MARUTI SUZUKI Announces Quarterly Results (1QFY21); Net Profit Down 117.4%

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MARUTI SUZUKI Announces Quarterly Results (1QFY21); Net Profit Down 117.4%
Thu, 30 Jul

MARUTI SUZUKI has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

MARUTI SUZUKI Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m197,198181,98741,065-77.4%-79.2%
Other incomeRs m8,3648,80413,18349.7%57.6%
TurnoverRs m205,562190,79154,248-71.6%-73.6%
ExpensesRs m176,720166,52349,699-70.2%-71.9%
Gross profitRs m20,47815,464-8,634-155.8%-142.2%
DepreciationRs m9,1868,2307,833-4.8%-14.7%
InterestRs m547283173-38.9%-68.4%
Profit before taxRs m19,10915,755-3,457-121.9%-118.1%
TaxRs m4,7542,838-963-133.9%-120.3%
Profit after taxRs m14,35512,917-2,494-119.3%-117.4%
Gross profit margin%10.48.5-21.0
Effective tax rate%24.918.027.9
Net profit margin%7.06.8-4.6
* 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 fell 79.2% on a year-on-year (YoY) basis. The expenses were down by 71.9% YoY during the same period.
  • The company's operating profit declined by 142.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.0% in 1QFY21 as against 10.4% in 1QFY20.
  • Depreciation charges declined by 14.7% and finance costs declined by 68.4% YoY, respectively.
  • Other income increased by 57.6% YoY during the quarter.
  • Net profit for the quarter declined by 117.4% YoY. Net profit margins during the quarter declined from 7.0% in 1QFY20 to -4.6% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 77.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 70.2% QoQ during the same period.
  • The company's operating profit declined by 155.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.0% in 1QFY21 as against 8.5% in 4QFY20.
  • Net profit for the quarter declined by 119.3% QoQ, while net profit margins declined from 6.8% in 4QFY20 to -4.6% in 1QFY21.

To see how MARUTI SUZUKI has performed over the last eight quarters,please visit here.

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MARUTI SUZUKI Share Price Performance

Over the last one year,MARUTI SUZUKI share price has moved up from Rs 5,507.4 to Rs 6,355.7, registering a Gain of Rs 848.3 or around 15.4%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 16,659.2 (up 0.4%). Over the last one year it has moved up from 15,280.1 to 16,659.2, a gain of 1,379 points (up 9.0%).

Overall, the S&P BSE SENSEX is up 1.7% over the year.

Current Valuations

At the current price of Rs 6,355.7, the price to earnings (P/E) ratio of MARUTI SUZUKI stands at 48.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

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