PFIZER Announces Quarterly Results (1QFY21); Net Profit Up 10.3%

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PFIZER Announces Quarterly Results (1QFY21); Net Profit Up 10.3%
Wed, 26 Aug

PFIZER has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

PFIZER Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m5,4445,0205,1492.6%-5.4%
Other incomeRs m358452172-62.0%-52.0%
TurnoverRs m5,8025,4725,321-2.8%-8.3%
ExpensesRs m3,7823,9333,286-16.5%-13.1%
Gross profitRs m1,6621,0871,86371.4%12.1%
DepreciationRs m250284271-4.5%8.6%
InterestRs m223630-16.9%40.0%
Profit before taxRs m1,7491,2191,73342.2%-0.9%
TaxRs m621189489158.8%-21.3%
Profit after taxRs m1,1281,0301,24520.8%10.3%
Gross profit margin%30.521.736.2
Effective tax rate%35.515.528.2
Net profit margin%19.418.823.4
* 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 5.4% on a year-on-year (YoY) basis. The expenses were down by 13.1% YoY during the same period.
  • The company's operating profit increased by 12.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.2% in 1QFY21 as against 30.5% in 1QFY20.
  • Depreciation charges increased by 8.6% and finance costs increased by 40.0% YoY, respectively.
  • Other income declined by 52.0% YoY during the quarter.
  • Net profit for the quarter increased by 10.3% YoY. Net profit margins during the quarter increased from 19.4% in 1QFY20 to 23.4% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.5% QoQ during the same period.
  • The company's operating profit increased by 71.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.2% in 1QFY21 as against 21.7% in 4QFY20.
  • Net profit for the quarter increased by 20.8% QoQ, while net profit margins increased from 18.8% in 4QFY20 to 23.4% in 1QFY21.

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

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PFIZER Share Price Performance

Over the last one year,PFIZER share price has moved up from Rs 2,901.6 to Rs 4,821.0, registering a Gain of Rs 1,919.5 or around 66.2%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 19,137.2 (down 0.2%). Over the last one year it has moved up from 12,548.7 to 19,137.2, a gain of 6,588 points (up 52.5%).

Overall, the S&P BSE SENSEX is up 3.7% over the year.

Current Valuations

At the current price of Rs 4,821.0, the price to earnings (P/E) ratio of PFIZER stands at 42.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.3 times.

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