TTK HEALTHCARE Announces Quarterly Results (3QFY20); Net Profit Down 8.3%

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TTK HEALTHCARE Announces Quarterly Results (3QFY20); Net Profit Down 8.3%
Thu, 30 Jan

TTK HEALTHCARE has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

TTK HEALTHCARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m1,4901,6491,6580.6%11.2%
Other incomeRs m17202213.9%27.7%
TurnoverRs m1,5081,6681,6800.7%11.4%
ExpensesRs m1,3861,5641,5710.4%13.4%
Gross profitRs m10584873.4%-16.7%
DepreciationRs m3536372.2%5.4%
InterestRs m78921.0%30.0%
Profit before taxRs m8060645.3%-20.7%
TaxRs m312319-16.6%-40.1%
Profit after taxRs m49384518.4%-8.3%
Gross profit margin%7.05.15.2
Effective tax rate%39.137.429.6
Net profit margin%3.22.32.7
* 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 grew 11.2% on a year-on-year (YoY) basis. The expenses were up by 13.4% YoY during the same period.
  • The company's operating profit declined by 16.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.2% in 3QFY20 as against 7.0% in 3QFY19.
  • Depreciation charges increased by 5.4% and finance costs increased by 30.0% YoY, respectively.
  • Other income increased by 27.7% YoY during the quarter.
  • Net profit for the quarter declined by 8.3% YoY. Net profit margins during the quarter declined from 3.2% in 3QFY19 to 2.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.4% QoQ during the same period.
  • The company's operating profit increased by 3.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.2% in 3QFY20 as against 5.1% in 2QFY19.
  • Net profit for the quarter increased by 18.4% QoQ, while net profit margins increased from 2.3% in 2QFY19 to 2.7% in 3QFY20.

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

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TTK HEALTHCARE Share Price Performance

Over the last one year,TTK HEALTHCARE share price has moved down from Rs 759.8 to Rs 538.3, registering a Loss of Rs 221.6 or around 29.2%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,150.1 (down 1.0%). Over the last one year it has moved up from 13,763.0 to 14,150.1, a gain of 387 points (up 2.8%).

Overall, the S&P BSE SENSEX is up 15.2% over the year.

Current Valuations

At the current price of Rs 538.3, the price to earnings (P/E) ratio of TTK HEALTHCARE stands at 24.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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For the quarter ended December 2020, TTK HEALTHCARE has posted a net profit of Rs 77 m (up 71.7% YoY). Sales on the other hand came in at Rs 2 bn (up 8.1% YoY). Read on for a complete analysis of TTK HEALTHCARE's quarterly results.

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