MARUTI SUZUKI Announces Quarterly Results (4QFY20); Net Profit Down 28.1%

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MARUTI SUZUKI Announces Quarterly Results (4QFY20); Net Profit Down 28.1%
Thu, 14 May

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

MARUTI SUZUKI Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m214,594207,068181,987-12.1%-15.2%
Other incomeRs m8,6777,8408,80412.3%1.5%
TurnoverRs m223,271214,908190,791-11.2%-14.5%
ExpensesRs m191,960186,047166,523-10.5%-13.3%
Gross profitRs m22,63421,02115,464-26.4%-31.7%
DepreciationRs m8,1028,5808,230-4.1%1.6%
InterestRs m8821728330.4%221.6%
Profit before taxRs m23,12120,06415,755-21.5%-31.9%
TaxRs m5,1654,4162,838-35.7%-45.1%
Profit after taxRs m17,95615,64812,917-17.5%-28.1%
Gross profit margin%10.510.28.5
Effective tax rate%22.322.018.0
Net profit margin%8.07.36.8
* 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 15.2% on a year-on-year (YoY) basis. The expenses were down by 13.3% YoY during the same period.
  • The company's operating profit declined by 31.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.5% in 4QFY20 as against 10.5% in 4QFY19.
  • Depreciation charges increased by 1.6% and finance costs increased by 221.6% YoY, respectively.
  • Other income increased by 1.5% YoY during the quarter.
  • Net profit for the quarter declined by 28.1% YoY. Net profit margins during the quarter declined from 8.0% in 4QFY19 to 6.8% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 10.5% QoQ during the same period.
  • The company's operating profit declined by 26.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.5% in 4QFY20 as against 10.2% in 3QFY19.
  • Net profit for the quarter declined by 17.5% QoQ, while net profit margins declined from 7.3% in 3QFY19 to 6.8% in 4QFY20.

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

Tomorrow at 5pm: Get the details of India's #1 defence stock

MARUTI SUZUKI Share Price Performance

Over the last one year,MARUTI SUZUKI share price has moved down from Rs 6,569.6 to Rs 5,081.6, registering a Loss of Rs 1,488.0 or around 22.6%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 13,183.2 (down 0.4%). Over the last one year it has moved down from 17,946.8 to 13,183.2, a loss of 4,764 points (down 26.5%).

Overall, the S&P BSE SENSEX is down 15.5% over the year.

Current Valuations

At the current price of Rs 5,081.6, the price to earnings (P/E) ratio of MARUTI SUZUKI stands at 27.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

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