TTK HEALTHCARE Announces Quarterly Results (2QFY19); Net Profit Down 15.3%

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TTK HEALTHCARE Announces Quarterly Results (2QFY19); Net Profit Down 15.3%
Mon, 12 Nov

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

TTK HEALTHCARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,4281,7311,661-4.1%16.3%
Other incomeRs m1218193.5%57.5%
TurnoverRs m1,4401,7501,680-4.0%16.7%
ExpensesRs m1,2961,5731,526-3.0%17.7%
Gross profitRs m132158135-14.7%2.4%
DepreciationRs m303635-4.4%17.1%
InterestRs m7109-10.3%38.6%
Profit before taxRs m107130110-15.4%2.3%
TaxRs m295143-15.1%50.4%
Profit after taxRs m797967-15.5%-15.3%
Gross profit margin%9.29.18.1
Effective tax rate%26.739.239.3
Net profit margin%5.54.54.0
* 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 16.3% on a year-on-year (YoY) basis. The expenses were up by 17.7% YoY during the same period.
  • The company's operating profit increased by 2.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.1% in 2QFY19 as against 9.2% in 2QFY18.
  • Depreciation charges increased by 17.1% and finance costs increased by 38.6% YoY, respectively.
  • Other income increased by 57.5% YoY during the quarter.
  • Net profit for the quarter declined by 15.3% YoY. Net profit margins during the quarter declined from 5.5% in 2QFY18 to 4.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.0% QoQ during the same period.
  • The company's operating profit declined by 14.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.1% in 2QFY19 as against 9.1% in 1QFY18.
  • Net profit for the quarter declined by 15.5% QoQ, while net profit margins declined from 4.5% in 1QFY18 to 4.0% in 2QFY19.

To see how TTK HEALTHCARE has performed over the last eight quarters, please visit here.

TTK HEALTHCARE Share Price Performance

Over the last one year, TTK HEALTHCARE share price has moved up from Rs 885.6 to Rs 820.0, registering a Loss of Rs 65.7 or around 7.4%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,679.7 (down 0.1%). Over the last one year it has moved up from 13,858.9 to 14,679.7, a gain of 821 points (up 5.9%).

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

Current Valuations

At the current price of Rs 820.0, the price to earnings (P/E) ratio of TTK HEALTHCARE stands at 18.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.0 times.

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