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- LUPIN Announces Quarterly Results (2QFY21); Net Profit Up 271.3%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 43,597 | 35,279 | 38,350 | 8.7% | -12.0% |
| Other income | Rs m | 1,333 | 433 | 250 | -42.3% | -81.3% |
| Turnover | Rs m | 44,929 | 35,711 | 38,600 | 8.1% | -14.1% |
| Expenses | Rs m | 36,286 | 30,398 | 32,538 | 7.0% | -10.3% |
| Gross profit | Rs m | 1,846 | 4,881 | 5,812 | 19.1% | 214.9% |
| Depreciation | Rs m | 3,215 | 2,146 | 2,127 | -0.9% | -33.8% |
| Interest | Rs m | 865 | 443 | 336 | -24.0% | -61.1% |
| Profit before tax | Rs m | -901 | 2,725 | 3,598 | 32.1% | |
| Tax | Rs m | 343 | 1,643 | 1,467 | -10.7% | 327.7% |
| Profit after tax | Rs m | -1,244 | 1,081 | 2,131 | 97.0% | |
| Gross profit margin | % | 4.2 | 13.8 | 15.2 | ||
| Effective tax rate | % | -38.1 | 60.3 | 40.8 | ||
| Net profit margin | % | -2.8 | 3.0 | 5.5 |
Interim results exclude extraordinary / exceptional items
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.
LIVE NOW: India's REVIVAL Special Replay
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.
Related Views on News
LUPIN 2019-20 Annual Report Analysis (Annual Result Update)
Dec 7, 2020 | Updated on Dec 7, 2020Here's an analysis of the annual report of LUPIN for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of LUPIN. Also includes updates on the valuation of LUPIN.
LUPIN Announces Quarterly Results (1QFY21); Net Profit Down 64.2% (Quarterly Result Update)
Aug 18, 2020 | Updated on Aug 18, 2020For the quarter ended June 2020, LUPIN has posted a net profit of Rs 1 bn (down 64.2% YoY). Sales on the other hand came in at Rs 35 bn (down 20.2% YoY). Read on for a complete analysis of LUPIN's quarterly results.
LUPIN Announces Quarterly Results (4QFY20); Net Profit Up 35.5% (Quarterly Result Update)
Jun 1, 2020 | Updated on Jun 1, 2020For the quarter ended March 2020, LUPIN has posted a net profit of Rs 4 bn (up 35.5% YoY). Sales on the other hand came in at Rs 38 bn (down 12.7% YoY). Read on for a complete analysis of LUPIN's quarterly results.
LUPIN 2018-19 Annual Report Analysis (Annual Result Update)
Jul 18, 2019 | Updated on Jul 18, 2019Here's an analysis of the annual report of LUPIN for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of LUPIN. Also includes updates on the valuation of LUPIN.
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