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

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MOTHERSON SUMI Announces Quarterly Results (3QFY20); Net Profit Down 39.4%
Mon, 17 Feb

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

MOTHERSON SUMI Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m164,730159,242156,611-1.7%-4.9%
Other incomeRs m610825783-5.1%28.3%
TurnoverRs m165,340160,067157,394-1.7%-4.8%
ExpensesRs m150,796146,052144,253-1.2%-4.3%
Gross profitRs m13,93413,19012,358-6.3%-11.3%
DepreciationRs m5,7146,5516,9385.9%21.4%
InterestRs m8821,2541,79142.9%103.2%
Profit before taxRs m7,9486,2114,412-29.0%-44.5%
TaxRs m2,6931,8691,227-34.4%-54.4%
Profit after taxRs m5,2564,3423,185-26.6%-39.4%
Gross profit margin%8.58.37.9
Effective tax rate%33.930.127.8
Net profit margin%3.22.72.0
* 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 fell 4.9% on a year-on-year (YoY) basis. The expenses were down by 4.3% YoY during the same period.
  • The company's operating profit declined by 11.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 7.9% in 3QFY20.
  • Depreciation charges increased by 21.4% and finance costs increased by 103.2% YoY, respectively.
  • Other income increased by 28.3% YoY during the quarter.
  • Net profit for the quarter declined by 39.4% YoY. Net profit margins during the quarter declined from 3.2% in 3QFY19 to 2.0% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.2% QoQ during the same period.
  • The company's operating profit declined by 6.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.9% in 3QFY20 as against 8.3% in 2QFY19.
  • Net profit for the quarter declined by 26.6% QoQ, while net profit margins declined from 2.7% in 2QFY19 to 2.0% in 3QFY20.

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 down from Rs 130.6 to Rs 122.9, registering a Loss of Rs 7.7 or around 5.9%.

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 122.9, the price to earnings (P/E) ratio of MOTHERSON SUMI stands at 25.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.5 times.

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