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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 1.87 % in the past year, substantial increase in net sales/revenue by 13.7 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -16.52 %, Marginal decrease of -0.1% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Novartis India Limited.. Notable increase of 27 % in net profit Year to Year, Novartis India Limited.’s profitability increased by 75.27 % in this quarter.
- EPS over the Year and quarter: EPS increased by 26.92 % Year to Year. EPS increased by 75.13 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 90.6 Cr | Rs. 81.17 Cr | Rs. 92.29 Cr | + 13.7 % | + 1.87 % |
Expenses | Rs. 73.28 Cr | Rs. 69.96 Cr | Rs. 68.33 Cr | -2.33 % | -6.75 % |
Operating Profit | Rs. 17.32 Cr | Rs. 11.21 Cr | Rs. 23.96 Cr | + 113.74 % | + 38.34 % |
OPM % | 19.12 % | 13.81 % | 25.96 % | + 12.15 % | + 6.84 % |
Other Income | Rs. 12.47 Cr | Rs. 10.42 Cr | Rs. 10.41 Cr | -0.1 % | -16.52 % |
Interest | Rs. 0.46 Cr | Rs. 0.16 Cr | Rs. 0.15 Cr | -6.25 % | -67.39 % |
Depreciation | Rs. 1.56 Cr | Rs. 0.14 Cr | Rs. 0.55 Cr | + 292.86 % | -64.74 % |
Profit before tax | Rs. 27.77 Cr | Rs. 21.33 Cr | Rs. 33.67 Cr | + 57.85 % | + 21.25 % |
Tax % | 27.04 % | 31.18 % | 23.58 % | -7.6 % | -3.46 % |
Net Profit | Rs. 20.26 Cr | Rs. 14.68 Cr | Rs. 25.73 Cr | + 75.27 % | + 27 % |
EPS in Rs | Rs. 8.21 | Rs. 5.95 | Rs. 10.42 | + 75.13 % | + 26.92 % |
Today, we’re looking at Novartis India 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 1.87 %. However, it did see a marginal increase of 13.7 % from the previous quarter. Expenses decreased slightly by -2.33 % quarter-on-quarter, aligning with the annual decline of -6.75 %. Operating profit, while up 38.34 % compared to last year, faced a quarter-on-quarter increase of 113.74 %, 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 6.84 %, but an expansion of 12.15 % sequentially. Other income fell by -0.1 % compared to the last quarter, despite an annual decline of -16.52 %. Interest expenses dropped significantly by -6.25 % from the previous quarter, yet the year-over-year decrease remains at a moderate -67.39 %. Depreciation costs climbed by 292.86 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -64.74 %. Profit before tax grew annually by 21.25 % but saw an increase from the preceding quarter by 57.85 %.
Tax expenses as a percentage of profits decreased slightly by -3.46 % compared to last year, with a more notable quarter-on-quarter decrease of -7.6 %. Net profit rose by 27 % year-on-year but experienced a 75.27 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 26.92 % but a quarterly rise of 75.13 %. In summary, Novartis India 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. 90.6 Cr | Rs. 81.17 Cr | Rs. 92.29 Cr | + 13.7 % | + 1.87 % |
Expenses | Rs. 73.28 Cr | Rs. 69.96 Cr | Rs. 68.33 Cr | -2.33 % | -6.75 % |
Operating Profit | Rs. 17.32 Cr | Rs. 11.21 Cr | Rs. 23.96 Cr | + 113.74 % | + 38.34 % |
Net Profit | Rs. 20.26 Cr | Rs. 14.68 Cr | Rs. 25.73 Cr | + 75.27 % | + 27 % |
EPS in Rs | Rs. 8.21 | Rs. 5.95 | Rs. 10.42 | + 75.13 % | + 26.92 % |
In reviewing Novartis India Limited.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.87 % year-on-year growth, however, there was a minor increase of 13.7 % from the previous quarter. Expenses decreased by -6.75 % compared to the previous year, with a decrease of -2.33 % quarter-on-quarter. Operating Profit surged by 38.34 % annually, and saw a 113.74 % increase from the last quarter.
Net Profit showed yearly increase of 27 %, and experienced a 75.27 % increase from the previous quarter. Earnings Per Share (EPS) rose by 26.92 % annually, however rose by 75.13 % compared to the last quarter. In essence, while Novartis India 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.
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