NOVARTIS Announces Quarterly Results (1QFY19); Net Profit Up 42.2%

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NOVARTIS Announces Quarterly Results (1QFY19); Net Profit Up 42.2%
Mon, 30 Jul

NOVARTIS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

NOVARTIS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m1,1481,2531,38110.2%20.3%
Other incomeRs m2271,096223-79.7%-1.8%
TurnoverRs m1,3752,3491,604-31.7%16.6%
ExpensesRs m1,2691,4721,416-3.8%11.6%
Gross profitRs m-121-219-35
DepreciationRs m7673.1%-7.0%
InterestRs m05115-70.2%7550.0%
Profit before taxRs m99819166-79.7%68.4%
TaxRs m2855566-88.1%133.7%
Profit after taxRs m70265100-62.2%42.2%
Gross profit margin%-10.5-17.5-2.5
Effective tax rate%28.667.739.7
Net profit margin%5.111.36.2
* 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 20.3% on a year-on-year (YoY) basis. The expenses were up by 11.6% YoY during the same period.
  • The company's operating profit declined by 71.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.5% in 1QFY19 as against 10.5% in 1QFY18.
  • Depreciation charges and finance costs declined by 7.0% YoY and 7550.0% YoY, respectively.
  • Other income declined by 1.8% YoY during the quarter.
  • Net profit for the quarter increased by 42.2% YoY. Net profit margins during the quarter increased from 5.1% in 1QFY18 to 6.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.8% QoQ during the same period.
  • The company's operating profit increased by 84.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.5% in 1QFY19 as against 17.5% in 4QFY18.
  • Net profit for the quarter declined by 62.2% QoQ, while net profit margins declined from 11.3% in 4QFY18 to 6.2% in 1QFY19.

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

NOVARTIS Share Price Performance

Over the last one year, NOVARTIS share price has moved up from Rs 629.9 to Rs 634.2, registering a Gain of Rs 4.3 or around 0.7%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,122.7 (up 0.7%). Over the last one year it has moved down from 14,414.2 to 14,122.7, a gain of 291 points (down 2.0%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 634.2, the price to earnings (P/E) ratio of NOVARTIS stands at 261.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 29.0 times.

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For the quarter ended December 2019, NOVARTIS has posted a net profit of Rs 77 m (down 39.9% YoY). Sales on the other hand came in at Rs 1 bn (down 13.4% YoY). Read on for a complete analysis of NOVARTIS's quarterly results.

NOVARTIS Announces Quarterly Results (1QFY20); Net Profit Down 92.1% (Quarterly Result Update)

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For the quarter ended June 2019, NOVARTIS has posted a net profit of Rs 8 m (down 92.1% YoY). Sales on the other hand came in at Rs 1 bn (down 20.8% YoY). Read on for a complete analysis of NOVARTIS's quarterly results.

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