TECH MAHINDRA Announces Quarterly Results (2QFY21); Net Profit Down 4.3%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

TECH MAHINDRA Announces Quarterly Results (2QFY21); Net Profit Down 4.3%
Mon, 26 Oct

TECH MAHINDRA has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

TECH MAHINDRA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m90,69991,06393,7182.9%3.3%
Other incomeRs m2,1634,1611,175-71.8%-45.7%
TurnoverRs m92,86295,22494,893-0.3%2.2%
ExpensesRs m75,69078,05876,688-1.8%1.3%
Gross profitRs m15,00913,00517,03431.0%13.5%
DepreciationRs m3,4153,8323,717-3.0%8.8%
InterestRs m383503399-20.7%4.2%
Profit before taxRs m13,37412,83114,0939.8%5.4%
TaxRs m2,2653,2763,4625.7%52.8%
Profit after taxRs m11,1099,55510,63111.3%-4.3%
Gross profit margin%16.514.318.2
Effective tax rate%16.925.524.6
Net profit margin%12.010.011.2
* 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 3.3% on a year-on-year (YoY) basis. The expenses were up by 1.3% YoY during the same period.
  • The company's operating profit increased by 13.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.2% in 2QFY21 as against 16.5% in 2QFY20.
  • Depreciation charges increased by 8.8% and finance costs increased by 4.2% YoY, respectively.
  • Other income declined by 45.7% YoY during the quarter.
  • Net profit for the quarter declined by 4.3% YoY. Net profit margins during the quarter declined from 12.0% in 2QFY20 to 11.2% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.8% QoQ during the same period.
  • The company's operating profit increased by 31.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.2% in 2QFY21 as against 14.3% in 1QFY20.
  • Net profit for the quarter increased by 11.3% QoQ, while net profit margins increased from 10.0% in 1QFY20 to 11.2% in 2QFY21.

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

REVEALED: The Secret to potentially Making Rs 18,870, Rs 9,425 and Rs 7,315 in a Single Day...

TECH MAHINDRA Share Price Performance

Over the last one year, TECH MAHINDRA share price has moved up from Rs 720.4 to Rs 833.9, registering a Gain of Rs 113.5 or around 15.8%.

Meanwhile, the S&P BSE IT Index is trading at Rs 21,770.6 (up 0.2%). Over the last one year it has moved up from 14,574.2 to 21,770.6, a gain of 7,196 points (up 49.4%).

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 833.9, the price to earnings (P/E) ratio of TECH MAHINDRA stands at 21.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.7 times.

Equitymaster requests your view! Post a comment on "TECH MAHINDRA Announces Quarterly Results (2QFY21); Net Profit Down 4.3%". Click here!

  

Related Views on News

TECH MAHINDRA Announces Quarterly Results (3QFY21); Net Profit Up 16.1% (Quarterly Result Update)

Feb 1, 2021 | Updated on Feb 1, 2021

For the quarter ended December 2020, TECH MAHINDRA has posted a net profit of Rs 13 bn (up 16.1% YoY). Sales on the other hand came in at Rs 96 bn (down 0.1% YoY). Read on for a complete analysis of TECH MAHINDRA's quarterly results.

TECH MAHINDRA 2019-20 Annual Report Analysis (Annual Result Update)

Aug 7, 2020 | Updated on Aug 7, 2020

Here's an analysis of the annual report of TECH MAHINDRA for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of TECH MAHINDRA. Also includes updates on the valuation of TECH MAHINDRA.

TECH MAHINDRA Announces Quarterly Results (1QFY21); Net Profit Down 0.1% (Quarterly Result Update)

Jul 30, 2020 | Updated on Jul 30, 2020

For the quarter ended June 2020, TECH MAHINDRA has posted a net profit of Rs 10 bn (down 0.1% YoY). Sales on the other hand came in at Rs 91 bn (up 5.2% YoY). Read on for a complete analysis of TECH MAHINDRA's quarterly results.

TECH MAHINDRA 2018-19 Annual Report Analysis (Annual Result Update)

Jul 9, 2019 | Updated on Jul 9, 2019

Here's an analysis of the annual report of TECH MAHINDRA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of TECH MAHINDRA. Also includes updates on the valuation of TECH MAHINDRA.

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

Charge Your Portfolio with this Smallcap Proxy Play on India's EV Revolution(Profit Hunter)

Mar 5, 2021

This could be the biggest wealth creator of the decade.

Gold 65,000 and Silver 84,000 in 2022

Feb 26, 2021

In this episode of the Investor Hour, India's #1 trader, Vijay Bhambwani, talks to us about the stock market, his new targets for gold and silver, the best long-term investment opportunity, and a lot more.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

TECH MAHINDRA SHARE PRICE


Mar 9, 2021 10:28 AM

TRACK TECH MAHINDRA

  • Track your investment in TECH MAHINDRA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

TECH MAHINDRA 8-QTR ANALYSIS

COMPARE TECH MAHINDRA WITH

MARKET STATS