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

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3M INDIA Announces Quarterly Results (4QFY18); Net Profit Up 2.9%
Tue, 19 Jun

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

3M INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m6,4836,4586,7875.1%4.7%
Other incomeRs m15624779-67.9%-49.3%
TurnoverRs m6,6396,7046,8662.4%3.4%
ExpensesRs m5,1275,1925,2891.9%3.2%
Gross profitRs m1,3561,2661,49818.3%10.4%
DepreciationRs m1151031030.3%-9.9%
InterestRs m13213517.4%0.0%
Profit before taxRs m1,3841,4071,4603.8%5.5%
TaxRs m4804905308.1%10.3%
Profit after taxRs m9049179311.5%2.9%
Gross profit margin%20.919.622.1
Effective tax rate%34.734.836.3
Net profit margin%13.613.713.6
* 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 4.7% on a year-on-year (YoY) basis. The expenses were up by 3.2% YoY during the same period.
  • The company's operating profit increased by 10.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.1% in 4QFY18 as against 20.9% in 4QFY17.
  • Depreciation charges and finance costs declined by 9.9% YoY and 0.0% YoY, respectively.
  • Other income declined by 49.3% YoY during the quarter.
  • Net profit for the quarter increased by 2.9% YoY. Net profit margins during the quarter declined from 13.6% in 4QFY17 to 13.6% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.9% QoQ during the same period.
  • The company's operating profit increased by 18.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.1% in 4QFY18 as against 19.6% in 3QFY17.
  • Net profit for the quarter increased by 1.5% QoQ, while net profit margins same from 13.7% in 3QFY17 to 13.6% in 4QFY18.

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 13,925.4 to Rs 19,404.7, registering a Gain of Rs 5,479.3 or around 39.3%.

Overall, the S&P BSE SENSEX is down 0.5% over the year.

Current Valuations

At the current price of Rs 19,404.7, the price to earnings (P/E) ratio of 3M INDIA stands at 70.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 17.8 times.

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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)

May 30, 2019 | Updated on May 30, 2019

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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