PFIZER Announces Quarterly Results (3QFY20); Net Profit Up 5.4%

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PFIZER Announces Quarterly Results (3QFY20); Net Profit Up 5.4%
Wed, 19 Feb

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

PFIZER Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m5,1385,6715,382-5.1%4.7%
Other incomeRs m64444858230.1%-9.5%
TurnoverRs m5,7816,1185,964-2.5%3.2%
ExpensesRs m3,5954,0294,0470.5%12.6%
Gross profitRs m1,5431,6421,334-18.7%-13.5%
DepreciationRs m178251247-1.7%39.0%
InterestRs m32625-6.1%748.3%
Profit before taxRs m2,0061,8121,645-9.2%-18.0%
TaxRs m687269254-5.5%-63.0%
Profit after taxRs m1,3191,5431,391-9.8%5.4%
Gross profit margin%30.029.024.8
Effective tax rate%34.214.915.5
Net profit margin%22.825.223.3
* 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 4.7% on a year-on-year (YoY) basis. The expenses were up by 12.6% YoY during the same period.
  • The company's operating profit declined by 13.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.8% in 3QFY20 as against 30.0% in 3QFY19.
  • Depreciation charges increased by 39.0% and finance costs increased by 748.3% YoY, respectively.
  • Other income declined by 9.5% YoY during the quarter.
  • Net profit for the quarter increased by 5.4% YoY. Net profit margins during the quarter increased from 22.8% in 3QFY19 to 23.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.5% QoQ during the same period.
  • The company's operating profit declined by 18.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.8% in 3QFY20 as against 29.0% in 2QFY19.
  • Net profit for the quarter declined by 9.8% QoQ, while net profit margins declined from 25.2% in 2QFY19 to 23.3% in 3QFY20.

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

Latest: Chinese Aggression on the Border Triggers a Huge Opportunity

PFIZER Share Price Performance

Over the last one year,PFIZER share price has moved up from Rs 2,907.5 to Rs 4,204.6, registering a Gain of Rs 1,297.1 or around 44.6%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,460.0 (up 1.8%). Over the last one year it has moved up from 13,314.3 to 14,460.0, a gain of 1,146 points (up 8.6%).

Overall, the S&P BSE SENSEX is up 16.2% over the year.

Current Valuations

At the current price of Rs 4,204.6, the price to earnings (P/E) ratio of PFIZER stands at 37.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.4 times.

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

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For the quarter ended September 2020, PFIZER has posted a net profit of Rs 1 bn (down 14.8% YoY). Sales on the other hand came in at Rs 6 bn (up 5.0% YoY). Read on for a complete analysis of PFIZER's quarterly results.

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