Shilpa Medicare reported -16.77% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs199.85cr. The sharp fall in revenues was also the key reason for the vertical fall in profits for the year, which we shall also look at. The fall in revenues was due to a fall in service and license fees.
In the Dec-19 quarter, the service and license fees included an amount of Rs.26.80 lakhs towards one time sale of product licenses during the quarter. These were non-recurring and hence the fall in top line on a yoy basis is not exactly the correct picture. Formulations revenue also fell due to plant remediation and repairs.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was down -86.07% at Rs7.67cr. The hit on PAT was largely on account of the sharp fall in service and license fees, which is one-time in nature. As a result, the PAT margins fell sharply from 22.93% in Dec-19 to 3.84% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
|
|
Shilpa Medicare |
|
|
|
|
|
Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 199.85 |
₹ 240.11 |
-16.77% |
₹ 288.14 |
-30.64% |
|
Net Profit (Rs cr) |
₹ 7.67 |
₹ 55.06 |
-86.07% |
₹ 45.38 |
-83.10% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
₹ 0.94 |
₹ 6.75 |
|
₹ 5.57 |
|
|
Net Margins |
3.84% |
22.93% |
|
15.75% |
|
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