NATCOPHARM · Healthcare
NATCO Pharma Ltd. reported revenue of ₹1,068 cr for January to March 2024, — on the year and +40.7% on the quarter.
Operating profit (EBITDA) was ₹497 cr, a margin of 46.5%, — on the year and +1,123 bps on the quarter.
Net profit was ₹386 cr, — on the year and +81.2% on the quarter, with earnings per share of ₹19.69.
On earnings per share of ₹70.76 over the last four quarters, the stock at ₹804.35 trades at 11.4 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,031 cr | ₹759 cr | ₹1,068 cr | ₹1,363 cr | ₹1,371 cr | ₹475 cr | ₹1,221 cr | ₹1,329 cr | ₹1,363 cr | ₹647 cr | ₹739 cr | ₹735 cr |
| YoY | — | — | — | +20% | +33% | −37% | +14% | −2% | −1% | +36% | −39% | −45% |
| EBITDA margin | 44.4% | 35.3% | 46.5% | 59.1% | 58.6% | 8.2% | 44.9% | 43.0% | 42.5% | 24.6% | 17.3% | 25.3% |
| Other income, % of PBT | 7% | 14% | 9% | 6% | 8% | 107% | 13% | 11% | 16% | 36% | 54% | 32% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 16% | 17% | 19% | 17% | 17% | 19% | 20% | 16% | 16% | 13% | — | 34% |
| Net profit | ₹369 cr | ₹213 cr | ₹386 cr | ₹668 cr | ₹676 cr | ₹132 cr | ₹406 cr | ₹480 cr | ₹518 cr | ₹151 cr | ₹269 cr | ₹206 cr |
| YoY | — | — | — | +59% | +83% | −38% | +5% | −28% | −23% | +14% | −34% | −57% |
| Core profit YoY | — | — | — | +57% | +83% | −105% | +1% | −33% | −32% | — | −85% | −75% |
| EPS | ₹18.81 | ₹10.84 | ₹19.69 | ₹34.07 | ₹34.52 | ₹6.78 | ₹20.72 | ₹24.50 | ₹26.42 | ₹7.72 | ₹13.65 | ₹10.52 |
| Flags | · | · | · | ✓ | ✓ | 2 | ✓ | 1 | 1 | ✓ | 3 | 2 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
NATCO Pharma Ltd. reported revenue of ₹1,068 cr (— on the year) and net profit of ₹386 cr (— on the year) for January to March 2024.
None of the 2 checks that could run raised a question.
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