Capitaline

Consolidated net sales (including other operating income) of 3M India for the quarter ended Jun 2022 has increased 26.85% to Rs 943.6 crore. Operating profit margin has jumped from 6.44% to 12.34%, leading to 143.23% rise in operating profit to Rs 116.46 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 43.39% to 44.24%. Purchase of finished goods cost fell from 26.14% to 21.30%. Employee cost decreased from 11.91% to 10.27%. Other expenses fell from 12.74% to 12.59%. Other income rose 43.43% to Rs 11.46 crore. PBIDT rose 128.96% to Rs 127.92 crore. Provision for interest fell 6.90% to Rs 0.54 crore. PBDT rose 130.39% to Rs 127.38 crore. Provision for depreciation fell 3.32% to Rs 14.28 crore. Profit before tax grew 179.12% to Rs 113.10 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 28.84 crore, compared to Rs 10.42 crore. Effective tax rate was 25.50% compared to 25.72%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 179.93% to Rs 84.26 crore.

Sales of Safety & Industrial segment has gone up 8.17% to Rs 311.22 crore (accounting for 32.98% of total sales). Sales of Transportation & Electronics segment has gone up 54.17% to Rs 366.40 crore (accounting for 38.83% of total sales). Sales of Health Care segment rose 20.24% to Rs 156.40 crore (accounting for 16.57% of total sales). Sales of Consumer segment has gone up 25.33% to Rs 101.34 crore (accounting for 10.74% of total sales). Sales of Others segment has gone up 8.78% to Rs 8.24 crore (accounting for 0.87% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 208.67% to Rs 102.18 crore. PBIT of Safety & Industrial segment rose 722.95% to Rs 22.79 crore (accounting for 22.30% of total PBIT). PBIT of Transportation & Electronics reported profit of Rs 34.79 crore compared to loss of Rs 2.83 crore. PBIT of Health Care segment rose 20.54% to Rs 19.97 crore (accounting for 19.54% of total PBIT). PBIT of Consumer segment rose 63.59% to Rs 20.63 crore (accounting for 20.19% of total PBIT). PBIT of Others segment rose 0.51% to Rs 4.02 crore (accounting for 3.93% of total PBIT).
PBIT margin of Safety & Industrial segment rose from 0.96% to 7.32%. PBIT margin of Transportation & Electronics segment rose from negative 1.19% to 9.49%. PBIT margin of Health Care segment rose from 12.73% to 12.77%. PBIT margin of Consumer segment rose from 15.59% to 20.35%. PBIT margin of Others segment fell from 52.77% to 48.76%. Overall PBIT margin rose from 4.45% to 10.83%.

Promoters’ stake was 75.00% as of 30 June 2022 ,compared to 75.00% as of 30 June 2021 .

Quarter ended

Year ended

Particulars

202206

202106

Var.(%)

202203

202103

Var.(%)

Net Sales (including other operating income)

943.60

743.87

26.85

3,335.84

2,604.83

28.06

OPM (%)

12.34

6.44

591 bps

11.67

9.96

171 bps

116.46

47.88

143.23

389.24

259.49

50.00

Other Inc.

11.46

7.99

43.43

37.12

24.74

50.04

PBIDT

127.92

55.87

128.96

426.36

284.23

50.01

Interest

0.54

0.58

-6.90

3.72

2.45

51.84

PBDT

127.38

55.29

130.39

422.64

281.78

49.99

Depreciation

14.28

14.77

-3.32

55.12

61.85

-10.88

PBT

113.10

40.52

179.12

367.52

219.93

67.11

Share of Profit/(Loss) from Associates

PBT before EO

113.1

40.52

179.12

367.52

219.93

67.11

EO Income

PBT after EO

113.1

40.52

179.12

367.52

219.93

67.11

Taxation

28.84

10.42

176.78

95.55

57.55

66.03

PAT

84.26

30.1

179.93

271.97

162.38

67.49

Minority Interest (MI)

Net profit

84.26

30.1

179.93

271.97

162.38

67.49

P/(L) from discontinued operations net of tax

Net profit after discontinued operations

84.26

30.1

179.93

271.97

162.38

67.49

EPS (Rs)*

74.76

26.71

179.93

241.32

144.08

67.49

* EPS is on current equity of Rs 11.27 crore, Face value of Rs 10, Excluding extraordinary items.

# EPS is not annualised

bps : Basis points

EO : Extraordinary items

Figures in Rs crore

Source: Capitaline Corporate Database

Quarter ended

Year ended

% of (Total)

202206

202106

Var.(%)

% of (Total)

202203

202103

Var.(%)

Sales

Safety & Industrial

32.98

311.22

287.71

8.17

35.78

1,193.66

1,012.50

17.89

Transportation & Electronics

38.83

366.40

237.67

54.17

35.20

1,174.23

890.34

31.89

Health Care

16.57

156.40

130.07

20.24

16.55

552.12

362.01

52.52

Consumer

10.74

101.34

80.86

25.33

11.62

387.49

312.86

23.85

Others

0.87

8.24

7.57

8.78

0.85

28.34

27.13

4.46

Total Reported Sales

100.00

943.60

743.87

26.85

100.00

3,335.84

2,604.83

28.06

Less: Inter segment revenues

0.00

Net Sales

100.00

943.60

743.87

26.85

100.00

3,335.84

2,604.83

28.06

PBIT

Safety & Industrial

22.30

22.79

2.77

722.95

25.45

85.04

103.92

-18.17

Transportation & Electronics

34.04

34.79

-2.83

27.23

90.98

14.19

541.15

Health Care

19.54

19.97

16.56

20.54

20.33

67.92

30.47

122.90

Consumer

20.19

20.63

12.61

63.59

23.17

77.42

39.86

94.25

Others

3.93

4.02

4.00

0.51

3.82

12.77

9.20

38.77

Total PBIT

100.00

102.18

33.10

208.67

100.00

334.12

197.64

69.06

Less : Interest

0.54

0.58

-8.24

3.72

2.45

51.60

Add: Other un-allcoable

11.46

7.99

43.35

37.12

24.74

50.04

PBIT Margin(%)

Safety & Industrial

7.32

0.96

635.92

7.12

10.26

-313.94

Transportation & Electronics

9.49

-1.19

1,068.60

7.75

1.59

615.40

Health Care

12.77

12.73

3.15

12.30

8.42

388.43

Consumer

20.35

15.59

475.91

19.98

12.74

724.04

Others

48.76

52.77

-400.99

45.05

33.91

1,113.68

PBT

100.00

113.10

40.51

179.18

100.00

367.52

219.92

67.11