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

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PIRAMAL ENTERPRISES Announces Quarterly Results (2QFY20); Net Profit Up 16.5%
Fri, 25 Oct

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

PIRAMAL ENTERPRISES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m31,44135,06336,0362.8%14.6%
Other incomeRs m563669627-6.3%11.3%
TurnoverRs m32,00435,73236,6622.6%14.6%
ExpensesRs m14,91114,00413,497-3.6%-9.5%
Gross profitRs m17,26420,94522,3986.9%29.7%
DepreciationRs m1,2341,5821,6645.2%34.9%
InterestRs m10,16214,08514,1820.7%39.6%
Profit before taxRs m6,4325,9477,17920.7%11.6%
TaxRs m1,6282,1761,581-27.3%-2.9%
Profit after taxRs m4,8043,7715,59848.4%16.5%
Gross profit margin%54.959.762.2
Effective tax rate%25.336.622.0
Net profit margin%15.010.615.3
* 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 14.6% on a year-on-year (YoY) basis. The expenses were down by 9.5% YoY during the same period.
  • The company's operating profit increased by 29.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 62.2% in 2QFY20 as against 54.9% in 2QFY19.
  • Depreciation charges increased by 34.9% and finance costs increased by 39.6% YoY, respectively.
  • Other income increased by 11.3% YoY during the quarter.
  • Net profit for the quarter increased by 16.5% YoY. Net profit margins during the quarter increased from 15.0% in 2QFY19 to 15.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.6% QoQ during the same period.
  • The company's operating profit increased by 6.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 62.2% in 2QFY20 as against 59.7% in 1QFY19.
  • Net profit for the quarter increased by 48.4% QoQ, while net profit margins increased from 10.6% in 1QFY19 to 15.3% in 2QFY20.

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

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PIRAMAL ENTERPRISES Share Price Performance

Over the last one year,PIRAMAL ENTERPRISES share price has moved down from Rs 1,865.4 to Rs 1,595.6, registering a Loss of Rs 269.8 or around 14.5%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 12,902.7 (up 0.1%). Over the last one year it has moved down from 13,909.4 to 12,902.7, a gain of 1,007 points (down 7.2%).

Overall, the S&P BSE SENSEX is up 14.8% over the year.

Current Valuations

At the current price of Rs 1,595.6, the price to earnings (P/E) ratio of PIRAMAL ENTERPRISES stands at 15.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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