M&M: Impressive show - 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: Impressive show

Nov 4, 2003

M&M, the market leader in the tractor and utility vehicle (UV) segments, posted an impressive growth in revenues and net profit for the second quarter ended September 2003. Benefits from higher capacity utilisation and better sales mix has resulted in improvement in operating margins as well.

(Rs m) 2QFY03 2QFY04 Change 1HFY03 1HFY04 Change
Sales 8,206 11,185 36.3% 16,491 21,114 28.0%
Other Income 270 288 6.8% 218 418 91.8%
Expenditure 7,467 10,095 35.2% 15,002 19,125 27.5%
Operating Profit (EBDIT) 739 1,091 47.6% 1,488 1,990 33.7%
Operating Profit Margin (%) 9.0% 9.8%   9.0% 9.4%  
Interest 282 219 -22.5% 596 457 -23.3%
Depreciation 405 405 0.0% 810 813 0.3%
Profit before Tax 322 755 134.7% 301 1,138 278.7%
Extraordinary item 648 126 -80.5% 648 80 -87.7%
Tax 387 152 -60.7% 435 210 -51.7%
Profit after Tax/(Loss) 583 730 25.3% 514 1,008 96.2%
Net profit margin (%) 7.1% 6.5%   3.1% 4.8%  
No. of Shares (m) 110.5 110.5   110.5 110.5  
Earnings per share (Rs)* 21.1 26.4   9.3 18.2  
P/E (x)         19.6  
(*annualised)            

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

M&M SHARE PRICE


Sep 25, 2020 (Close)

TRACK M&M

M&M - CHOLAMANDALAM FINANCIAL HOLDINGS COMPARISON

COMPARE M&M WITH

MARKET STATS