NATCO PHARMA Announces Quarterly Results (3QFY20); Net Profit Down 34.5%

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NATCO PHARMA Announces Quarterly Results (3QFY20); Net Profit Down 34.5%
Mon, 17 Feb

NATCO PHARMA has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

NATCO PHARMA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m5,5674,8574,822-0.7%-13.4%
Other incomeRs m233332308-7.2%32.2%
TurnoverRs m5,8005,1895,130-1.1%-11.6%
ExpensesRs m3,4833,5143,5350.6%1.5%
Gross profitRs m2,0841,3431,287-4.2%-38.2%
DepreciationRs m20721925416.0%22.7%
InterestRs m636253-14.5%-15.9%
Profit before taxRs m2,0471,3941,288-7.6%-37.1%
TaxRs m45421724412.4%-46.3%
Profit after taxRs m1,5931,1771,044-11.3%-34.5%
Gross profit margin%37.427.726.7
Effective tax rate%22.215.618.9
Net profit margin%27.522.720.4
* 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 fell 13.4% on a year-on-year (YoY) basis. The expenses were up by 1.5% YoY during the same period.
  • The company's operating profit declined by 38.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.7% in 3QFY20 as against 37.4% in 3QFY19.
  • Depreciation charges increased by 22.7% and finance costs declined by 15.9% YoY, respectively.
  • Other income increased by 32.2% YoY during the quarter.
  • Net profit for the quarter declined by 34.5% YoY. Net profit margins during the quarter declined from 27.5% in 3QFY19 to 20.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.6% QoQ during the same period.
  • The company's operating profit declined by 4.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.7% in 3QFY20 as against 27.7% in 2QFY19.
  • Net profit for the quarter declined by 11.3% QoQ, while net profit margins declined from 22.7% in 2QFY19 to 20.4% in 3QFY20.

To see how NATCO PHARMA has performed over the last eight quarters,please visit here.

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NATCO PHARMA Share Price Performance

Over the last one year,NATCO PHARMA share price has moved up from Rs 594.4 to Rs 669.8, registering a Gain of Rs 75.4 or around 12.7%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,198.8 (down 1.5%). Over the last one year it has moved up from 13,433.0 to 14,198.8, a gain of 766 points (up 5.7%).

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 669.8, the price to earnings (P/E) ratio of NATCO PHARMA stands at 22.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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NATCO PHARMA Announces Quarterly Results (1QFY20); Net Profit Down 21.1% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, NATCO PHARMA has posted a net profit of Rs 1 bn (down 21.1% YoY). Sales on the other hand came in at Rs 5 bn (down 8.6% YoY). Read on for a complete analysis of NATCO PHARMA's quarterly results.

NATCO PHARMA Announces Quarterly Results (4QFY19); Net Profit Down 59.8% (Quarterly Result Update)

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For the quarter ended March 2019, NATCO PHARMA has posted a net profit of Rs 1 bn (down 59.8% YoY). Sales on the other hand came in at Rs 5 bn (down 40.6% YoY). Read on for a complete analysis of NATCO PHARMA's quarterly results.

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