12 Feb 2022 , 11:46 AM
During the December 2021 quarter, the Hyderabad based Divi’s Laboratories saw good traction across all its segments from the global markets. Divi’s Laboratories is into the manufacture of active pharmaceutical ingredients (APIs), intermediates and nutraceutical ingredients.
Its global businesses are conducted via its global subsidiaries based out of the US and Europe. Despite the pressure on generic API markets globally, the specialized APIs business of Divi’s Laboratories continues to do extremely well. More than 85% of its total business flows come from the export market.
The solid operating performance can be attributed to the efficient cost controls at the company. The cost of materials on a yoy basis was up by 32% and that gap with the growth in sales revenues ensured better price realization and operating profit margins for Divi’s Laboratories.
Operating margins for the company improved from 36.62% in Dec-20 quarter to 40.80% in the Dec-21 quarter on operating and inventory efficiency. The operating margins were also higher by 453 basis points on a sequential basis.
PAT margins improved sharply from 27.66% in the Dec-20 quarter to 36.19% in the Dec-21 quarter. The PAT margins were also higher on a sequential basis by 568 basis points.
Financial highlights for Dec-21 compared yoy and sequentially
Divi’s Laboratories | |||||
Rs in Crore | Dec-21 | Dec-20 | YOY | Sep-21 | QOQ |
Total Income (Rs cr) | ₹ 2,493.24 | ₹ 1,701.44 | 46.54% | ₹ 1,987.51 | 25.45% |
Operating Profit (Rs cr) | ₹ 1,017.27 | ₹ 623.03 | 63.28% | ₹ 740.72 | 37.34% |
Net Profit (Rs cr) | ₹ 902.24 | ₹ 470.62 | 91.71% | ₹ 606.46 | 48.77% |
Diluted EPS (Rs) | ₹ 33.99 | ₹ 17.73 | ₹ 22.84 | ||
Operating Margins | 40.80% | 36.62% | 37.27% | ||
Net Margins | 36.19% | 27.66% | 30.51% |
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