MAHINDRA CIE AUTO. Announces Quarterly Results (2QFY22); Net Profit Up 173.9%

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MAHINDRA CIE AUTO. Announces Quarterly Results (2QFY22); Net Profit Up 173.9%
Mon, 18 Oct

MAHINDRA CIE AUTO. has announced its results for the quarter ended September 2021. Here is a detailed performance review of the same:

MAHINDRA CIE AUTO. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m16,94320,42520,9072.4%23.4%
Other incomeRs m42011674-35.9%-82.4%
TurnoverRs m17,36320,54020,9812.1%20.8%
ExpensesRs m15,43417,82718,2222.2%18.1%
Gross profitRs m1,5092,5982,6853.4%78.0%
DepreciationRs m849886835-5.8%-1.7%
InterestRs m1421311331.8%-6.2%
Profit before taxRs m9371,6971,7915.6%91.1%
TaxRs m330335127-62.0%-61.4%
Profit after taxRs m6081,3621,66422.2%173.9%
Gross profit margin%8.912.712.8
Effective tax rate%35.219.77.1
Net profit margin%3.56.67.9
* 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 23.4% on a year-on-year (YoY) basis. The expenses were up by 18.1% YoY during the same period.
  • The company's operating profit increased by 78.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.8% in 2QFY22 as against 8.9% in 2QFY21.
  • Depreciation charges declined by 1.7% and finance costs declined by 6.2% YoY, respectively.
  • Other income declined by 82.4% YoY during the quarter.
  • Net profit for the quarter increased by 173.9% YoY. Net profit margins during the quarter increased from 3.5% in 2QFY21 to 7.9% in 2QFY22.
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 2.2% QoQ during the same period.
  • The company's operating profit increased by 3.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.8% in 2QFY22 as against 12.7% in 1QFY21.
  • Net profit for the quarter increased by 22.2% QoQ, while net profit margins increased from 6.6% in 1QFY21 to 7.9% in 2QFY22.

To see how MAHINDRA CIE AUTO. has performed over the last eight quarters,please visit here.

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MAHINDRA CIE AUTO. Share Price Performance

Over the last one year, MAHINDRA CIE AUTO. share price has moved up from Rs 134.0 to Rs 269.7, registering a Gain of Rs 135.7 or around 101.2%.

Overall, the S&P BSE SENSEX is up 52.3% over the year.

Current Valuations

At the current price of Rs 269.7, the price to earnings (P/E) ratio of MAHINDRA CIE AUTO. stands at 24.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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MAHINDRA CIE AUTO. Announces Quarterly Results (1QFY22); Net Profit Up 205.8% (Quarterly Result Update)

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For the quarter ended June 2021, MAHINDRA CIE AUTO. has posted a net profit of Rs 1 bn (up 205.8% YoY). Sales on the other hand came in at Rs 20 bn (up 177.7% YoY). Read on for a complete analysis of MAHINDRA CIE AUTO.'s quarterly results.

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