3M INDIA Announces Quarterly Results (2QFY19); Net Profit Up 7.0%

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3M INDIA Announces Quarterly Results (2QFY19); Net Profit Up 7.0%
Tue, 6 Nov

3M INDIA has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

3M INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,6747,0076,829-2.5%20.4%
Other incomeRs m929414655.5%59.7%
TurnoverRs m5,7657,1016,975-1.8%21.0%
ExpensesRs m4,7455,4635,8797.6%23.9%
Gross profitRs m9281,544949-38.5%2.3%
DepreciationRs m1021041094.4%6.4%
InterestRs m221-28.8%-40.0%
Profit before taxRs m9161,532986-35.7%7.6%
TaxRs m319536347-35.2%8.9%
Profit after taxRs m597996638-35.9%7.0%
Gross profit margin%16.422.013.9
Effective tax rate%34.835.035.2
Net profit margin%10.414.09.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 20.4% on a year-on-year (YoY) basis. The expenses were up by 23.9% YoY during the same period.
  • The company's operating profit increased by 2.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.9% in 2QFY19 as against 16.4% in 2QFY18.
  • Depreciation charges increased by 6.4% and finance costs declined by 40.0% YoY, respectively.
  • Other income increased by 59.7% YoY during the quarter.
  • Net profit for the quarter increased by 7.0% YoY. Net profit margins during the quarter declined from 10.4% in 2QFY18 to 9.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.6% QoQ during the same period.
  • The company's operating profit declined by 38.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.9% in 2QFY19 as against 22.0% in 1QFY18.
  • Net profit for the quarter declined by 35.9% QoQ, while net profit margins declined from 14.0% in 1QFY18 to 9.2% in 2QFY19.

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

3M INDIA Share Price Performance

Over the last one year, 3M INDIA share price has moved up from Rs 16,050.0 to Rs 20,009.6, registering a Gain of Rs 3,959.6 or around 24.7%.

Overall, the S&P BSE SENSEX is up 4.1% over the year.

Current Valuations

At the current price of Rs 20,009.6, the price to earnings (P/E) ratio of 3M INDIA stands at 64.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.7 times.

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3M INDIA Announces Quarterly Results (1QFY20); Net Profit Down 9.5% (Quarterly Result Update)

Aug 16, 2019 | Updated on Aug 16, 2019

For the quarter ended June 2019, 3M INDIA has posted a net profit of Rs 901 m (down 9.5% YoY). Sales on the other hand came in at Rs 8 bn (up 14.8% YoY). Read on for a complete analysis of 3M INDIA's quarterly results.

3M INDIA 2018-19 Annual Report Analysis (Annual Result Update)

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Here's an analysis of the annual report of 3M INDIA for 2018-19. 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 (4QFY19); Net Profit Down 35.2% (Quarterly Result Update)

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For the quarter ended March 2019, 3M INDIA has posted a net profit of Rs 603 m (down 35.2% YoY). Sales on the other hand came in at Rs 7 bn (up 9.5% YoY). Read on for a complete analysis of 3M INDIA's quarterly results.

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