NEULAND LABS Announces Quarterly Results (3QFY21); Net Profit Up 141.5%

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NEULAND LABS Announces Quarterly Results (3QFY21); Net Profit Up 141.5%
Wed, 3 Feb

NEULAND LABS has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

NEULAND LABS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m2,0362,4142,4541.7%20.5%
Other incomeRs m1062-67.8%-80.9%
TurnoverRs m2,0462,4202,4561.5%20.0%
ExpensesRs m1,7562,0061,989-0.9%13.3%
Gross profitRs m28140846514.1%65.7%
DepreciationRs m789310412.3%33.1%
InterestRs m57354426.4%-22.0%
Profit before taxRs m15628631911.5%104.5%
TaxRs m457252-28.4%14.5%
Profit after taxRs m11021326725.0%141.5%
Gross profit margin%13.816.919.0
Effective tax rate%29.125.316.3
Net profit margin%5.48.810.9
* 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 20.5% on a year-on-year (YoY) basis. The expenses were up by 13.3% YoY during the same period.
  • The company's operating profit increased by 65.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.0% in 3QFY21 as against 13.8% in 3QFY20.
  • Depreciation charges increased by 33.1% and finance costs declined by 22.0% YoY, respectively.
  • Other income declined by 80.9% YoY during the quarter.
  • Net profit for the quarter increased by 141.5% YoY. Net profit margins during the quarter increased from 5.4% in 3QFY20 to 10.9% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.9% QoQ during the same period.
  • The company's operating profit increased by 14.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.0% in 3QFY21 as against 16.9% in 2QFY20.
  • Net profit for the quarter increased by 25.0% QoQ, while net profit margins increased from 8.8% in 2QFY20 to 10.9% in 3QFY21.

To see how NEULAND LABS has performed over the last eight quarters,please visit here.

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NEULAND LABS Share Price Performance

Over the last one year, NEULAND LABS share price has moved up from Rs 425.6 to Rs 1,475.0, registering a Gain of Rs 1,049.5 or around 246.6%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 21,608.2 (up 2.6%). Over the last one year it has moved up from 13,739.5 to 21,608.2, a gain of 7,869 points (up 57.3%).

Overall, the S&P BSE SENSEX is up 26.5% over the year.

Current Valuations

At the current price of Rs 1,475.0, the price to earnings (P/E) ratio of NEULAND LABS stands at 35.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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