SUVEN LIFE Announces Quarterly Results (3QFY19); Net Profit Down 27.1%

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SUVEN LIFE Announces Quarterly Results (3QFY19); Net Profit Down 27.1%
Wed, 13 Feb

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

SUVEN LIFE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,6378951,29044.1%-21.2%
Other incomeRs m336658-12.5%75.1%
TurnoverRs m1,6699611,34840.2%-19.3%
ExpensesRs m1,12365193443.5%-16.8%
Gross profitRs m51424435645.8%-30.7%
DepreciationRs m5456560.9%3.5%
InterestRs m1265-10.5%-54.1%
Profit before taxRs m48124935241.7%-26.8%
TaxRs m1356810046.0%-26.1%
Profit after taxRs m34618025240.1%-27.1%
Gross profit margin%31.427.327.6
Effective tax rate%28.127.528.4
Net profit margin%20.718.718.7
* 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 21.2% on a year-on-year (YoY) basis. The expenses were down by 16.8% YoY during the same period.
  • The company's operating profit declined by 30.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.6% in 3QFY19 as against 31.4% in 3QFY18.
  • Depreciation charges increased by 3.5% and finance costs declined by 54.1% YoY, respectively.
  • Other income increased by 75.1% YoY during the quarter.
  • Net profit for the quarter declined by 27.1% YoY. Net profit margins during the quarter declined from 20.7% in 3QFY18 to 18.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 44.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 43.5% QoQ during the same period.
  • The company's operating profit increased by 45.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.6% in 3QFY19 as against 27.3% in 2QFY18.
  • Net profit for the quarter increased by 40.1% QoQ, while net profit margins declined from 18.7% in 2QFY18 to 18.7% in 3QFY19.

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 200.0 to Rs 235.0, registering a Gain of Rs 35.1 or around 17.5%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 13,742.5 (down 0.1%). Over the last one year it has moved down from 14,517.2 to 13,742.5, a gain of 775 points (down 5.3%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 235.0, the price to earnings (P/E) ratio of SUVEN LIFE stands at 19.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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