MOTHERSON SUMI Announces Quarterly Results (1QFY20); Net Profit Down 41.6%

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MOTHERSON SUMI Announces Quarterly Results (1QFY20); Net Profit Down 41.6%
Fri, 16 Aug

MOTHERSON SUMI has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

MOTHERSON SUMI Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m147,755171,695167,925-2.2%13.7%
Other incomeRs m447682547-19.7%22.5%
TurnoverRs m148,201172,376168,473-2.3%13.7%
ExpensesRs m134,458159,267156,218-1.9%16.2%
Gross profitRs m13,29712,63911,707-7.4%-12.0%
DepreciationRs m3,6465,5185,5220.1%51.5%
InterestRs m1,0051,0301,55951.4%55.2%
Profit before taxRs m9,0936,7735,173-23.6%-43.1%
TaxRs m3,2732,4791,774-28.5%-45.8%
Profit after taxRs m5,8204,2933,399-20.8%-41.6%
Gross profit margin%9.07.47.0
Effective tax rate%36.036.634.3
Net profit margin%3.92.52.0
* 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 grew 13.7% on a year-on-year (YoY) basis. The expenses were up by 16.2% YoY during the same period.
  • The company's operating profit declined by 12.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.0% in 1QFY20 as against 9.0% in 1QFY19.
  • Depreciation charges increased by 51.5% and finance costs increased by 55.2% YoY, respectively.
  • Other income increased by 22.5% YoY during the quarter.
  • Net profit for the quarter declined by 41.6% YoY. Net profit margins during the quarter declined from 3.9% in 1QFY19 to 2.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.9% QoQ during the same period.
  • The company's operating profit declined by 7.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.0% in 1QFY20 as against 7.4% in 4QFY19.
  • Net profit for the quarter declined by 20.8% QoQ, while net profit margins declined from 2.5% in 4QFY19 to 2.0% in 1QFY20.

To see how MOTHERSON SUMI has performed over the last eight quarters,please visit here.

MOTHERSON SUMI Share Price Performance

Over the last one year,MOTHERSON SUMI share price has moved down from Rs 200.3 to Rs 98.7, registering a Loss of Rs 101.7 or around 50.8%.

Overall, the S&P BSE SENSEX is down 1.4% over the year.

Current Valuations

At the current price of Rs 98.7, the price to earnings (P/E) ratio of MOTHERSON SUMI stands at 17.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

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