ORCHID PHARMA LTD Announces Quarterly Results (2QFY19); Net Profit Up 67.1%

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ORCHID PHARMA LTD Announces Quarterly Results (2QFY19); Net Profit Up 67.1%
Thu, 31 Jan

ORCHID PHARMA LTD has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

ORCHID PHARMA LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,0931,3061,4259.1%-31.9%
Other incomeRs m47436347.1%33.1%
TurnoverRs m2,1411,3491,48810.3%-30.5%
ExpensesRs m1,8561,4491,4570.6%-21.5%
Gross profitRs m238-3935-85.1%
DepreciationRs m3363283300.5%-2.0%
InterestRs m7551350-100.0%-100.0%
Profit before taxRs m-806-460-231
TaxRs m-10300-200.0%
Profit after taxRs m-703-460-231
Gross profit margin%11.4-3.02.5
Effective tax rate%12.70.00.0
Net profit margin%-32.9-34.1-15.5
* 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 31.9% on a year-on-year (YoY) basis. The expenses were down by 21.5% YoY during the same period.
  • The company's operating profit declined by 85.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.5% in 2QFY19 as against 11.4% in 2QFY18.
  • Depreciation charges declined by 2.0% and finance costs declined by 100.0% YoY, respectively.
  • Other income increased by 33.1% YoY during the quarter.
  • Net profit for the quarter increased by 67.1% YoY. Net profit margins during the quarter increased from -32.9% in 2QFY18 to -15.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.6% QoQ during the same period.
  • The company's operating profit increased by 190.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.5% in 2QFY19 as against 3.0% in 1QFY18.
  • Net profit for the quarter increased by 49.7% QoQ, while net profit margins increased from -34.1% in 1QFY18 to -15.5% in 2QFY19.

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

ORCHID PHARMA LTD Share Price Performance

Over the last one year, ORCHID PHARMA LTD share price has moved up from Rs 17.7 to Rs 4.3, registering a Loss of Rs 13.4 or around 75.8%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 13,860.8 (up 0.7%). Over the last one year it has moved down from 14,559.4 to 13,860.8, a gain of 699 points (down 4.8%).

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

Current Valuations

At the current price of Rs 4.3, the price to book value (P/BV) ratio of ORCHID PHARMA LTD stands at 0.1 times.

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ORCHID PHARMA LTD Announces Quarterly Results (4QFY18); Net Profit Up 50.8% (Quarterly Result Update)

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For the quarter ended March 2018, ORCHID PHARMA LTD has posted a net profit of Rs 924 m (up 50.8% YoY). Sales on the other hand came in at Rs 2 bn (down 24.0% YoY). Read on for a complete analysis of ORCHID PHARMA LTD's quarterly results.

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