MOTHERSON SUMI Announces Quarterly Results (3QFY19); Net Profit Up 0.3%

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MOTHERSON SUMI Announces Quarterly Results (3QFY19); Net Profit Up 0.3%
Fri, 15 Feb

MOTHERSON SUMI has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

MOTHERSON SUMI Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m143,979151,050164,7309.1%14.4%
Other incomeRs m15146361031.7%304.3%
TurnoverRs m144,129151,513165,3409.1%14.7%
ExpensesRs m132,121138,945150,7968.5%14.1%
Gross profitRs m11,83612,10513,93415.1%17.7%
DepreciationRs m3,2003,9845,71443.4%78.6%
InterestRs m1,0321,315882-33.0%-14.5%
Profit before taxRs m7,7567,2697,9489.3%2.5%
TaxRs m2,5162,5772,6934.5%7.0%
Profit after taxRs m5,2404,6935,25612.0%0.3%
Gross profit margin%8.28.08.5
Effective tax rate%32.435.433.9
Net profit margin%3.63.13.2
* 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 14.4% on a year-on-year (YoY) basis. The expenses were up by 14.1% YoY during the same period.
  • The company's operating profit increased by 17.7% YoY during the quarter. Consequently, operating profit margins remained same and stood at 8.5% in 3QFY19.
  • Depreciation charges increased by 78.6% and finance costs declined by 14.5% YoY, respectively.
  • Other income increased by 304.3% YoY during the quarter.
  • Net profit for the quarter increased by 0.3% YoY. Net profit margins during the quarter declined from 3.6% in 3QFY18 to 3.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.5% QoQ during the same period.
  • The company's operating profit increased by 15.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.5% in 3QFY19 as against 8.0% in 2QFY18.
  • Net profit for the quarter increased by 12.0% QoQ, while net profit margins increased from 3.1% in 2QFY18 to 3.2% in 3QFY19.

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 up from Rs 227.9 to Rs 130.0, registering a Loss of Rs 97.9 or around 43.0%.

Overall, the S&P BSE SENSEX is up 4.3% over the year.

Current Valuations

At the current price of Rs 130.0, the price to earnings (P/E) ratio of MOTHERSON SUMI stands at 17.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.2 times.

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