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

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NOVARTIS Announces Quarterly Results (1QFY20); Net Profit Down 92.1%
Tue, 13 Aug

NOVARTIS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

NOVARTIS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,3811,1041,093-1.0%-20.8%
Other incomeRs m223134109-18.9%-51.1%
TurnoverRs m1,6041,2381,202-2.9%-25.1%
ExpensesRs m1,4169051,14526.5%-19.1%
Gross profitRs m-35199-52-126.2%
DepreciationRs m7932253.8%387.9%
InterestRs m150120.0%-24.2%
Profit before taxRs m16632413-96.0%-92.1%
TaxRs m661295-96.0%-92.1%
Profit after taxRs m1001958-96.0%-92.1%
Gross profit margin%-2.518.0-4.8
Effective tax rate%39.739.739.7
Net profit margin%6.215.80.7
* 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 20.8% on a year-on-year (YoY) basis. The expenses were down by 19.1% YoY during the same period.
  • The company's operating profit increased by 48.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.8% in 1QFY20 as against 2.5% in 1QFY19.
  • Depreciation charges increased by 387.9% and finance costs declined by 24.2% YoY, respectively.
  • Other income declined by 51.1% YoY during the quarter.
  • Net profit for the quarter declined by 92.1% YoY. Net profit margins during the quarter declined from 6.2% in 1QFY19 to 0.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 26.5% QoQ during the same period.
  • The company's operating profit declined by 126.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.8% in 1QFY20 as against 18.0% in 4QFY19.
  • Net profit for the quarter declined by 96.0% QoQ, while net profit margins declined from 15.8% in 4QFY19 to 0.7% in 1QFY20.

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 down from Rs 701.9 to Rs 584.0, registering a Loss of Rs 117.9 or around 16.8%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 12,744.3 (up 0.4%). Over the last one year it has moved down from 14,332.1 to 12,744.3, a gain of 1,588 points (down 11.1%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 584.0, the price to earnings (P/E) ratio of NOVARTIS stands at 460.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 26.7 times.

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Related Views on News

NOVARTIS Announces Quarterly Results (3QFY20); Net Profit Down 39.9% (Quarterly Result Update)

Feb 17, 2020 | Updated on Feb 17, 2020

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 (4QFY19); Net Profit Down 26.2% (Quarterly Result Update)

May 30, 2019 | Updated on May 30, 2019

For the quarter ended March 2019, NOVARTIS has posted a net profit of Rs 195 m (down 26.2% YoY). Sales on the other hand came in at Rs 1 bn (down 11.9% YoY). Read on for a complete analysis of NOVARTIS's quarterly results.

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