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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 5.77 % in the past year, substantial increase in net sales/revenue by 8.61 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 16.27 %. Marginal decrease of -35.09% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Cipla Limited. Notable increase of 17.77 % in net profit Year to Year, Cipla Limited’s profitability increased by 26.14 % in this quarter.
- EPS over the Year and quarter: EPS increased by 18.15 % Year to Year. EPS increased by 25.37 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 6328.89 Cr | Rs. 6163.24 Cr | Rs. 6693.94 Cr | + 8.61 % | + 5.77 % |
| Expenses | Rs. 4834.98 Cr | Rs. 4847.38 Cr | Rs. 4978.14 Cr | + 2.7 % | + 2.96 % |
| Operating Profit | Rs. 1493.91 Cr | Rs. 1315.86 Cr | Rs. 1715.8 Cr | + 30.39 % | + 14.85 % |
| OPM % | 23.6 % | 21.35 % | 25.63 % | + 4.28 % | + 2.03 % |
| Other Income | Rs. 137.78 Cr | Rs. 246.8 Cr | Rs. 160.19 Cr | -35.09 % | + 16.27 % |
| Interest | Rs. 16.39 Cr | Rs. 17.59 Cr | Rs. 17.95 Cr | + 2.05 % | + 9.52 % |
| Depreciation | Rs. 239.21 Cr | Rs. 288.34 Cr | Rs. 246.68 Cr | -14.45 % | + 3.12 % |
| Profit before tax | Rs. 1376.09 Cr | Rs. 1256.73 Cr | Rs. 1611.36 Cr | + 28.22 % | + 17.1 % |
| Tax % | 27.5 % | 25.8 % | 27 % | + 1.2 % | -0.5 % |
| Net Profit | Rs. 998.07 Cr | Rs. 931.87 Cr | Rs. 1175.46 Cr | + 26.14 % | + 17.77 % |
| EPS in Rs | Rs. 12.33 | Rs. 11.62 | Rs. 14.57 | + 25.39 % | + 18.17 % |
Today, we’re looking at Cipla Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 5.77 %. However, it did see a marginal increase of 8.61 % from the previous quarter. Expenses ticked up slightly by 2.7 % quarter-on-quarter, aligning with the annual rise of 2.96 %. Operating profit, while up 14.85 % compared to last year, faced a quarter-on-quarter increase of 30.39 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.03 %, but an expansion of 4.28 % sequentially. Other income fell by -35.09 % compared to the last quarter, despite an annual growth of 16.27 %. Interest expenses surged remarkably by 2.05 % from the previous quarter, yet the year-over-year increase remains at a moderate 9.52 %. Depreciation costs fell by -14.45 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.12 %. Profit before tax grew annually by 17.1 % but saw an increase from the preceding quarter by 28.22 %.
Tax expenses as a percentage of profits decreased slightly by -0.5 % compared to last year, with a more notable quarter-on-quarter increase of 1.2 %. Net profit rose by 17.77 % year-on-year but experienced a 26.14 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 18.17 % but a quarterly rise of 25.39 %. In summary, Cipla Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 6328.89 Cr | Rs. 6163.24 Cr | Rs. 6693.94 Cr | + 8.61 % | + 5.77 % |
| Expenses | Rs. 4834.98 Cr | Rs. 4847.38 Cr | Rs. 4978.14 Cr | + 2.7 % | + 2.96 % |
| Operating Profit | Rs. 1493.91 Cr | Rs. 1315.86 Cr | Rs. 1715.8 Cr | + 30.39 % | + 14.85 % |
| Net Profit | Rs. 998.07 Cr | Rs. 931.87 Cr | Rs. 1175.46 Cr | + 26.14 % | + 17.77 % |
| EPS in Rs | Rs. 12.33 | Rs. 11.62 | Rs. 14.57 | + 25.39 % | + 18.17 % |
In reviewing Cipla Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.77 % year-on-year growth, however, there was a minor increase of 8.61 % from the previous quarter. Expenses rose by 2.96 % compared to the previous year, with a 2.7 % increase quarter-on-quarter. Operating Profit surged by 14.85 % annually, and saw a 30.39 % increase from the last quarter.
Net Profit showed yearly increase of 17.77 %, and experienced a 26.14 % increase from the previous quarter. Earnings Per Share (EPS) rose by 18.17 % annually, however rose by 25.39 % compared to the last quarter. In essence, while Cipla Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
