SUN PHARMA Announces Quarterly Results (4QFY20); Net Profit Down 31.6%

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SUN PHARMA Announces Quarterly Results (4QFY20); Net Profit Down 31.6%
Thu, 28 May

SUN PHARMA has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

SUN PHARMA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m71,63981,54981,8490.4%14.3%
Other incomeRs m2,8151,1991,022-14.7%-63.7%
TurnoverRs m74,45582,74782,8720.2%11.3%
ExpensesRs m61,47163,13568,2198.1%11.0%
Gross profitRs m10,16818,41411,024-40.1%8.4%
DepreciationRs m4,5415,4705,7545.2%26.7%
InterestRs m1,500630518-17.8%-65.5%
Profit before taxRs m6,94213,5135,774-57.3%-16.8%
TaxRs m-2883,276831-74.6%
Profit after taxRs m7,23110,2374,944-51.7%-31.6%
Gross profit margin%14.222.613.5
Effective tax rate%-4.124.214.4
Net profit margin%9.712.46.0
* 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 14.3% on a year-on-year (YoY) basis. The expenses were up by 11.0% YoY during the same period.
  • The company's operating profit increased by 8.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.5% in 4QFY20 as against 14.2% in 4QFY19.
  • Depreciation charges increased by 26.7% and finance costs declined by 65.5% YoY, respectively.
  • Other income declined by 63.7% YoY during the quarter.
  • Net profit for the quarter declined by 31.6% YoY. Net profit margins during the quarter declined from 9.7% in 4QFY19 to 6.0% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.1% QoQ during the same period.
  • The company's operating profit declined by 40.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.5% in 4QFY20 as against 22.6% in 3QFY19.
  • Net profit for the quarter declined by 51.7% QoQ, while net profit margins declined from 12.4% in 3QFY19 to 6.0% in 4QFY20.

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

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SUN PHARMA Share Price Performance

Over the last one year,SUN PHARMA share price has moved up from Rs 412.9 to Rs 458.0, registering a Gain of Rs 45.1 or around 10.9%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 15,269.3 (down 0.1%). Over the last one year it has moved up from 13,371.0 to 15,269.3, a gain of 1,898 points (up 14.2%).

Overall, the S&P BSE SENSEX is down 19.2% over the year.

Current Valuations

At the current price of Rs 458.0, the price to earnings (P/E) ratio of SUN PHARMA stands at 26.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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