For the quarter ending sept 2021, Net sales (including other operating income) of Abbott India has increased 15.85% to Rs 1,222.06 crore compared to quarter ending sept 2020. Operating profit margin has declined from 22.82% to 21.25%, leading to 7.89% rise in operating profit to Rs 259.69 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 11.05% to 11.80%. Purchase of finished goods cost fell from 45.29% to 41.75%. Employee cost increased from 11.22% to 12.81%. Other expenses rose from 10.54% to 12.44%.
Other income fell 17.45% to Rs 18.21 crore. PBIDT rose 5.76% to Rs 277.9 crore. Provision for interest fell 5.85% to Rs 4.51 crore. Loan funds declined from Rs 166.09 crore as of 30 September 2020 to Rs 161.32 crore as of 30 September 2021. Inventories declined from Rs 689.16 crore as of 30 September 2020 to Rs 631.78 crore as of 30 September 2021. Sundry debtors were lower at Rs 293.41 crore as of 30 September 2021 compared to Rs 344.83 crore as of 30 September 2020. Cash and bank balance rose to Rs 2,270.00 crore as of 30 September 2021 from Rs 1,942.24 crore as of 30 September 2020.
PBDT rose 5.97% to Rs 273.39 crore. Provision for depreciation rose 13.37% to Rs 16.2 crore. Fixed assets increased to Rs 269.33 crore as of 30 September 2021 from Rs 263.17 crore as of 30 September 2020. Intangible assets increased from Rs 0.61 crore to Rs 5.82 crore.
Profit before tax grew 5.54% to Rs 257.19 crore. Provision for tax was expense of Rs 64.86 crore, compared to Rs 62.96 crore. Effective tax rate was 25.22% compared to 25.84%.
Profit after tax rose 6.42% to Rs 192.33 crore.
Equity capital stood at Rs 21.25 crore as of 30 September 2021 to Rs 21.25 crore as of 30 September 2020. Per share face Value remained same at Rs 10.00.
Promoters' stake was 74.99% as of 30 September 2021 ,compared to 74.99% as of 30 September 2020 .
For year-to-date (YTD) results analysis
Net sales (including other operating income) of Abbott India has increased 15.14% to Rs 2,439.89 crore.
Operating profit margin has declined from 22.37% to 21.51%, leading to 10.70% rise in operating profit to Rs 524.84 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 11.13% to 11.00%. Purchase of finished goods cost fell from 46.80% to 43.01%. Employee cost increased from 11.34% to 12.56%. Other expenses rose from 9.37% to 11.64%.
Other income fell 24.69% to Rs 37.42 crore. PBIDT rose 7.34% to Rs 562.26 crore. Provision for interest up 3.35% to Rs 9.55 crore. Loan funds declined from Rs 166.09 crore as of 30 September 2020 to Rs 161.32 crore as of 30 September 2021. Inventories declined from Rs 689.16 crore as of 30 September 2020 to Rs 631.78 crore as of 30 September 2021. Sundry debtors were lower at Rs 293.41 crore as of 30 September 2021 compared to Rs 344.83 crore as of 30 September 2020. Cash and bank balance rose to Rs 2,270.00 crore as of 30 September 2021 from Rs 1,942.24 crore as of 30 September 2020.
PBDT rose 7.41% to Rs 552.71 crore. Provision for depreciation rose 12.47% to Rs 31.93 crore. Fixed assets increased to Rs 269.33 crore as of 30 September 2021 from Rs 263.17 crore as of 30 September 2020. Intangible assets increased from Rs 0.61 crore to Rs 5.82 crore.
Profit before tax grew 7.11% to Rs 520.78 crore. Provision for tax was expense of Rs 132.69 crore, compared to Rs 125.11 crore. Effective tax rate was 25.48% compared to 25.73%.
Profit after tax rose 7.48% to Rs 388.09 crore.
Equity capital stood at Rs 21.25 crore as of 30 September 2021 to Rs 21.25 crore as of 30 September 2020. Per share face Value remained same at Rs 10.00.
Promoters' stake was 74.99% as of 30 September 2021 ,compared to 74.99% as of 30 September 2020 .
Cash flow from operating activities increased to Rs 466.79 crore for YTD ended September 2021 from Rs 251.98 crore for YTD ended September 2020. Cash flow used in acquiring fixed assets during the YTD ended September 2021 stood at Rs 30.71 crore, compared to Rs 6.30 crore during the YTD ended September 2020.
Full year results analysis
Net sales (including other operating income) of Abbott India has increased 5.30% to Rs 4,310.02 crore.
Operating profit margin has jumped from 18.48% to 21.38%, leading to 21.81% rise in operating profit to Rs 921.46 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 11.20% to 10.29%. Purchase of finished goods cost rose from 44.71% to 46.23%. Employee cost decreased from 11.81% to 11.16%. Other expenses fell from 13.52% to 11.44%.
Other income fell 29.28% to Rs 80.9 crore. PBIDT rose 15.10% to Rs 1002.36 crore. Provision for interest up 114.30% to Rs 18.28 crore. Loan funds declined from Rs 174.88 crore as of 31 March 2020 to Rs 152.58 crore as of 31 March 2021. Inventories rose to Rs 717.59 crore as of 31 March 2021 from Rs 527.17 crore as of 31 March 2020. Sundry debtors were lower at Rs 250.21 crore as of 31 March 2021 compared to Rs 317.91 crore as of 31 March 2020. Cash and bank balance rose to Rs 2,409.04 crore as of 31 March 2021 from Rs 2,197.38 crore as of 31 March 2020.
PBDT rose 14.12% to Rs 984.08 crore. Provision for depreciation down 2.48% to Rs 58.13 crore. Fixed assets declined from Rs 270.57 crore as of 31 March 2020 to Rs 250.27 crore as of 31 March 2021. Intangible assets increased from Rs 0.90 crore to Rs 1.17 crore.
Profit before tax grew 15.35% to Rs 925.95 crore. Provision for tax was expense of Rs 235.26 crore, compared to Rs 209.77 crore. Effective tax rate was 25.41% compared to 26.13%.
Profit after tax rose 16.49% to Rs 690.69 crore.
Equity capital stood at Rs 21.25 crore as of 30 September 2021 to Rs 21.25 crore as of 30 September 2020. Per share face Value remained same at Rs 10.00.
Promoters' stake was 74.99% as of 31 March 2021 ,compared to 74.99% as of 31 March 2020 .
Cash flow from operating activities increased to Rs 726.74 crore for year ended March 2021 from Rs 626.13 crore for year ended March 2020. Cash flow used in acquiring fixed assets during the year ended March 2021 stood at Rs 23.31 crore, compared to Rs 15.74 crore during the year ended March 2020.
Abbott India : Standalone Results
| Quarter ended | Year to Date | Year ended |
| Particulars | 202109 | 202009 | Var.(%) | 202109 | 202009 | Var.(%) | 202103 | 202003 | Var.(%) |
| Net Sales (including other operating income) | 1,222.06 | 1,054.85 | 15.85 | 2,439.89 | 2,119.12 | 15.14 | 4,310.02 | 4,093.14 | 5.3 |
| OPM (%) | 21.25 | 22.82 | -157 bps | 21.51 | 22.37 | -86 bps | 21.38 | 18.48 | 290 bps |
| OP | 259.69 | 240.71 | 7.89 | 524.84 | 474.13 | 10.7 | 921.46 | 756.45 | 21.81 |
| Other Inc. | 18.21 | 22.06 | -17.45 | 37.42 | 49.69 | -24.69 | 80.9 | 114.39 | -29.28 |
| PBIDT | 277.9 | 262.77 | 5.76 | 562.26 | 523.82 | 7.34 | 1,002.36 | 870.84 | 15.1 |
| Interest | 4.51 | 4.79 | -5.85 | 9.55 | 9.24 | 3.35 | 18.28 | 8.53 | 114.3 |
| PBDT | 273.39 | 257.98 | 5.97 | 552.71 | 514.58 | 7.41 | 984.08 | 862.31 | 14.12 |
| Depreciation | 16.2 | 14.29 | 13.37 | 31.93 | 28.39 | 12.47 | 58.13 | 59.61 | -2.48 |
| PBT | 257.19 | 243.69 | 5.54 | 520.78 | 486.19 | 7.11 | 925.95 | 802.7 | 15.35 |
| PBT before EO | 257.19 | 243.69 | 5.54 | 520.78 | 486.19 | 7.11 | 925.95 | 802.7 | 15.35 |
| EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - |
| PBT after EO | 257.19 | 243.69 | 5.54 | 520.78 | 486.19 | 7.11 | 925.95 | 802.7 | 15.35 |
| Taxation | 64.86 | 62.96 | 3.02 | 132.69 | 125.11 | 6.06 | 235.26 | 209.77 | 12.15 |
| PAT | 192.33 | 180.73 | 6.42 | 388.09 | 361.08 | 7.48 | 690.69 | 592.93 | 16.49 |
| P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - |
| Net profit after discontinued operations | 192.33 | 180.73 | 6.42 | 388.09 | 361.08 | 7.48 | 690.69 | 592.93 | 16.49 |
| EPS (Rs)* | 90.51 | 85.05 | 6.42 | 182.63 | 169.92 | 7.48 | 325.03 | 279.03 | 16.49 |
* EPS is on current equity of Rs 21.25 crore, Face value of Rs 10, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database |
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