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3M INDIA Announces Quarterly Results (3QFY19); Net Profit Up 20.2%

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3M INDIA Announces Quarterly Results (3QFY19); Net Profit Up 20.2%
Fri, 22 Feb

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

3M INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m6,4586,8297,91515.9%22.6%
Other incomeRs m247146126-14.0%-48.9%
TurnoverRs m6,7046,9758,04115.3%19.9%
ExpensesRs m5,1925,8796,2416.1%20.2%
Gross profitRs m1,2669491,67576.4%32.4%
DepreciationRs m103109108-0.7%4.5%
InterestRs m2112.8%-31.9%
Profit before taxRs m1,4079861,69271.6%20.2%
TaxRs m49034759069.8%20.4%
Profit after taxRs m9176381,10272.6%20.2%
Gross profit margin%19.613.921.2
Effective tax rate%34.835.234.9
Net profit margin%13.79.213.7
* 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 22.6% on a year-on-year (YoY) basis. The expenses were up by 20.2% YoY during the same period.
  • The company's operating profit increased by 32.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.2% in 3QFY19 as against 19.6% in 3QFY18.
  • Depreciation charges increased by 4.5% and finance costs declined by 31.9% YoY, respectively.
  • Other income declined by 48.9% YoY during the quarter.
  • Net profit for the quarter increased by 20.2% YoY. Net profit margins during the quarter increased from 13.7% in 3QFY18 to 13.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.1% QoQ during the same period.
  • The company's operating profit increased by 76.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.2% in 3QFY19 as against 13.9% in 2QFY18.
  • Net profit for the quarter increased by 72.6% QoQ, while net profit margins increased from 9.1% in 2QFY18 to 13.7% in 3QFY19.

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 20,648.1 to Rs 23,150.0, registering a Gain of Rs 2,502.0 or around 12.1%.

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 23,150.0, the price to earnings (P/E) ratio of 3M INDIA stands at 71.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 17.0 times.

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Related Views on News

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

Nov 6, 2018 | Updated on Nov 6, 2018

For the quarter ended September 2018, 3M INDIA has posted a net profit of Rs 638 m (up 7.0% YoY). Sales on the other hand came in at Rs 7 bn (up 20.4% YoY). Read on for a complete analysis of 3M INDIA's quarterly results.

3M INDIA Announces Quarterly Results (4QFY18); Net Profit Up 2.9% (Quarterly Result Update)

Jun 19, 2018 | Updated on Jun 19, 2018

For the quarter ended March 2018, 3M INDIA has posted a net profit of Rs 931 m (up 2.9% YoY). Sales on the other hand came in at Rs 7 bn (up 4.7% YoY). Read on for a complete analysis of 3M INDIA's quarterly results.

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