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

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ABBOTT INDIA Announces Quarterly Results (4QFY20); Net Profit Down 2.0%
Tue, 9 Jun

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

ABBOTT INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m9,06310,7839,612-10.9%6.1%
Other incomeRs m2942782811.3%-4.2%
TurnoverRs m9,35711,0609,893-10.5%5.7%
ExpensesRs m7,5348,3868,228-1.9%9.2%
Gross profitRs m1,5292,3971,384-42.2%-9.5%
DepreciationRs m49151148-1.6%201.6%
InterestRs m8192851.6%276.0%
Profit before taxRs m1,7662,5061,489-40.6%-15.7%
TaxRs m634639380-40.6%-40.1%
Profit after taxRs m1,1321,8671,110-40.6%-2.0%
Gross profit margin%16.922.214.4
Effective tax rate%35.925.525.5
Net profit margin%12.116.911.2
* 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 6.1% on a year-on-year (YoY) basis. The expenses were up by 9.2% YoY during the same period.
  • The company's operating profit declined by 9.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.4% in 4QFY20 as against 16.9% in 4QFY19.
  • Depreciation charges increased by 201.6% and finance costs increased by 276.0% YoY, respectively.
  • Other income declined by 4.2% YoY during the quarter.
  • Net profit for the quarter declined by 2.0% YoY. Net profit margins during the quarter declined from 12.1% in 4QFY19 to 11.2% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.9% QoQ during the same period.
  • The company's operating profit declined by 42.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.4% in 4QFY20 as against 22.2% in 3QFY19.
  • Net profit for the quarter declined by 40.6% QoQ, while net profit margins declined from 16.9% in 3QFY19 to 11.2% in 4QFY20.

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 7,935.1 to Rs 16,419.1, registering a Gain of Rs 8,484.1 or around 106.9%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 16,129.9 (up 0.7%). Over the last one year it has moved up from 13,038.9 to 16,129.9, a gain of 3,091 points (up 23.7%).

Overall, the S&P BSE SENSEX is down 13.6% over the year.

Current Valuations

At the current price of Rs 16,419.1, the price to earnings (P/E) ratio of ABBOTT INDIA stands at 58.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 17.4 times.

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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.

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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