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SUVEN LIFE Announces Quarterly Results (2QFY19); Net Profit Down 43.3%

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SUVEN LIFE Announces Quarterly Results (2QFY19); Net Profit Down 43.3%
Wed, 21 Nov

SUVEN LIFE has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

SUVEN LIFE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,0691,917895-53.3%-16.2%
Other incomeRs m518166-19.0%28.3%
TurnoverRs m1,1201,998961-51.9%-14.2%
ExpensesRs m6191,334651-51.2%5.2%
Gross profitRs m450582244-58.1%-45.7%
DepreciationRs m5355561.0%4.1%
InterestRs m9116-44.7%-36.9%
Profit before taxRs m439598249-58.4%-43.3%
TaxRs m12120968-67.3%-43.5%
Profit after taxRs m317388180-53.6%-43.3%
Gross profit margin%42.130.427.3
Effective tax rate%27.635.027.5
Net profit margin%28.319.418.7
* 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 fell 16.2% on a year-on-year (YoY) basis. The expenses were up by 5.2% YoY during the same period.
  • The company's operating profit declined by 45.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.3% in 2QFY19 as against 42.1% in 2QFY18.
  • Depreciation charges increased by 4.1% and finance costs declined by 36.9% YoY, respectively.
  • Other income increased by 28.3% YoY during the quarter.
  • Net profit for the quarter declined by 43.3% YoY. Net profit margins during the quarter declined from 28.3% in 2QFY18 to 18.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 53.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 51.2% QoQ during the same period.
  • The company's operating profit declined by 58.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.3% in 2QFY19 as against 30.4% in 1QFY18.
  • Net profit for the quarter declined by 53.6% QoQ, while net profit margins declined from 19.4% in 1QFY18 to 18.7% in 2QFY19.

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

SUVEN LIFE Share Price Performance

Over the last one year, SUVEN LIFE share price has moved up from Rs 200.5 to Rs 248.6, registering a Gain of Rs 48.1 or around 24.0%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,334.5 (up 0.7%). Over the last one year it has moved up from 14,017.9 to 14,334.5, a gain of 317 points (up 2.3%).

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 248.6, the price to earnings (P/E) ratio of SUVEN LIFE stands at 18.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

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