3M INDIA Announces Quarterly Results (4QFY21); Net Profit Up 17.2%

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3M INDIA Announces Quarterly Results (4QFY21); Net Profit Up 17.2%
Thu, 8 Jul

3M INDIA has announced its results for the quarter ended March 2021. Here is a detailed performance review of the same:

3M INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m6,7327,4148,27211.6%22.9%
Other incomeRs m124577226.0%-42.4%
TurnoverRs m6,8567,4718,34411.7%21.7%
ExpensesRs m5,9686,4987,24811.5%21.4%
Gross profitRs m7639171,02411.8%34.2%
DepreciationRs m159157144-8.4%-9.3%
InterestRs m993-65.0%-66.4%
Profit before taxRs m72080794917.5%31.8%
TaxRs m11921424414.4%105.9%
Profit after taxRs m60159470518.7%17.2%
Gross profit margin%11.312.412.4
Effective tax rate%16.526.425.7
Net profit margin%8.87.98.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 22.9% on a year-on-year (YoY) basis. The expenses were up by 21.4% YoY during the same period.
  • The company's operating profit increased by 34.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.4% in 4QFY21 as against 11.3% in 4QFY20.
  • Depreciation charges declined by 9.3% and finance costs declined by 66.4% YoY, respectively.
  • Other income declined by 42.4% YoY during the quarter.
  • Net profit for the quarter increased by 17.2% YoY. Net profit margins during the quarter declined from 8.8% in 4QFY20 to 8.4% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.5% QoQ during the same period.
  • The company's operating profit increased by 11.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.4% in 4QFY21 as against 12.4% in 3QFY20.
  • Net profit for the quarter increased by 18.7% QoQ, while net profit margins increased from 8.0% in 3QFY20 to 8.4% in 4QFY21.

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

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3M INDIA Share Price Performance

Over the last one year, 3M INDIA share price has moved up from Rs 19,251.1 to Rs 24,484.4, registering a Gain of Rs 5,233.3 or around 27.2%.

Overall, the S&P BSE SENSEX is up 44.0% over the year.

Current Valuations

At the current price of Rs 24,484.4, the price to earnings (P/E) ratio of 3M INDIA stands at 169.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 15.8 times.

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3M INDIA Announces Quarterly Results (1QFY22); Net Profit Up 170.8% (Quarterly Result Update)

Aug 16, 2021 | Updated on Aug 16, 2021

For the quarter ended June 2021, 3M INDIA has posted a net profit of Rs 301 m (up 170.8% YoY). Sales on the other hand came in at Rs 7 bn (up 114.9% YoY). Read on for a complete analysis of 3M INDIA's quarterly results.

3M INDIA 2020-21 Annual Report Analysis (Annual Result Update)

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Here's an analysis of the annual report of 3M INDIA for 2020-21. 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 (3QFY21); Net Profit Down 17.4% (Quarterly Result Update)

Feb 11, 2021 | Updated on Feb 11, 2021

For the quarter ended December 2020, 3M INDIA has posted a net profit of Rs 594 m (down 17.4% YoY). Sales on the other hand came in at Rs 7 bn (down 0.5% YoY). Read on for a complete analysis of 3M INDIA's quarterly results.

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Jan 27, 2022 (Close)

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