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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

Equitymaster requests your view! Post a comment on "3M INDIA Announces Quarterly Results (4QFY19); Net Profit Down 35.2%". Click here!

  

Related Views on News

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)

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.

More Views on News

Most Popular

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

For 1,000%+ Gains, Follow the 8-Year Cycle in the Stock Market(Fast Profits Daily)

Jan 17, 2020

This is how the biggest trading profits are made.

How to Buy the Best Safe Stocks in 2020(The 5 Minute Wrapup)

Jan 17, 2020

Don't fall for the safe stocks narrative going around in the stock market these days.

What the Infosys Results Tell Us About the Next Infosys(The 5 Minute Wrapup)

Jan 15, 2020

If you're interested in the next Infosys, I'll tell you where to look.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

3M INDIA SHARE PRICE


Jan 24, 2020 (Close)

TRACK 3M INDIA

  • Track your investment in 3M INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

3M INDIA - GMR INFRA COMPARISON

COMPARE 3M INDIA WITH

MARKET STATS