Cipla's Q4FY16 consolidated net profit declines 68.86% yoy to Rs.80.87 crore : Beats Estimates

India Infoline News Service | Mumbai | May 24, 2016 18:10 IST

The company’s consolidated revenue stood at Rs. 3,266.54 crore, up 5.62% yoy and 5.15% qoq.

Cipla
Cipla, global pharmaceutical manufacturers, reported consolidated net profit of Rs.80.87 crore for the quarter ended March 31, 2016, registering decline of 68.86% yoy and 76.44% qoq. The company’s revenue stood at Rs. 3,266.54 crore, up 5.62% yoy and 5.15% qoq.

Its consolidated core operating profit of Rs. 218.96 crore for the quarter, declined by 56.87% yoy and 51.74% qoq. Operating profit margin for the current quarter at 6.7% contracted by 971 bps yoy and 790 bps qoq.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 1,505.92 crore, growing by 27.54% yoy. Its consolidated revenue for the period stood at Rs. 13,678.27 crore, registering growth of 20.56% yoy.

Cipla's core operating profit stood at Rs. 2,501.06 crore, recording growth of 15.7% yoy. Operating margin for the current period at 16.05% contracted by 300 bps yoy.

On standalone basis,Cipla reported standalone net profit of Rs.34.62 crore for the quarter ended March 31, 2016, registering decline of 83.81% yoy and 86.98% qoq. The company’s standalone revenue stood at Rs. 2,470.89 crore, down 8.54% yoy and 7.72% qoq.

Its standalone core operating profit of Rs. 104.81 crore for the quarter, declined by 73.35% yoy and 68.1% qoq. Operating profit margin for the current quarter at 4.24% contracted by 1032 bps yoy and 803 bps qoq.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 1,398.03 crore, growing by 18.37% yoy. Its standalone revenue for the period stood at Rs. 12,034.06 crore, registering growth of 18.78% yoy.

Cipla Ltd's core operating profit stood at Rs. 2,053.72 crore, recording growth of 4.71% yoy. Operating margin for the current period at 14.88% contracted by 448 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Consolidated Revenue 3266.54 3554 [8.09]
Consolidated Net Profit 80.87 354 [77.16]

Consolidated EPS for the quarter stood at Rs. 1.01.

Bloomberg estimated the company’s consolidated net profit at Rs. 362.48 crore.

Stock Commentary:

Cipla Ltd is currently trading at Rs. 470, down by 0.3 points or 0.06% from its previous closing of Rs. 470.3 on the BSE.

The scrip opened at Rs. 472 and has touched a high and low of Rs. 473.1 and Rs. 466.1 respectively. So far 2387842(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 37786.56 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 748 on 17-Aug-2015 and a 52 week low of Rs. 458.25 on 25-May-2016. Last one week high and low of the scrip stood at Rs. 527.5 and Rs. 458.25 respectively.

The promoters holding in the company stood at 36.78 % while Institutions and Non-Institutions held 34.17 % and 27.13 % respectively.

The stock is currently trading above its 200 DMA.



***Note: This is a NSE Chart

 

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