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Caplin Laboratories Ltd's Q3 Standalone PAT grows 56%, Consolidated PAT grows 22%

Posted On: 2019-02-11 15:24:08

Caplin Laboratories Ltd (NSE: CAPLIPOINT; BSE Code: 524742), one of the fastest growing mid-cap pharmaceutical companies in India today announced financial results for the Third quarter (Q3FY19) ended December 3l5t, 2018.

Financial Highlights - Standalone Q3 FV19 (YoY%} Review

- Revenue was Rs 1471 mn for Q3FY19 as compared to Rs 1131 mn in the corresponding period of FY18, an increase of 30%.

- EBITDA stood at Rs 565 mn as compared to Rs 392 mn in the corresponding period of FY18, an increase of 44%.

- Net profit was Rs. 369 mn for Q3FY19 as compared to Rs. 236 mn in Q3FY18, an increase of 56%

- Basic EPS stood at Rs 4.88 as against Rs 3.12 in Q3FY18 (growth of 56%).

Consolidated Q3 FY19 (YoY%} Review

- Revenue was Rs. 1667 mn for Q3FY19 as compared to Rs. 1439 mn in the corresponding period of FY18, an increase of 16%.

- EBITDA stood at Rs. 655 mn as compared to Rs. 531 mn during Q3FY18, an increase of 23%

- EBITDA Margin stood at 39% (Increase of 239 bps)

- Net profit was Rs. 458 mn for Q3FY19 as compared to Rs. 375 mn in Q3FY18, an increase of 22%

- Basic EPS was Rs. 6.06 as against Rs. 4.97 in Q3FY18 (growth of 22%)

Standalone 9 months ended December 2018 Review

- Revenue was Rs. 4282 mn upto Q3FY19 as compared to Rs. 3364 mn in the corresponding period of FY18, an increase of 27%.

- EBITDA stood at Rs. 1641 mn as compared to Rs. 1272 mn in the corresponding period of FY18, an increase of 29%.

- Net profit was Rs. 1078 mn for Q3FY19 as compared to Rs. 807 mn in Q3FY18, an increase of 34%

- Basic EPS stood at Rs 14.26 as against Rs 10.68 in Q3FY18 (growth of 34%).

Consolidated 9 months ended December 2018 Review

- Revenue was Rs. 4777 mn upto Q3FY19 as compared to Rs. 4062 mn in the corresponding period of FY18, an increase of 18%.

- EBITDA stood at Rs. 1829 mn as compared to Rs. 1558 mn during Q3FY18, an increase of 17%

- EBITDA Margin stood at 38%

- Net profit was Rs. 1267 mn for Q3FY19 as compared to Rs. 1093 mn in Q3FY18, an increase of 16%

- Basic EPS was Rs. 16.77 as against Rs. 14.48 in Q3FY18 (growth of 16%}

Commenting on the performance Dr. Sridhar Ganesan, Managing Director of the Company said "We have again shown strong growth in terms of Top and Bottom Line this Quarter, compared to the same period of the previous financial year. Our Standalone growth has been commendable due in part to milestone payments we have received from a couple of filed ANDAs in the US. Our EBITDA/PA T numbers remains at a high level as usual.

Our target is to file 3 more ANDAs before the end of this FY, taking the tally to 11 ANDAs filed from Caplin, with 3 approvals already received. We also had a major development recently where we have moved our Injectable plant and other assets for US market into our subsidiary 'Caplin Steriles Ltd' where we have attracted investment from a globally renowned player - Fidelity's investment arms Eight Roads and F-Prime Capital.

China remains high on our priority and we're putting together a business model that will be sustainable and create value for all stakeholders in the medium to long term."

Shares of CAPLIN POINT LABORATORIES LTD. was last trading in BSE at Rs.358.9 as compared to the previous close of Rs. 361.55. The total number of shares traded during the day was 693 in over 44 trades.

The stock hit an intraday high of Rs. 359.7 and intraday low of 351. The net turnover during the day was Rs. 246036.


Source: Equity Bulls

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