M&M Announces Quarterly Results (3QFY20); Net Profit Down 71.5%

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?  

M&M Announces Quarterly Results (3QFY20); Net Profit Down 71.5%
Mon, 10 Feb

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

M&M Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m130,704110,761123,45311.5%-5.5%
Other incomeRs m3,4098,2772,063-75.1%-39.5%
TurnoverRs m134,113119,038125,5155.4%-6.4%
ExpensesRs m115,53196,851106,95810.4%-7.4%
Gross profitRs m14,37213,91010,490-24.6%-27.0%
DepreciationRs m4,7355,3995,5372.6%16.9%
InterestRs m249302224-25.9%-10.0%
Profit before taxRs m12,79716,4866,791-58.8%-46.9%
TaxRs m2,0294,3603,725-14.6%83.6%
Profit after taxRs m10,76812,1263,066-74.7%-71.5%
Gross profit margin%11.012.68.5
Effective tax rate%15.926.454.9
Net profit margin%8.010.22.4
* 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 fell 5.5% on a year-on-year (YoY) basis. The expenses were down by 7.4% YoY during the same period.
  • The company's operating profit declined by 27.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.5% in 3QFY20 as against 11.0% in 3QFY19.
  • Depreciation charges increased by 16.9% and finance costs declined by 10.0% YoY, respectively.
  • Other income declined by 39.5% YoY during the quarter.
  • Net profit for the quarter declined by 71.5% YoY. Net profit margins during the quarter declined from 8.0% in 3QFY19 to 2.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.4% QoQ during the same period.
  • The company's operating profit declined by 24.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.5% in 3QFY20 as against 12.6% in 2QFY19.
  • Net profit for the quarter declined by 74.7% QoQ, while net profit margins declined from 10.2% in 2QFY19 to 2.4% in 3QFY20.

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

Revealed: 3 Stocks for Potentially Massive Gains

M&M Share Price Performance

Over the last one year,M&M share price has moved down from Rs 683.0 to Rs 541.2, registering a Loss of Rs 141.9 or around 20.8%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 17,789.5 (down 1.6%). Over the last one year it has moved down from 18,943.6 to 17,789.5, a gain of 1,154 points (down 6.1%).

Overall, the S&P BSE SENSEX is up 10.4% over the year.

Current Valuations

At the current price of Rs 541.2, the price to earnings (P/E) ratio of M&M stands at 14.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

Equitymaster requests your view! Post a comment on "M&M Announces Quarterly Results (3QFY20); Net Profit Down 71.5%". Click here!

  

Related Views on News

FORCE MOTORS Share Price Down by 5%; BSE AUTO Index Down 4.7% (Market Updates)

Apr 12, 2021 | Updated on Apr 12, 2021

FORCE MOTORS share price is trading down by 5% and its current market price is Rs 1,184. The BSE AUTO is down by 4.7%. The top losers are FORCE MOTORS (down 5.2%) and CUMMINS INDIA (down 5.2%).

M&M Announces Quarterly Results (3QFY21); Net Profit Down 89.9% (Quarterly Result Update)

Feb 10, 2021 | Updated on Feb 10, 2021

For the quarter ended December 2020, M&M has posted a net profit of Rs 309 m (down 89.9% YoY). Sales on the other hand came in at Rs 142 bn (up 15.2% YoY). Read on for a complete analysis of M&M's quarterly results.

M&M 2019-20 Annual Report Analysis (Annual Result Update)

Dec 7, 2020 | Updated on Dec 7, 2020

Here's an analysis of the annual report of M&M for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of M&M. Also includes updates on the valuation of M&M.

M&M Announces Quarterly Results (1QFY21); Net Profit Down 95.2% (Quarterly Result Update)

Aug 7, 2020 | Updated on Aug 7, 2020

For the quarter ended June 2020, M&M has posted a net profit of Rs 1 bn (down 95.2% YoY). Sales on the other hand came in at Rs 56 bn (down 56.6% YoY). Read on for a complete analysis of M&M's quarterly results.

M&M 2018-19 Annual Report Analysis (Annual Result Update)

Jul 9, 2019 | Updated on Jul 9, 2019

Here's an analysis of the annual report of M&M for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of M&M. Also includes updates on the valuation of M&M.

More Views on News

Most Popular

A Critical Update on the Market(Fast Profits Daily)

Mar 30, 2021

In this video, I'll tell you why I am recommending caution in the market at this time.

My Recent Recommendation Will Profit from the Global Supply Chain Crisis(Profit Hunter)

Mar 31, 2021

A tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.

My Stock Trading Strategy(Fast Profits Daily)

Mar 31, 2021

In this video I'll show you exactly how I go about picking stocks for trading.

What You Need to Find Hundred Baggers(Profit Hunter)

Mar 30, 2021

100 baggers of the last decade share this common trait. Here's how to use it to nail future multibaggers.

More

India's #1 Trader
Reveals His Secrets

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

M&M SHARE PRICE


Apr 12, 2021 (Close)

TRACK M&M

M&M - MARUTI SUZUKI COMPARISON

COMPARE M&M WITH

MARKET STATS