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

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PFIZER Announces Quarterly Results (3QFY21); Net Profit Up 1.6%
Wed, 10 Feb

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

PFIZER Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m5,3825,9545,935-0.3%10.3%
Other incomeRs m58212214619.9%-75.0%
TurnoverRs m5,9646,0766,0810.1%2.0%
ExpensesRs m4,0473,9213,9671.2%-2.0%
Gross profitRs m1,3342,0331,968-3.2%47.5%
DepreciationRs m247277272-1.8%10.2%
InterestRs m254739-18.3%56.5%
Profit before taxRs m1,6451,8301,803-1.5%9.6%
TaxRs m254517390-24.5%53.4%
Profit after taxRs m1,3911,3141,4127.5%1.6%
Gross profit margin%24.834.133.2
Effective tax rate%15.528.221.6
Net profit margin%23.321.623.2
* 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 10.3% on a year-on-year (YoY) basis. The expenses were down by 2.0% YoY during the same period.
  • The company's operating profit increased by 47.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 33.2% in 3QFY21 as against 24.8% in 3QFY20.
  • Depreciation charges increased by 10.2% and finance costs increased by 56.5% YoY, respectively.
  • Other income declined by 75.0% YoY during the quarter.
  • Net profit for the quarter increased by 1.6% YoY. Net profit margins during the quarter declined from 23.3% in 3QFY20 to 23.2% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.2% QoQ during the same period.
  • The company's operating profit declined by 3.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 33.2% in 3QFY21 as against 34.1% in 2QFY20.
  • Net profit for the quarter increased by 7.5% QoQ, while net profit margins increased from 21.6% in 2QFY20 to 23.2% in 3QFY21.

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 4,292.7 to Rs 4,434.8, registering a Gain of Rs 142.1 or around 3.3%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 21,752.6 (down 0.1%). Over the last one year it has moved up from 14,241.2 to 21,752.6, a gain of 7,511 points (up 52.7%).

Overall, the S&P BSE SENSEX is up 25.0% over the year.

Current Valuations

At the current price of Rs 4,434.8, the price to earnings (P/E) ratio of PFIZER stands at 40.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.7 times.

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Related Views on News

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

Nov 4, 2020 | Updated on Nov 4, 2020

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.

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

Aug 26, 2020 | Updated on Aug 26, 2020

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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