MOTHERSON SUMI Announces Quarterly Results (1QFY22); Net Profit Up 131.0%

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MOTHERSON SUMI Announces Quarterly Results (1QFY22); Net Profit Up 131.0%
Thu, 12 Aug

MOTHERSON SUMI has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

MOTHERSON SUMI Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m83,484169,719161,574-4.8%93.5%
Other incomeRs m4736161,548151.5%227.2%
TurnoverRs m83,957170,335163,121-4.2%94.3%
ExpensesRs m88,990152,496149,374-2.0%67.9%
Gross profitRs m-5,50717,22112,195-29.2%
DepreciationRs m6,9947,5687,513-0.7%7.4%
InterestRs m1,1011,3651,208-11.5%9.7%
Profit before taxRs m-13,1288,9045,022-43.6%
TaxRs m-1,9146561,548135.8%
Profit after taxRs m-11,2148,2473,475-57.9%
Gross profit margin%-6.610.17.5
Effective tax rate%14.67.430.8
Net profit margin%-13.44.82.1
* 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 93.5% on a year-on-year (YoY) basis. The expenses were up by 67.9% YoY during the same period.
  • The company's operating profit declined by 321.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.5% in 1QFY22 as against 6.6% in 1QFY21.
  • Depreciation charges increased by 7.4% and finance costs increased by 9.7% YoY, respectively.
  • Other income increased by 227.2% YoY during the quarter.
  • Net profit for the quarter increased by 131.0% YoY. Net profit margins during the quarter increased from -13.4% in 1QFY21 to 2.1% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.0% QoQ during the same period.
  • The company's operating profit declined by 29.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.5% in 1QFY22 as against 10.1% in 4QFY21.
  • Net profit for the quarter declined by 57.9% QoQ, while net profit margins declined from 4.8% in 4QFY21 to 2.1% in 1QFY22.

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

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MOTHERSON SUMI Share Price Performance

Over the last one year, MOTHERSON SUMI share price has moved up from Rs 116.9 to Rs 223.1, registering a Gain of Rs 106.2 or around 90.9%.

Overall, the S&P BSE SENSEX is up 43.5% over the year.

Current Valuations

At the current price of Rs 223.1, the price to earnings (P/E) ratio of MOTHERSON SUMI stands at 26.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.3 times.

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MOTHERSON SUMI Announces Quarterly Results (4QFY20); Net Profit Down 66.4% (Quarterly Result Update)

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For the quarter ended March 2020, MOTHERSON SUMI has posted a net profit of Rs 1 bn (down 66.4% YoY). Sales on the other hand came in at Rs 152 bn (down 11.7% YoY). Read on for a complete analysis of MOTHERSON SUMI's quarterly results.

MOTHERSON SUMI Announces Quarterly Results (3QFY20); Net Profit Down 39.4% (Quarterly Result Update)

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