PFIZER Announces Quarterly Results (2QFY21); Net Profit Down 14.8%

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PFIZER Announces Quarterly Results (2QFY21); Net Profit Down 14.8%
Wed, 4 Nov

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

PFIZER Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m5,6715,1495,95415.6%5.0%
Other incomeRs m448172122-29.4%-72.8%
TurnoverRs m6,1185,3216,07614.2%-0.7%
ExpensesRs m4,0293,2863,92119.3%-2.7%
Gross profitRs m1,6421,8632,0339.1%23.8%
DepreciationRs m2512712772.2%10.3%
InterestRs m26304756.5%79.8%
Profit before taxRs m1,8121,7331,8305.6%1.0%
TaxRs m2694895175.7%91.8%
Profit after taxRs m1,5431,2451,3145.6%-14.8%
Gross profit margin%29.036.234.1
Effective tax rate%14.928.228.2
Net profit margin%25.223.421.6
* 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 5.0% on a year-on-year (YoY) basis. The expenses were down by 2.7% YoY during the same period.
  • The company's operating profit increased by 23.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.1% in 2QFY21 as against 29.0% in 2QFY20.
  • Depreciation charges increased by 10.3% and finance costs increased by 79.8% YoY, respectively.
  • Other income declined by 72.8% YoY during the quarter.
  • Net profit for the quarter declined by 14.8% YoY. Net profit margins during the quarter declined from 25.2% in 2QFY20 to 21.6% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.3% QoQ during the same period.
  • The company's operating profit increased by 9.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 34.1% in 2QFY21 as against 36.2% in 1QFY20.
  • Net profit for the quarter increased by 5.6% QoQ, while net profit margins declined from 23.4% in 1QFY20 to 21.6% in 2QFY21.

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 4,072.9 to Rs 4,915.0, registering a Gain of Rs 842.1 or around 20.7%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 19,668.2 (up 1.7%). Over the last one year it has moved up from 13,321.1 to 19,668.2, a gain of 6,347 points (up 47.6%).

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

Current Valuations

At the current price of Rs 4,915.0, the price to earnings (P/E) ratio of PFIZER stands at 45.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.5 times.

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PFIZER Announces Quarterly Results (3QFY21); Net Profit Up 1.6% (Quarterly Result Update)

Feb 10, 2021 | Updated on Feb 10, 2021

For the quarter ended December 2020, PFIZER has posted a net profit of Rs 1 bn (up 1.6% YoY). Sales on the other hand came in at Rs 6 bn (up 10.3% YoY). Read on for a complete analysis of PFIZER's quarterly results.

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

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For the quarter ended June 2020, PFIZER has posted a net profit of Rs 1 bn (up 10.3% YoY). Sales on the other hand came in at Rs 5 bn (down 5.4% YoY). Read on for a complete analysis of PFIZER's quarterly results.

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