WOCKHARDT Announces Quarterly Results (3QFY20); Net Profit Up 125.0%

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WOCKHARDT Announces Quarterly Results (3QFY20); Net Profit Up 125.0%
Tue, 28 Jan

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

WOCKHARDT Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m10,4598,0228,6928.3%-16.9%
Other incomeRs m21-2172726.9%
TurnoverRs m10,4798,0208,86410.5%-15.4%
ExpensesRs m10,6377,5457,350-2.6%-30.9%
Gross profitRs m-1784771,342181.6%
DepreciationRs m4125345635.5%36.5%
InterestRs m63664678721.8%23.8%
Profit before taxRs m-1,206-706164
TaxRs m-437237-28-111.8%
Profit after taxRs m-769-942192
Gross profit margin%-1.75.915.4
Effective tax rate%36.3-33.6-17.0
Net profit margin%-7.3-11.82.2
* 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 fell 16.9% on a year-on-year (YoY) basis. The expenses were down by 30.9% YoY during the same period.
  • The company's operating profit declined by 852.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.4% in 3QFY20 as against 1.7% in 3QFY19.
  • Depreciation charges increased by 36.5% and finance costs increased by 23.8% YoY, respectively.
  • Other income increased by 726.9% YoY during the quarter.
  • Net profit for the quarter increased by 125.0% YoY. Net profit margins during the quarter increased from -7.3% in 3QFY19 to 2.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.6% QoQ during the same period.
  • The company's operating profit increased by 181.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.4% in 3QFY20 as against 5.9% in 2QFY19.
  • Net profit for the quarter increased by 120.4% QoQ, while net profit margins increased from -11.7% in 2QFY19 to 2.2% in 3QFY20.

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

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WOCKHARDT Share Price Performance

Over the last one year,WOCKHARDT share price has moved down from Rs 445.0 to Rs 370.1, registering a Loss of Rs 74.9 or around 16.8%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,373.4 (up 0.4%). Over the last one year it has moved up from 13,658.2 to 14,373.4, a gain of 715 points (up 5.2%).

Overall, the S&P BSE SENSEX is up 15.4% over the year.

Current Valuations

At the current price of Rs 370.1, the price to book value (P/BV) ratio of WOCKHARDT stands at 1.4 times.

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WOCKHARDT Announces Quarterly Results (1QFY20); Net Profit Up 57.2% (Quarterly Result Update)

Aug 28, 2019 | Updated on Aug 28, 2019

For the quarter ended June 2019, WOCKHARDT has posted a net profit of Rs 369 m (up 57.2% YoY). Sales on the other hand came in at Rs 9 bn (down 14.3% YoY). Read on for a complete analysis of WOCKHARDT's quarterly results.

WOCKHARDT Announces Quarterly Results (4QFY19); Net Profit Up 90.8% (Quarterly Result Update)

May 7, 2019 | Updated on May 7, 2019

For the quarter ended March 2019, WOCKHARDT has posted a net profit of Rs 139 m (up 90.8% YoY). Sales on the other hand came in at Rs 10 bn (down 3.8% YoY). Read on for a complete analysis of WOCKHARDT's quarterly results.

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