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- DR. REDDYS LAB Announces Quarterly Results (1QFY19); Net Profit Up 614.9%
DR. REDDYS LAB Announces Quarterly Results (1QFY19); Net Profit Up 614.9%
Fri, 27 Jul
DR. REDDYS LAB has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:
DR. REDDYS LAB Quarterly Financials
| No. of Mths Qtr. Ending | 3 Jun-17* | 3 Mar-18* | 3 Jun-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 33,332 | 35,539 | 37,365 | 5.1% | 12.1% |
| Other income | Rs m | 380 | 449 | 504 | 12.2% | 32.6% |
| Turnover | Rs m | 33,712 | 35,988 | 37,869 | 5.2% | 12.3% |
| Expenses | Rs m | 30,100 | 29,903 | 29,677 | -0.8% | -1.4% |
| Gross profit | Rs m | 3,330 | 5,705 | 7,771 | 36.2% | 133.4% |
| Depreciation | Rs m | 2,592 | 2,763 | 2,787 | 0.9% | 7.5% |
| Interest | Rs m | 215 | 178 | 195 | 9.6% | -9.3% |
| Profit before tax | Rs m | 903 | 3,213 | 5,293 | 64.7% | 486.2% |
| Tax | Rs m | 237 | 492 | 532 | 8.1% | 124.5% |
| Profit after tax | Rs m | 666 | 2,721 | 4,761 | 75.0% | 614.9% |
| Gross profit margin | % | 10.0 | 16.1 | 20.8 | ||
| Effective tax rate | % | 26.2 | 15.3 | 10.1 | ||
| Net profit margin | % | 2.0 | 7.6 | 12.6 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 12.1% on a year-on-year (YoY) basis. The expenses were down by 1.4% YoY during the same period.
- The company's operating profit increased by 133.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.8% in 1QFY19 as against 10.0% in 1QFY18.
- Depreciation charges and finance costs increased by 7.5% YoY and 9.3% YoY, respectively.
- Other income increased by 32.6% YoY during the quarter.
- Net profit for the quarter increased by 614.9% YoY. Net profit margins during the quarter increased from 2.0% in 1QFY18 to 12.6% in 1QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 5.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.8% QoQ during the same period.
- The company's operating profit increased by 36.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.8% in 1QFY19 as against 16.1% in 4QFY18.
- Net profit for the quarter increased by 75.0% QoQ, while net profit margins increased from 7.6% in 4QFY18 to 12.6% in 1QFY19.
To see how DR. REDDYS LAB has performed over the last eight quarters, please visit here.
DR. REDDYS LAB Share Price Performance
Over the last one year, DR. REDDYS LAB share price has moved up from Rs 2,621.5 to Rs 2,085.1, registering a Loss of Rs 536.4 or around 20.5%.
Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,056.0 (up 0.7%). Over the last one year it has moved down from 14,668.6 to 14,056.0, a gain of 613 points (down 4.2%).
Overall, the S&P BSE SENSEX is up 0.8% over the year.
Current Valuations
At the current price of Rs 2,085.1, the price to earnings (P/E) ratio of DR. REDDYS LAB stands at 25.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.
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Apr 24, 2019 01:25 PM
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