TTK HEALTHCARE Announces Quarterly Results (3QFY21); Net Profit Up 71.7%

Fri, 5 Feb

TTK HEALTHCARE has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

TTK HEALTHCARE Quarterly Financials

No. of Mths Qtr. Ending		3 Dec-19*	3 Sep-20*	3 Dec-20*	QoQ Change	YoY Change
Net Sales	Rs m	1,658	1,597	1,792	12.2%	8.1%
Other income	Rs m	22	22	25	17.7%	13.9%
Turnover	Rs m	1,680	1,618	1,817	12.3%	8.1%
Expenses	Rs m	1,571	1,506	1,674	11.1%	6.5%
Gross profit	Rs m	87	171	118	-31.1%	35.7%
Depreciation	Rs m	37	34	34	-1.9%	-7.9%
Interest	Rs m	9	6	4	-39.7%	-61.2%
Profit before tax	Rs m	64	153	106	-30.5%	67.1%
Tax	Rs m	19	-155	29		56.1%
Profit after tax	Rs m	45	308	77	-75.0%	71.7%
Gross profit margin	%	5.2	10.7	6.6
Effective tax rate	%	29.6	-101.6	27.7
Net profit margin	%	2.7	19.0	4.2

Year-on-Year Performance:

• The company's operating income during the quarter grew 8.1% on a year-on-year (YoY) basis. The expenses were up by 6.5% YoY during the same period.
• The company's operating profit increased by 35.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.6% in 3QFY21 as against 5.2% in 3QFY20.
• Depreciation charges declined by 7.9% and finance costs declined by 61.2% YoY, respectively.
• Other income increased by 13.9% YoY during the quarter.
• Net profit for the quarter increased by 71.7% YoY. Net profit margins during the quarter increased from 2.7% in 3QFY20 to 4.2% in 3QFY21.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter grew 12.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.1% QoQ during the same period.
• The company's operating profit declined by 31.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.6% in 3QFY21 as against 10.7% in 2QFY20.
• Net profit for the quarter declined by 75.0% QoQ, while net profit margins declined from 19.0% in 2QFY20 to 4.2% in 3QFY21.

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 up from Rs 496.8 to Rs 594.7, registering a Gain of Rs 98.0 or around 19.7%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 21,735.0 (up 0.5%). Over the last one year it has moved up from 13,946.5 to 21,735.0, a gain of 7,788 points (up 55.8%).

Overall, the S&P BSE SENSEX is up 27.4% over the year.

Current Valuations

At the current price of Rs 594.7, the price to earnings (P/E) ratio of TTK HEALTHCARE stands at 12.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.