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

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ABBOTT INDIA Announces Quarterly Results (4QFY21); Net Profit Up 37.4%
Thu, 8 Jul

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

ABBOTT INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m9,61210,95410,9550.0%14.0%
Other incomeRs m2811501627.9%-42.4%
TurnoverRs m9,89311,10411,1170.1%12.4%
ExpensesRs m8,2288,5368,9004.3%8.2%
Gross profitRs m1,3842,4182,055-15.0%48.5%
DepreciationRs m1481461513.2%2.0%
InterestRs m28434710.0%68.1%
Profit before taxRs m1,4892,3792,019-15.1%35.6%
TaxRs m380607494-18.7%30.2%
Profit after taxRs m1,1101,7711,525-13.9%37.4%
Gross profit margin%14.422.118.8
Effective tax rate%25.525.524.5
Net profit margin%11.216.013.7
* 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 14.0% on a year-on-year (YoY) basis. The expenses were up by 8.2% YoY during the same period.
  • The company's operating profit increased by 48.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.8% in 4QFY21 as against 14.4% in 4QFY20.
  • Depreciation charges increased by 2.0% and finance costs increased by 68.1% YoY, respectively.
  • Other income declined by 42.4% YoY during the quarter.
  • Net profit for the quarter increased by 37.4% YoY. Net profit margins during the quarter increased from 11.2% in 4QFY20 to 13.7% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.3% QoQ during the same period.
  • The company's operating profit declined by 15.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.8% in 4QFY21 as against 22.1% in 3QFY20.
  • Net profit for the quarter declined by 13.9% QoQ, while net profit margins declined from 15.9% in 3QFY20 to 13.7% in 4QFY21.

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 15,634.7 to Rs 17,229.8, registering a Gain of Rs 1,595.1 or around 10.2%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 25,686.2 (down 1.1%). Over the last one year it has moved up from 16,363.1 to 25,686.2, a gain of 9,323 points (up 57.0%).

Overall, the S&P BSE SENSEX is up 43.8% over the year.

Current Valuations

At the current price of Rs 17,229.8, the price to earnings (P/E) ratio of ABBOTT INDIA stands at 53.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 15.3 times.

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