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Zydus Wellness fiscal Q4 profit climbs 44.1% YOY


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According to Market Intelligence, February 2023

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Zydus Wellness fiscal Q4 profit climbs 44.1% YOY

Zydus Wellness Ltd said its normalized net income for the fiscal fourth quarter ended March 31 was 5.42 Indian rupees per share, an increase of 44.3% from 3.76 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 211.6 million rupees, a gain of 44.1% from 146.8 million rupees in the year-earlier period.

The normalized profit margin climbed to 18.7% from 14.5% in the year-earlier period.

Total revenue rose 11.8% year over year to 1.13 billion rupees from 1.01 billion rupees, and total operating expenses climbed 6.2% on an annual basis to 857.0 million rupees from 806.6 million rupees.

Reported net income decreased 7.3% from the prior-year period to 201.8 million rupees, or 5.17 rupees per share, from 217.6 million rupees, or 5.57 rupees per share.

For the year, the company's normalized net income totaled 18.44 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 25.87 rupees.

EPS rose 14.6% from 16.09 rupees in the prior year.

Normalized net income was 720.4 million rupees, a rise of 14.6% from 628.8 million rupees in the prior year.

Full-year total revenue rose 6.7% from the prior-year period to 4.31 billion rupees from 4.04 billion rupees, and total operating expenses rose 6.7% year over year to 3.39 billion rupees from 3.17 billion rupees.

The company said reported net income grew 13.0% year over year to 1.09 billion rupees, or 27.88 rupees per share, in the full year, from 964.5 million rupees, or 24.69 rupees per share.

As of May 14, US$1 was equivalent to 63.54 Indian rupees.