SUVEN LIFESCIENCES Announces Quarterly Results (1QFY20); Net Profit Up 47.2%

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Markets will remain closed on 21st October 2019, due to Assembly Elections in Maharashtra.

SUVEN LIFESCIENCES Announces Quarterly Results (1QFY20); Net Profit Up 47.2%
Wed, 28 Aug

SUVEN LIFESCIENCES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

SUVEN LIFESCIENCES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,9172,5331,990-21.4%3.8%
Other incomeRs m813830-19.9%-63.0%
TurnoverRs m1,9982,5712,020-21.4%1.1%
ExpensesRs m1,3341,4801,090-26.4%-18.3%
Gross profitRs m5821,053900-14.5%54.6%
DepreciationRs m5555561.6%0.8%
InterestRs m111613-17.0%22.5%
Profit before taxRs m5981,020862-15.5%44.2%
TaxRs m209340290-14.8%38.5%
Profit after taxRs m388680572-15.9%47.2%
Gross profit margin%30.441.645.2
Effective tax rate%35.033.433.7
Net profit margin%19.426.428.3
* 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 3.8% on a year-on-year (YoY) basis. The expenses were down by 18.3% YoY during the same period.
  • The company's operating profit increased by 54.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 45.2% in 1QFY20 as against 30.4% in 1QFY19.
  • Depreciation charges increased by 0.8% and finance costs increased by 22.5% YoY, respectively.
  • Other income declined by 63.0% YoY during the quarter.
  • Net profit for the quarter increased by 47.2% YoY. Net profit margins during the quarter increased from 19.4% in 1QFY19 to 28.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 21.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 26.4% QoQ during the same period.
  • The company's operating profit declined by 14.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 45.2% in 1QFY20 as against 41.6% in 4QFY19.
  • Net profit for the quarter declined by 15.9% QoQ, while net profit margins increased from 26.4% in 4QFY19 to 28.3% in 1QFY20.

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

SUVEN LIFESCIENCES Share Price Performance

Over the last one year,SUVEN LIFESCIENCES share price has moved down from Rs 290.8 to Rs 255.8, registering a Loss of Rs 35.1 or around 12.1%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 12,551.0 (down 0.1%). Over the last one year it has moved down from 15,533.1 to 12,551.0, a gain of 2,982 points (down 19.2%).

Overall, the S&P BSE SENSEX is down 3.2% over the year.

Current Valuations

At the current price of Rs 255.8, the price to earnings (P/E) ratio of SUVEN LIFESCIENCES stands at 17.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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