in 3QFY19.
  • Depreciation charges increased by 280.1% and finance costs increased by 332.6% YoY, respectively.
  • Other income declined by 26.2% YoY during the quarter.
  • Net profit for the quarter increased by 59.5% YoY. Net profit margins during the quarter increased from 11.9% in 3QFY19 to 16.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.4% QoQ during the same period.
  • The company's operating profit increased by 17.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.2% in 3QFY20 as against 19.4% in 2QFY19.
  • Net profit for the quarter increased by 4.7% QoQ, while net profit margins increased from 16.5% in 2QFY19 to 16.9% in 3QFY20.

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 7,712.8 to Rs 14,870.0, registering a Gain of Rs 7,157.2 or around 92.8%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,305.7 (up 0.5%). Over the last one year it has moved up from 13,720.0 to 14,305.7, a gain of 586 points (up 4.3%).

Overall, the S&P BSE SENSEX is up 13.7% over the year.

Current Valuations

At the current price of Rs 14,870.0, the price to earnings (P/E) ratio of ABBOTT INDIA stands at 53.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 15.7 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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