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

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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 ChangeYoY Change
Net SalesRs m1,6581,5971,79212.2%8.1%
Other incomeRs m22222517.7%13.9%
TurnoverRs m1,6801,6181,81712.3%8.1%
ExpensesRs m1,5711,5061,67411.1%6.5%
Gross profitRs m87171118-31.1%35.7%
DepreciationRs m373434-1.9%-7.9%
InterestRs m964-39.7%-61.2%
Profit before taxRs m64153106-30.5%67.1%
TaxRs m19-1552956.1%
Profit after taxRs m4530877-75.0%71.7%
Gross profit margin%5.210.76.6
Effective tax rate%29.6-101.627.7
Net profit margin%2.719.04.2
* 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 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.

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Related Views on News

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

Jan 30, 2020 | Updated on Jan 30, 2020

For the quarter ended December 2019, TTK HEALTHCARE has posted a net profit of Rs 45 m (down 8.3% YoY). Sales on the other hand came in at Rs 2 bn (up 11.2% YoY). Read on for a complete analysis of TTK HEALTHCARE's quarterly results.

TTK HEALTHCARE Announces Quarterly Results (1QFY20); Net Profit Down 53.8% (Quarterly Result Update)

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For the quarter ended June 2019, TTK HEALTHCARE has posted a net profit of Rs 36 m (down 53.8% YoY). Sales on the other hand came in at Rs 2 bn (up 3.2% YoY). Read on for a complete analysis of TTK HEALTHCARE's quarterly results.

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