TTK HEALTHCARE Announces Quarterly Results (3QFY19); Net Profit Down 60.1%

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TTK HEALTHCARE Announces Quarterly Results (3QFY19); Net Profit Down 60.1%
Fri, 1 Feb

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

TTK HEALTHCARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,4601,6611,490-10.3%2.1%
Other incomeRs m181917-8.3%-3.1%
TurnoverRs m1,4781,6801,508-10.2%2.0%
ExpensesRs m1,2691,5261,386-9.2%9.2%
Gross profitRs m191135105-22.5%-45.3%
DepreciationRs m383535-0.2%-7.9%
InterestRs m1497-25.7%-50.9%
Profit before taxRs m15711080-26.8%-48.9%
TaxRs m354331-27.1%-9.2%
Profit after taxRs m1226749-26.7%-60.1%
Gross profit margin%13.18.17.0
Effective tax rate%22.039.339.1
Net profit margin%8.34.03.2
* 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 2.1% on a year-on-year (YoY) basis. The expenses were up by 9.2% YoY during the same period.
  • The company's operating profit declined by 45.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.0% in 3QFY19 as against 13.1% in 3QFY18.
  • Depreciation charges declined by 7.9% and finance costs declined by 50.9% YoY, respectively.
  • Other income declined by 3.1% YoY during the quarter.
  • Net profit for the quarter declined by 60.1% YoY. Net profit margins during the quarter declined from 8.3% in 3QFY18 to 3.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.2% QoQ during the same period.
  • The company's operating profit declined by 22.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.0% in 3QFY19 as against 8.1% in 2QFY18.
  • Net profit for the quarter declined by 26.7% QoQ, while net profit margins declined from 4.0% in 2QFY18 to 3.2% in 3QFY19.

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 842.8 to Rs 740.5, registering a Loss of Rs 102.3 or around 12.1%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 13,917.7 (up 0.3%). Over the last one year it has moved down from 14,358.7 to 13,917.7, a gain of 441 points (down 3.1%).

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 740.5, the price to earnings (P/E) ratio of TTK HEALTHCARE stands at 21.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.4 times.

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