MARUTI SUZUKI Announces Quarterly Results (4QFY21); Net Profit Down 8.7%

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MARUTI SUZUKI Announces Quarterly Results (4QFY21); Net Profit Down 8.7%
Thu, 8 Jul

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

MARUTI SUZUKI Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m182,077234,713240,3452.4%32.0%
Other incomeRs m8,8029,938897-91.0%-89.8%
TurnoverRs m190,879244,651241,242-1.4%26.4%
ExpensesRs m166,597212,435220,3983.7%32.3%
Gross profitRs m15,48022,27819,947-10.5%28.9%
DepreciationRs m8,2367,4207,416-0.1%-10.0%
InterestRs m28829032612.4%13.2%
Profit before taxRs m15,75824,50613,102-46.5%-16.9%
TaxRs m2,9635,1361,425-72.3%-51.9%
Profit after taxRs m12,79519,37011,677-39.7%-8.7%
Gross profit margin%8.59.58.3
Effective tax rate%18.821.010.9
Net profit margin%6.77.94.8
* 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 32.0% on a year-on-year (YoY) basis. The expenses were up by 32.3% YoY during the same period.
  • The company's operating profit increased by 28.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.3% in 4QFY21 as against 8.5% in 4QFY20.
  • Depreciation charges declined by 10.0% and finance costs increased by 13.2% YoY, respectively.
  • Other income declined by 89.8% YoY during the quarter.
  • Net profit for the quarter declined by 8.7% YoY. Net profit margins during the quarter declined from 6.7% in 4QFY20 to 4.8% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.7% QoQ during the same period.
  • The company's operating profit declined by 10.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.3% in 4QFY21 as against 9.5% in 3QFY20.
  • Net profit for the quarter declined by 39.7% QoQ, while net profit margins declined from 7.9% in 3QFY20 to 4.8% in 4QFY21.

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 6,043.5 to Rs 7,393.7, registering a Gain of Rs 1,350.2 or around 22.3%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 23,265.0 (down 1.2%). Over the last one year it has moved up from 16,013.3 to 23,265.0, a gain of 7,252 points (up 45.3%).

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

Current Valuations

At the current price of Rs 7,393.7, the price to earnings (P/E) ratio of MARUTI SUZUKI stands at 52.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.5 times.

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