PFIZER Announces Quarterly Results (2QFY20); Net Profit Up 61.0%

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PFIZER Announces Quarterly Results (2QFY20); Net Profit Up 61.0%
Tue, 29 Oct

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

PFIZER Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m5,1975,4445,6714.2%9.1%
Other incomeRs m37135844824.9%20.8%
TurnoverRs m5,5685,8026,1185.4%9.9%
ExpensesRs m3,9003,7824,0296.5%3.3%
Gross profitRs m1,2981,6621,642-1.2%26.5%
DepreciationRs m1772502510.5%41.7%
InterestRs m2222621.9%1090.9%
Profit before taxRs m1,4891,7491,8123.6%21.7%
TaxRs m531621269-56.6%-49.3%
Profit after taxRs m9581,1281,54336.7%61.0%
Gross profit margin%25.030.529.0
Effective tax rate%35.735.514.9
Net profit margin%17.219.425.2
* 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 9.1% on a year-on-year (YoY) basis. The expenses were up by 3.3% YoY during the same period.
  • The company's operating profit increased by 26.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.0% in 2QFY20 as against 25.0% in 2QFY19.
  • Depreciation charges increased by 41.7% and finance costs increased by 1090.9% YoY, respectively.
  • Other income increased by 20.8% YoY during the quarter.
  • Net profit for the quarter increased by 61.0% YoY. Net profit margins during the quarter increased from 17.2% in 2QFY19 to 25.2% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.5% QoQ during the same period.
  • The company's operating profit declined by 1.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.0% in 2QFY20 as against 30.5% in 1QFY19.
  • Net profit for the quarter increased by 36.7% QoQ, while net profit margins increased from 19.4% in 1QFY19 to 25.2% in 2QFY20.

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

BREAKING NEWS: Massive Opportunity Triggered as Investing Legends Quit
PFIZER Share Price Performance

Over the last one year,PFIZER share price has moved up from Rs 2,902.6 to Rs 3,905.0, registering a Gain of Rs 1,002.5 or around 34.5%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 13,066.7 (up 0.6%). Over the last one year it has moved down from 14,460.2 to 13,066.7, a gain of 1,393 points (down 9.6%).

Overall, the S&P BSE SENSEX is up 16.0% over the year.

Current Valuations

At the current price of Rs 3,905.0, the price to earnings (P/E) ratio of PFIZER stands at 35.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.7 times.

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For the quarter ended December 2019, PFIZER has posted a net profit of Rs 1 bn (up 5.4% YoY). Sales on the other hand came in at Rs 5 bn (up 4.7% YoY). Read on for a complete analysis of PFIZER's quarterly results.

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