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3M INDIA Announces Quarterly Results (4QFY19); Net Profit Down 35.2%

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3M INDIA Announces Quarterly Results (4QFY19); Net Profit Down 35.2%
Thu, 30 May

3M INDIA has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

3M INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m6,7877,9157,428-6.2%9.5%
Other incomeRs m7912625-80.4%-68.8%
TurnoverRs m6,8668,0417,453-7.3%8.6%
ExpensesRs m5,2896,2416,4012.6%21.0%
Gross profitRs m1,4981,6751,027-38.7%-31.4%
DepreciationRs m1031081080.1%4.3%
InterestRs m1316337.2%-51.8%
Profit before taxRs m1,4601,692938-44.6%-35.8%
TaxRs m530590335-43.2%-36.8%
Profit after taxRs m9311,102603-45.3%-35.2%
Gross profit margin%22.121.213.8
Effective tax rate%36.334.935.7
Net profit margin%13.613.78.1
* 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 9.5% on a year-on-year (YoY) basis. The expenses were up by 21.0% YoY during the same period.
  • The company's operating profit declined by 31.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.8% in 4QFY19 as against 22.1% in 4QFY18.
  • Depreciation charges increased by 4.3% and finance costs declined by 51.8% YoY, respectively.
  • Other income declined by 68.8% YoY during the quarter.
  • Net profit for the quarter declined by 35.2% YoY. Net profit margins during the quarter declined from 13.6% in 4QFY18 to 8.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.6% QoQ during the same period.
  • The company's operating profit declined by 38.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.8% in 4QFY19 as against 21.2% in 3QFY18.
  • Net profit for the quarter declined by 45.3% QoQ, while net profit margins declined from 13.7% in 3QFY18 to 8.1% in 4QFY19.

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 20,030.2 to Rs 22,846.1, registering a Gain of Rs 2,815.9 or around 14.1%.

Overall, the S&P BSE SENSEX is up 13.6% over the year.

Current Valuations

At the current price of Rs 22,846.1, the price to earnings (P/E) ratio of 3M INDIA stands at 77.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 16.7 times.

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

Jul 18, 2019 | Updated on Jul 18, 2019

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 (3QFY19); Net Profit Up 20.2% (Quarterly Result Update)

Feb 22, 2019 | Updated on Feb 22, 2019

For the quarter ended December 2018, 3M INDIA has posted a net profit of Rs 1 bn (up 20.2% YoY). Sales on the other hand came in at Rs 8 bn (up 22.6% YoY). Read on for a complete analysis of 3M INDIA's quarterly results.

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.

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