PIRAMAL ENTERPRISES Announces Quarterly Results (2QFY19); Net Profit Up 59.3%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

PIRAMAL ENTERPRISES Announces Quarterly Results (2QFY19); Net Profit Up 59.3%
Fri, 9 Nov

PIRAMAL ENTERPRISES has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

PIRAMAL ENTERPRISES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m25,35929,02531,4418.3%24.0%
Other incomeRs m754144563290.2%-25.3%
TurnoverRs m26,11329,16932,0049.7%22.6%
ExpensesRs m12,66013,75814,9118.4%17.8%
Gross profitRs m12,69910,74417,26460.7%36.0%
DepreciationRs m1,2931,2881,234-4.2%-4.6%
InterestRs m7,2479,09110,16211.8%40.2%
Profit before taxRs m4,9125106,4321161.7%30.9%
TaxRs m1,8981,8101,628-10.1%-14.2%
Profit after taxRs m3,015-1,3004,80459.3%
Gross profit margin%50.137.054.9
Effective tax rate%38.6355.125.3
Net profit margin%11.5-4.515.0
* 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 24.0% on a year-on-year (YoY) basis. The expenses were up by 17.8% YoY during the same period.
  • The company's operating profit increased by 36.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 54.9% in 2QFY19 as against 50.1% in 2QFY18.
  • Depreciation charges declined by 4.6% and finance costs increased by 40.2% YoY, respectively.
  • Other income declined by 25.3% YoY during the quarter.
  • Net profit for the quarter increased by 59.3% YoY. Net profit margins during the quarter increased from 11.5% in 2QFY18 to 15.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.4% QoQ during the same period.
  • The company's operating profit increased by 60.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 54.9% in 2QFY19 as against 37.0% in 1QFY18.
  • Net profit for the quarter increased by 469.4% QoQ, while net profit margins increased from -4.5% in 1QFY18 to 15.0% in 2QFY19.

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 up from Rs 2,637.8 to Rs 2,268.6, registering a Loss of Rs 369.2 or around 14.0%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,681.6 (up 1.0%). Over the last one year it has moved up from 13,987.8 to 14,681.6, a gain of 694 points (up 5.0%).

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 2,268.6, the price to earnings (P/E) ratio of PIRAMAL ENTERPRISES stands at 8.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

Equitymaster requests your view! Post a comment on "PIRAMAL ENTERPRISES Announces Quarterly Results (2QFY19); Net Profit Up 59.3%". Click here!

  

Related Views on News

PIRAMAL ENTERPRISES Announces Quarterly Results (3QFY20); Net Profit Up 11.7% (Quarterly Result Update)

Feb 5, 2020 | Updated on Feb 5, 2020

For the quarter ended December 2019, PIRAMAL ENTERPRISES has posted a net profit of Rs 6 bn (up 11.7% YoY). Sales on the other hand came in at Rs 38 bn (up 9.1% YoY). Read on for a complete analysis of PIRAMAL ENTERPRISES's quarterly results.

PIRAMAL ENTERPRISES Announces Quarterly Results (2QFY20); Net Profit Up 16.5% (Quarterly Result Update)

Oct 25, 2019 | Updated on Oct 25, 2019

For the quarter ended September 2019, PIRAMAL ENTERPRISES has posted a net profit of Rs 6 bn (up 16.5% YoY). Sales on the other hand came in at Rs 36 bn (up 14.6% YoY). Read on for a complete analysis of PIRAMAL ENTERPRISES's quarterly results.

PIRAMAL ENTERPRISES 2018-19 Annual Report Analysis (Annual Result Update)

Jul 9, 2019 | Updated on Jul 9, 2019

Here's an analysis of the annual report of PIRAMAL ENTERPRISES for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of PIRAMAL ENTERPRISES. Also includes updates on the valuation of PIRAMAL ENTERPRISES.

More Views on News

Most Popular

How to Find the Best Stocks for Day Trading - 1(Fast Profits Daily)

Jul 2, 2020

In the first of two videos, I'll show you how to identify the best stocks for intraday trading.

Be Prepared to Profit from the Coming Crash in Oil Prices(Fast Profits Daily)

Jun 25, 2020

The stability in crude oil prices will not last much longer. Be ready to make fast profits when the time comes to short crude.

Tata Motors Tripled in 18 Months but You Can Do Even Better. Here's How...(Profit Hunter)

Jun 24, 2020

Rahul is ready for a repeat of his famous 2008 Tata Motors call.

Two Agri Stocks Are Likely to Outperform Even in this Market(Profit Hunter)

Jul 2, 2020

Why we have recommended two agriculture stocks for our Hidden Treasure subscribers. Read on...

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

PIRAMAL ENTERPRISES SHARE PRICE


Jul 3, 2020 (Close)

TRACK PIRAMAL ENTERPRISES

  • Track your investment in PIRAMAL ENTERPRISES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON PIRAMAL ENTERPRISES

PIRAMAL ENTERPRISES - SANOFI INDIA COMPARISON

COMPARE PIRAMAL ENTERPRISES WITH

MARKET STATS