LUPIN LTD Announces Quarterly Results (3QFY19); Net Profit Down 149.7%

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LUPIN LTD Announces Quarterly Results (3QFY19); Net Profit Down 149.7%
Wed, 13 Feb

LUPIN LTD has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

LUPIN LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m25,31339,51145,04914.0%78.0%
Other incomeRs m2402,307434-81.2%81.1%
TurnoverRs m25,55241,81745,4838.8%78.0%
ExpensesRs m20,33134,01437,52310.3%84.6%
Gross profitRs m4,9825,4964,103-25.3%-17.6%
DepreciationRs m9922,6552,7985.4%182.1%
InterestRs m677387988.1%1083.5%
Profit before taxRs m4,1624,410942-78.6%-77.4%
TaxRs m1,0701,7292,47843.3%131.5%
Profit after taxRs m3,0922,681-1,536-157.3%-149.7%
Gross profit margin%19.713.99.1
Effective tax rate%25.739.2263.0
Net profit margin%12.16.4-3.4
* 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 78.0% on a year-on-year (YoY) basis. The expenses were up by 84.6% YoY during the same period.
  • The company's operating profit declined by 17.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.1% in 3QFY19 as against 19.7% in 3QFY18.
  • Depreciation charges increased by 182.1% and finance costs increased by 1083.5% YoY, respectively.
  • Other income increased by 81.1% YoY during the quarter.
  • Net profit for the quarter declined by 149.7% YoY. Net profit margins during the quarter declined from 12.1% in 3QFY18 to -3.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 14.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.3% QoQ during the same period.
  • The company's operating profit declined by 25.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.1% in 3QFY19 as against 13.9% in 2QFY18.
  • Net profit for the quarter declined by 157.3% QoQ, while net profit margins declined from 6.4% in 2QFY18 to -3.4% in 3QFY19.

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

LUPIN LTD Share Price Performance

Over the last one year, LUPIN LTD share price has moved up from Rs 839.3 to Rs 803.3, registering a Loss of Rs 36.1 or around 4.3%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 13,741.1 (down 0.1%). Over the last one year it has moved down from 14,517.2 to 13,741.1, a gain of 776 points (down 5.3%).

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 803.3, the price to earnings (P/E) ratio of LUPIN LTD stands at 43.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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