X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
M&M: UVs are the star performers - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

StockSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

M&M: UVs are the star performers
Jun 5, 2013

Mahindra & Mahindra (M&M) announced the fourth quarter results of financial year 2012-2013 (4QFY13). The company has reported a growth of 10% YoY in sales while net profits grew by 6% YoY (M&M and MVML combined). Here is our analysis of the results.

Performance Summary
  • Revenues (M&M and MVML combined) rise by 10% YoY during 4QFY13 largely led by growth in the automotive business.
  • Operating margins improve by 2.4% to 14.4% in 4QFY13; thus operating profits grow by 31% YoY.
  • Bottomline grows by a mere 6% YoY during the quarter on account of a substantial rise in tax expenses.
  • For the full year, sales and net profits grow by 22% YoY and 21% YoY respectively.
Financial performance: M&M and MVML** combined
(Rs m) 4QFY12 4QFY13 Change FY12 FY13 Change
Sales 91,079 99,830 9.6% 313,703 383,566 22.3%
Expenditure  80,158 85,478 6.6% 272,199 330,273 21.3%
Operating profit (EBDITA)  10,921  14,351 31.4% 41,504 53,293 28.4%
Operating profit margin (%) 12.0% 14.4%   13.2% 13.9%  
Other income 1,124 1,017 -9.5% 4,843 5,697 17.6%
Depreciation 2,264 2,279 0.7% 6,699 8,178 22.1%
Interest  1,101  784 -28.7% 2,874 2,964 3.1%
Profit before tax 8,680 12,304 41.8% 36,775 47,848 30.1%
Exceptional items 1,083  906 -16.3% 1,083 906  
Tax 650 3,581 451.3% 7,887 12,410 57.3%
Profit after tax/(loss) 9,113 9,629 5.7% 29,970  36,344 21.3%
Net profit margin (%) 10.0% 9.6%   9.6% 9.5%  
No. of shares (m)       589.3  589.9  
Diluted earnings per share (Rs)*         43.1  
P/E ratio (x)*         23.0  

To Read the Full Story, Subscribe or Sign In


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

M&M SHARE PRICE


Sep 19, 2018 (Close)

TRACK M&M

M&M - FORD COMPARISON

COMPARE M&M WITH

MARKET STATS