Sunday, February 9, 2014

SHASUN PHARMACEUTICALS LTD - RESULTS FOR Q3 FY 14 (DEC,2013) - NET SALES UP 20%YoY; NET PROFITS UP 59% YoY



SHASUN PHARMASEUTICALS LTD

RESULTS FOR Q3 FY 2013-14
(DECEMBER,2013)

Shasun Pharamceuticals has reported good results for the third quarter ending December,2013.
Net sales for Q3 FY 14 has gone up well to Rs.309.38 Cr; up by  8.55% from Q2 FY 14 (Rs.285.01Cr); and up by         20.34% from Q3 FY 13 (Rs.257.09 Cr). Thus, sales improvement is very Good.
Profit from operations  for Q3 FY 14 has gone up well to Rs.23.28 Cr; up by 34.49% from Q2 FY 14 (Rs.17.31 Cr); and up by       186.35% from Q3 FY 13 (Rs.8.13 Cr). The expenses have grown but less than proportionately compared to Sales Revenue.
Other income has come down to Rs.3.46 Cr; down by -51.94% from Q2 FY 14 (Rs.7.20 cr); and down by  -57.49% from Q3 FY 13 (Rs.8.14 Cr).
Finance costs has gone up to Rs.  13.78 cr; up by 23.81% from Q2 FY 14 (Rs.11.13 cr; and up by   40.04% from Q3 FY 13 (Rs.9.84 Cr). 
Taking into account the downturn in other income and the upswing in finance costs, Profit  before tax has come at Rs.12.96 cr; slightly down by -3.14% from Q2 FY 14 (Rs.13.38 Cr);  and up by a huge    101.56% from Q3 FY 13 (Rs.6.43 Cr).
Tax expense stands at Rs.8 lakhs compared to Rs(-)4 Lakhs in preceding Qtr and Rs.1.78 Cr in Q3 FY 13.
Net Profit  stands at Rs. 13.04 Cr down by -2.25% from preceding Qtr (Rs.13.34Cr); and up by a good        58.83% from Q3 FY 13 (Rs.8.21 CR).
On a Face Value of Rs.2, Basic EPS for Q3 stands at Rs.2.3 against Rs.2.36 in preceding Quarter and Rs.1.49 in Q3 FY 13.
The annualized EPS works out to Rs.9.2; which yields a Price earning Ratio of   8.7  at the current market price of around Rs.80.

RESULTS TABLE


Shasun Pharma
Q3 FY 14
%dif QoQ
Q2 FY 14
%Dif YoY
Q3 FY 13
Net sales
30938
8.55
28501
20.34
25709
Other operating income
1590
33.95
1187
16.31
1367
Total income from operations
32528
9.57
29688
20.14
27076
Cost of materials
16409
6.72
15376
17.12
14011
stock-in-trade
94
-77.99
427
-3.09
97
Changes in inventories
-839
-54.4
-1840
1298.33
-60
Employee benefits expense
5853
8.23
5408
19.91
4881
Depreciation
1488
-0.67
1498
26.64
1175
Other expenses
6890
2.56
6718
11.87
6159
Total expenses
30200
8.02
27957
14.99
26263
Profit from operations
2328
34.49
1731
186.35
813
Other income
346
-51.94
720
-57.49
814
Finance costs
1378
23.81
1113
40.04
984
Profit  before tax
1296
-3.14
1338
101.56
643
Tax expense
8
-300
-4
-95.51
178
Net Profit
1304
-2.25
1334
58.83
821
Face Value (Rs.)
2
0
2
0
2
Paid-up equity
1133
0
1133
2.72
1103
Basic EPS
2.3
-2.54
2.36
54.36
1.49
Public Holding%
58.03






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