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3M India Limited Mar-23 Quarter (3M India), Revenue surge by 5.3% to Rs.1046 Crore and Profit soars by 8.7% to Rs.136 Crore

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3M India, has announced a revenue of Rs.1046 Crore, which has grows by 5.3% as compared to previous quarter revenue of Rs.993.0341 Crore.                                                  

                                                           

The Major Segments have been, HEALTHCARE and SAFETY & INDUSTRIAL. The share of each major segments are HEALTHCARE : 173.2166 Crore [16.6%] and SAFETY & INDUSTRIAL : 338.6732 Crore [32.4%]. The change in segment revenue of HEALTHCARE segment zooms by 6.3% and SAFETY & INDUSTRIAL segment soars by 2.8% during the quarter.                                                          



On analysis, it is observed that EBITDA (Operating Profit) Margin has nearly remains regular to 18.6% from 17.2% . The reason for the nearly similar of EBITDA Margin is due to,                                                     


a) Cost to Revenue % of Cost of Sales has slighly changes to 60.8% (Previous Quarter: 60.9%). Cost of Sales has nearly remains uniform from Rs.605 Crore to 636 Crore.                                                      


b) Cost to Revenue % of Employee Cost has dwindle to 9.3% (Previous Quarter: 9.8%). Employee Cost has lessen from Rs.97 Crore to 96.51 Crore.                                                         

 

c) Cost to Revenue % of Other Expenses has slides to 11.3% (Previous Quarter: 12.1%). Other Expenses has shrinks from Rs.120 Crore to 119 Crore.                                                          

                                                           

The finance cost has increases sharply from Rs.1 Crore to 6 Crore by 500%




 

On an annual basis, the company has clocked revenue of Rs. 3959 Crore. It has flies by 18.7% from previous financial year revenue of Rs. 3336 Crore.                                                          

                                                           

Profit has skies to Rs.451 Crore from Rs.272 Crore, a year ago. Net Profit After Tax Margin has soars from 8.2% to 11.4%. Primary reason that profit has skies during the year is due:                                                         


a) Cost to Revenue % of Cost of Sales has nearly maintains to 62.1% (Previous Year: 62.7%). In Absolute, Cost of Sales has risen from Rs.2091 Crore to 2460 Crore.

                                                           

b) Cost to Revenue % of Employee Cost has turndowns to 10.1% (Previous Year: 11.6%). In Absolute, Employee Cost has elevated from Rs.388 Crore to 400 Crore.                                                   


c) Cost to Revenue % of Other Expenses has diminish to 12.5% (Previous Year: 14.0%). In Absolute, Other Expenses has increase from Rs.468 Crore to 494 Crore.                                                 


The finance cost during the year has skies from Rs.4 Crore to 7 Crore by 95.4%                                                         

Price to Earning (PE) ratio of the company is 69.24 as compared to the Industry PE of . High PE signifies that there can be scope of correction in prices in future, unless market estimates high growth in the company. Companies Return on Equity (ROE) is 26.9% and Return of Capital Employed (ROCE) is 36.6%                                                 

 

Company has in the past four years reflected a Compounded Annual Growth Rate (CAGR) in Revenue of 23.3% and a CAGR in profit of the past four years of 66.7% .

 

The Brief of Quarterly Results is as follows:   

                                                       

Disclaimer : The information and analysis of financial results or financial statements are purely informative in nature and shall not be consider as any form of investment or any other sort of advice to buy / sell / hold any stock , units or any other financial instruments or advice to make any other form of decision whatsoever.

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