PIRAMAL ENTERPRISES Announces Quarterly Results (1QFY20); Net Profit Up 390.0%

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PIRAMAL ENTERPRISES Announces Quarterly Results (1QFY20); Net Profit Up 390.0%
Thu, 1 Aug

PIRAMAL ENTERPRISES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

PIRAMAL ENTERPRISES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m29,02536,79735,063-4.7%20.8%
Other incomeRs m144852669-21.5%363.6%
TurnoverRs m29,16937,64935,732-5.1%22.5%
ExpensesRs m13,75817,38014,004-19.4%1.8%
Gross profitRs m10,74419,28320,9458.6%94.9%
DepreciationRs m1,2881,3541,58216.8%22.8%
InterestRs m9,09113,15714,0857.1%54.9%
Profit before taxRs m5105,6245,9475.7%1066.5%
TaxRs m1,8102,2432,176-3.0%20.2%
Profit after taxRs m-1,3003,3813,77111.5%
Gross profit margin%37.052.459.7
Effective tax rate%355.139.936.6
Net profit margin%-4.59.010.6
* 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 20.8% on a year-on-year (YoY) basis. The expenses were up by 1.8% YoY during the same period.
  • The company's operating profit increased by 94.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 59.7% in 1QFY20 as against 37.0% in 1QFY19.
  • Depreciation charges increased by 22.8% and finance costs increased by 54.9% YoY, respectively.
  • Other income increased by 363.6% YoY during the quarter.
  • Net profit for the quarter increased by 390.0% YoY. Net profit margins during the quarter increased from -4.5% in 1QFY19 to 10.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 19.4% QoQ during the same period.
  • The company's operating profit increased by 8.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 59.7% in 1QFY20 as against 52.4% in 4QFY19.
  • Net profit for the quarter increased by 11.5% QoQ, while net profit margins increased from 9.0% in 4QFY19 to 10.6% in 1QFY20.

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

PIRAMAL ENTERPRISES Share Price Performance

Over the last one year,PIRAMAL ENTERPRISES share price has moved down from Rs 2,799.8 to Rs 1,777.6, registering a Loss of Rs 1,022.3 or around 36.5%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 12,563.4 (down 1.1%). Over the last one year it has moved down from 14,363.3 to 12,563.4, a gain of 1,800 points (down 12.5%).

Overall, the S&P BSE SENSEX is down 1.0% over the year.

Current Valuations

At the current price of Rs 1,777.6, the price to earnings (P/E) ratio of PIRAMAL ENTERPRISES stands at 17.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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