LUPIN Announces Quarterly Results (2QFY21); Net Profit Up 271.3%

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LUPIN Announces Quarterly Results (2QFY21); Net Profit Up 271.3%
Fri, 6 Nov

LUPIN has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

LUPIN Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m43,59735,27938,3508.7%-12.0%
Other incomeRs m1,333433250-42.3%-81.3%
TurnoverRs m44,92935,71138,6008.1%-14.1%
ExpensesRs m36,28630,39832,5387.0%-10.3%
Gross profitRs m1,8464,8815,81219.1%214.9%
DepreciationRs m3,2152,1462,127-0.9%-33.8%
InterestRs m865443336-24.0%-61.1%
Profit before taxRs m-9012,7253,59832.1%
TaxRs m3431,6431,467-10.7%327.7%
Profit after taxRs m-1,2441,0812,13197.0%
Gross profit margin%4.213.815.2
Effective tax rate%-38.160.340.8
Net profit margin%-2.83.05.5
* 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 fell 12.0% on a year-on-year (YoY) basis. The expenses were down by 10.3% YoY during the same period.
  • The company's operating profit increased by 214.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.2% in 2QFY21 as against 4.2% in 2QFY20.
  • Depreciation charges declined by 33.8% and finance costs declined by 61.1% YoY, respectively.
  • Other income declined by 81.3% YoY during the quarter.
  • Net profit for the quarter increased by 271.3% YoY. Net profit margins during the quarter increased from -2.8% in 2QFY20 to 5.5% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.0% QoQ during the same period.
  • The company's operating profit increased by 19.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.2% in 2QFY21 as against 13.8% in 1QFY20.
  • Net profit for the quarter increased by 97.0% QoQ, while net profit margins increased from 3.0% in 1QFY20 to 5.5% in 2QFY21.

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

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LUPIN Share Price Performance

Over the last one year, LUPIN share price has moved up from Rs 772.2 to Rs 920.7, registering a Gain of Rs 148.6 or around 19.2%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 19,704.0 (down 0.4%). Over the last one year it has moved up from 13,231.2 to 19,704.0, a gain of 6,473 points (up 48.9%).

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 920.7, the price to book value (P/BV) ratio of LUPIN stands at 3.0 times.

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