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SUN PHARMA Announces Quarterly Results (1QFY19); Net Profit Up 446.1%

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Markets will remain closed on 18th October, 2018 on account of Dussehra.

SUN PHARMA Announces Quarterly Results (1QFY19); Net Profit Up 446.1%
Thu, 16 Aug

SUN PHARMA has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

SUN PHARMA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m62,08869,77172,2423.5%16.4%
Other incomeRs m1,5203,0281,998-34.0%31.4%
TurnoverRs m63,60872,79974,2392.0%16.7%
ExpensesRs m51,13152,93656,1756.1%9.9%
Gross profitRs m1,45216,83516,067-4.6%1006.9%
DepreciationRs m3,4664,5524,016-11.8%15.9%
InterestRs m1,0941,5541,309-15.8%19.6%
Profit before taxRs m-1,58913,75612,739-7.4%
TaxRs m1,618-1,7671,6391.3%
Profit after taxRs m-3,20715,52311,101-28.5%
Gross profit margin%2.324.122.2
Effective tax rate%-101.8-12.812.9
Net profit margin%-5.021.315.0
* 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 16.4% on a year-on-year (YoY) basis. The expenses were up by 9.9% YoY during the same period.
  • The company's operating profit increased by 1006.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.2% in 1QFY19 as against 2.3% in 1QFY18.
  • Depreciation charges and finance costs increased by 15.9% YoY and 19.6% YoY, respectively.
  • Other income increased by 31.4% YoY during the quarter.
  • Net profit for the quarter increased by 446.1% YoY. Net profit margins during the quarter increased from -5.0% in 1QFY18 to 15.0% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.1% QoQ during the same period.
  • The company's operating profit declined by 4.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.2% in 1QFY19 as against 24.1% in 4QFY18.
  • Net profit for the quarter declined by 28.5% QoQ, while net profit margins declined from 21.3% in 4QFY18 to 15.0% in 1QFY19.

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

SUN PHARMA Share Price Performance

Over the last one year, SUN PHARMA share price has moved up from Rs 485.2 to Rs 615.5, registering a Gain of Rs 130.3 or around 26.9%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,813.1 (up 0.9%). Over the last one year it has moved up from 13,214.8 to 14,813.1, a gain of 1,598 points (up 12.1%).

Overall, the S&P BSE SENSEX is up 20.1% over the year.

Current Valuations

At the current price of Rs 615.5, the price to earnings (P/E) ratio of SUN PHARMA stands at 36.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.0 times.

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