3M INDIA Announces Quarterly Results (1QFY22); Net Profit Up 170.8%

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3M INDIA Announces Quarterly Results (1QFY22); Net Profit Up 170.8%
Mon, 16 Aug

3M INDIA has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

3M INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m3,4628,2727,439-10.1%114.9%
Other incomeRs m64728011.5%24.7%
TurnoverRs m3,5268,3447,519-9.9%113.2%
ExpensesRs m3,9467,2486,960-4.0%76.4%
Gross profitRs m-4841,024479-53.3%
DepreciationRs m1501441482.5%-1.7%
InterestRs m83693.4%-29.6%
Profit before taxRs m-578949405-57.3%
TaxRs m-153244104-57.3%
Profit after taxRs m-425705301-57.3%
Gross profit margin%-14.012.46.4
Effective tax rate%26.525.725.7
Net profit margin%-12.18.44.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 114.9% on a year-on-year (YoY) basis. The expenses were up by 76.4% YoY during the same period.
  • The company's operating profit declined by 198.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.4% in 1QFY22 as against 14.0% in 1QFY21.
  • Depreciation charges declined by 1.7% and finance costs declined by 29.6% YoY, respectively.
  • Other income increased by 24.7% YoY during the quarter.
  • Net profit for the quarter increased by 170.8% YoY. Net profit margins during the quarter increased from -12.1% in 1QFY21 to 4.0% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.0% QoQ during the same period.
  • The company's operating profit declined by 53.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.4% in 1QFY22 as against 12.4% in 4QFY21.
  • Net profit for the quarter declined by 57.3% QoQ, while net profit margins declined from 8.4% in 4QFY21 to 4.0% in 1QFY22.

To see how 3M INDIA has performed over the last eight quarters,please visit here.

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3M INDIA Share Price Performance

Over the last one year, 3M INDIA share price has moved up from Rs 20,892.9 to Rs 23,854.5, registering a Gain of Rs 2,961.6 or around 14.2%.

Overall, the S&P BSE SENSEX is up 44.9% over the year.

Current Valuations

At the current price of Rs 23,854.5, the price to earnings (P/E) ratio of 3M INDIA stands at 114.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.1 times.

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3M INDIA 2020-21 Annual Report Analysis (Annual Result Update)

Aug 9, 2021 | Updated on Aug 9, 2021

Here's an analysis of the annual report of 3M INDIA for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of 3M INDIA. Also includes updates on the valuation of 3M INDIA.

3M INDIA Announces Quarterly Results (4QFY21); Net Profit Up 17.2% (Quarterly Result Update)

Jul 8, 2021 | Updated on Jul 8, 2021

For the quarter ended March 2021, 3M INDIA has posted a net profit of Rs 705 m (up 17.2% YoY). Sales on the other hand came in at Rs 8 bn (up 22.9% YoY). Read on for a complete analysis of 3M INDIA's quarterly results.

3M INDIA Announces Quarterly Results (3QFY21); Net Profit Down 17.4% (Quarterly Result Update)

Feb 11, 2021 | Updated on Feb 11, 2021

For the quarter ended December 2020, 3M INDIA has posted a net profit of Rs 594 m (down 17.4% YoY). Sales on the other hand came in at Rs 7 bn (down 0.5% YoY). Read on for a complete analysis of 3M INDIA's quarterly results.

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Jan 24, 2022 (Close)

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