Pfizer's Q4FY16 standalone net profit rises 57% yoy to Rs.66.97 crore : Estimates Mixed

The company’s standalone revenue stood at Rs. 515.06 crore, up 11.22% yoy and 1.86% qoq.

May 06, 2016 3:45 IST | India Infoline News Service
Pfizer Ltd, world's premier biopharmaceutical, reported standalone net profit of Rs. 66.97 crore for the quarter ended March 31, 2016, registering growth of 56.91% yoy and 66.01% qoq. The company’s revenue stood at Rs. 515.06 crore, up 11.22% yoy and 1.86% qoq.

Its standalone core operating profit of Rs. 123.03 crore for the quarter, declined by 1.4% yoy but clocked growth of 50.04% qoq. Operating profit margin for the current quarter at 23.89% contracted by 305 bps yoy but expanded by 767 bps qoq.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 222.78 crore, growing by 219.08% yoy. Its standalone revenue for the period stood at Rs. 2,017.02 crore, registering growth of 8.83% yoy.

Pfizer Ltd's core operating profit stood at Rs. 430.98 crore, recording growth of 12.54% yoy. Operating margin for the current period at 21.88% expanded by 122 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Standalone Revenue 515.06 510 0.99
Standalone Net Profit 66.97 74.66 [10.30]

Standalone EPS for the quarter stood at Rs. 14.64.

Bloomberg estimated the company’s standalone net profit at Rs. 67.40 crore.

Corporate Action: Pfizer has recommended a dividend of Rs. 15.00 per Equity share of Rs. 10/- each (150%) for the financial year ended March 31, 2016. The said dividend, if declared at the ensuing Annual General Meeting of the Company, shall be paid on July 20, 2016.

Stock Commentary:

Pfizer Ltd is currently trading at Rs. 1779.9, up by 34 points or 1.95% from its previous closing of Rs. 1745.9 on the BSE.

The scrip opened at Rs. 1758 and has touched a high and low of Rs. 1817 and Rs. 1758 respectively. So far 92045(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7987.1 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2724 on 22-Sep-2015 and a 52 week low of Rs. 1611 on 21-Mar-2016. Last one week high and low of the scrip stood at Rs. 1780 and Rs. 1715.2 respectively.

The promoters holding in the company stood at 63.92 % while Institutions and Non-Institutions held 12.57 % and 23.51 % respectively.

The stock is currently trading above its 200 DMA.

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