LAURUS LABS Announces Quarterly Results (1QFY22); Net Profit Up 40.7%

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LAURUS LABS Announces Quarterly Results (1QFY22); Net Profit Up 40.7%
Sat, 31 Jul

LAURUS LABS has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

LAURUS LABS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m9,74314,11912,785-9.5%31.2%
Other incomeRs m71455929.4%-17.5%
TurnoverRs m9,81414,16512,844-9.3%30.9%
ExpensesRs m6,9609,3978,832-6.0%26.9%
Gross profitRs m2,7834,7223,954-16.3%42.0%
DepreciationRs m4885365859.2%20.0%
InterestRs m15121926621.5%75.8%
Profit before taxRs m2,2154,0123,161-21.2%42.7%
TaxRs m4971,043744-28.6%49.8%
Profit after taxRs m1,7182,9692,416-18.6%40.7%
Gross profit margin%28.633.430.9
Effective tax rate%22.426.023.6
Net profit margin%17.521.018.8
* 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 31.2% on a year-on-year (YoY) basis. The expenses were up by 26.9% YoY during the same period.
  • The company's operating profit increased by 42.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.9% in 1QFY22 as against 28.6% in 1QFY21.
  • Depreciation charges increased by 20.0% and finance costs increased by 75.8% YoY, respectively.
  • Other income declined by 17.5% YoY during the quarter.
  • Net profit for the quarter increased by 40.7% YoY. Net profit margins during the quarter increased from 17.5% in 1QFY21 to 18.8% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.0% QoQ during the same period.
  • The company's operating profit declined by 16.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.9% in 1QFY22 as against 33.4% in 4QFY21.
  • Net profit for the quarter declined by 18.6% QoQ, while net profit margins declined from 21.0% in 4QFY21 to 18.8% in 1QFY22.

To see how LAURUS LABS has performed over the last eight quarters,please visit here.

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LAURUS LABS Share Price Performance

Over the last one year, LAURUS LABS share price has moved up from Rs 186.7 to Rs 640.7, registering a Gain of Rs 453.9 or around 243.1%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 26,156.2 (up 2.3%). Over the last one year it has moved up from 18,284.8 to 26,156.2, a gain of 7,871 points (up 43.0%).

Overall, the S&P BSE SENSEX is up 38.1% over the year.

Current Valuations

At the current price of Rs 640.7, the price to earnings (P/E) ratio of LAURUS LABS stands at 32.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.3 times.

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