Results     27-May-17
Analysis
3M India
PAT increased 41% in Q4 FY17
Related Tables
 3M India: ResultsĀ 
 3M India: Segment Results
For March 2017 quarter, the net sales have increased 11% Y-o-Y to Rs 623.91 crore. All segments showed good growth. The OPM inclined by 449 bps to 21.7%. The PAT increased by 41% to Rs 90.39 crore due to rise in sales, OPM and other income.

Performance for the quarter ended March 2017

The net sales have increased 11% Y-o-Y to Rs 623.91 crore. All segments showed good growth. The OPM inclined by 449 bps to 21.7% due to decrease in purchase of stock in trade, other expenditure and employee cost to adjusted net sales. The operating profit grew by 40% to Rs 135.62 crore.

The other income has increased by 143% to Rs 15.59 crore. The depreciation charges decreased by 8% to Rs 11.46 crore. The PBT has increased by 55% to Rs 138.44 crore. The tax outgo decreased by 91% to Rs 48.05 crore. The effective tax rate increased from 28.1% to 34.7% Y-o-Y. The PAT increased by 41% to Rs 90.39 crore due to rise in sales, OPM and other income.

Performance for year ended March 2017

The net sales have increased 10% Y-o-Y to Rs 2362.98 crore. The OPM declined by 12bps to 15.6%. The operating profit grew by 10% to Rs 368.77 crore.

The other income has increased by 177% to Rs 49.47 crore . The depreciation charges decreased by 4% to Rs 46.75 crore. The PBT has increased by 22% to Rs 369.22 crore. The tax outgo increased by19% to Rs 128.46 crore. The effective tax rate came down from 35.74% to 34.79% Y-o-Y. The PAT increased by 24% to Rs 240.76 crore.

Segment Results for quarter

Industrial

For Q4, the revenue was up 11% Y-o-Y to Rs 277.10 crore, while the PBIT margin inclined by 530 bps to 20.57% resulting in 50% decrease in the PBIT to Rs 57.01 crore.

For FY17, the revenue was up 10% Y-o-Y to Rs 1057.7 crore, while the PBIT margin declined by 50bps to 14.09%. PBIT has increased by 6% to Rs 149.07 crore.

Health Care

For Q4, the revenue has increased by 7% to Rs 92.60 crore. The PBIT margin inclined by 690 bps 18.47%. PBIT increased by 70% to Rs 17.10 crore.

For FY17, the revenue has increased by 15% to Rs 373.55 crore. The PBIT margin inclined by 233 bps to 14.09% resulting in rise in segmental PBIT by 38% to Rs 52.65 crore.

Safety & Graphics

For Q4, the revenue was up by 21% Y-o-Y to Rs 174.79 crore. The PBIT margin inclined by 626 bps to 15.13%. PBIT increased by106% to Rs 26.44 crore.

For FY17, the revenue was up by 14% Y-o-Y to Rs 615.34 crore. The PBIT margin inclined by 155 bps to 7.89%. PBIT increased by 42% to Rs 48.56 crore.

Consumer

For Q4, the revenue was up by 9% Y-o-Y to Rs 61.18 crore, while the PBIT margin inclined by 552 bps to 18.54%. The PBIT increased by 51% to Rs 11.34 crore.

For FY17, the revenue was up by 11% Y-o-Y to Rs 249.15 crore. The PBIT margin declined by 36 bps to 14.17%. PBIT increased by 8% to Rs 35.30 crore.

Energy

For Q4, the revenue increased by 28% Y-o-Y to Rs 39.31 crore, The PBIT margin declined by 1085bps to 25.69%. PBIT decreased by 10% to Rs 10.10 crore.

For FY17, the revenue increased by 5% Y-o-Y to Rs 133.48 crore. The PBIT margin declined by 563bps to 18.73%. PBIT decreased by 19% to Rs 25.01 crore.

Others

For Q4, the revenue was down by 80% Y-o-Y to Rs 3.31 crore, PBIT decreased by 75% to Rs 0.86 crore.

For FY17, the revenue decreased by 39% Y-o-Y to Rs 28.63 crore. PBIT increased by 4% to Rs 9.16 crore.

Promoters Holding

The promoters holding stands at 75%.

The shares of the company are currently quoting at around Rs 14029

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