Motherson Sumi Systems Ltd. has declared the results of Q2 FY16

Company has posted better returns than what was expected. On the consolidated basis, the company has reported 104.4 % & 8% rise in net profit and 157.6% & 4.4% rise in Profit after tax for the quarter ended September 30, 2015 as compared to for the same quarter in the previous year (Q2 FY15) and for the last quarter (Q1 FY16). Net Revenues (consolidated) of the company has increased by 14.1% and marginally decreased by 2.3% for quarter under review as compared to the quarter ended September, 2014 and June, 2015 respectively. These extraordinary results were also due to drastic drop in exceptional expenses.

Exceptional expenses are not ordinary expenses and occur rarely and have no impact in future earnings. So we have filtered those effects. Excluding exceptional expenses, Net profit and Profit after tax grew by 63.5% on Y-o-Y basis, which are much better than both industry and its own past performance.

Latest Key Indicators of the stock are as follows:

Key Market Indicators (Consolidated)
Latest Date 05-Nov-2015
Latest Price (Rs) 242.50
Previous Close (Rs) 243.30
1 Day Price Var% -0.33
1 Year Price Var% -14.65
52 Week High (Rs) 395.85
52 Week Low (Rs) 217.30
Beta 1.14
Face Value (Rs) 1.00
Industry PE 23.94
TTM Period 201506
TTM EPS(Rs) 7.29
TTM CEPS(Rs) 17.70
Price/TTM CEPS(x) 13.70
TTM PE (x) 33.26
Price/BV(x) 8.61
EV/TTM EBIDTA(x) 10.55
EV/TTM Sales(x) 1.00
Dividend Yield% 0.82
MCap/TTM Sales(x) 0.91
Latest Book Value (Rs) 28.16
Market Cap (Rs. In Crores) 32078.57
EV (Rs. In Crores) 35317.27
Latest no. of shares (In Crores) 132.28

 

 

Comparison of quarterly results with previous quarter (Q-o-Q) and the same quarter of last year (Y-o-Y) is below:

DESCRIPTION Sep-15 Sep-14 Var% Jun-15 Var%
Net Sales 9,037 7,922 14.1 9,252 -2.3
Other operating income 160 95 69.5 133 20.4
Net Sales & Other Operating Income 9,198 8,017 14.7 9,385 -2.0
Total Expenditure 8,301 7,308 13.6 8,554 -3.0
PBIDT (Excl OI) 896 709 26.4 831 7.9
Other Income 5 5 8.8 27 -80.5
Operating Profit 901 714 26.3 858 5.1
Interest 65 96 -32.1 68 -4.9
Exceptional Items -2 -124   -25  
PBDT 834 494 68.9 765 9.0
Depreciation 270 237 13.9 235 15.0
PBT 564 257 119.5 530 6.4
Tax 182 109 67.4 164 10.9
Profit After Tax 382 148 157.6 367 4.4
           
Profit After Tax (Excluding Exceptional Items) 384 220.56 74.2 383 0.2
           
Minority Interest -96 -44.11 -116.6 -101 -5.1
Shares of Associates 0 0.07 -185.7 0 -14.3
Net Profit 287 104.44 174.7 266 8.0
           
Net Profit (Excluding Exceptional Items) 289 176.52 63.5 283 2.1
           
Adj EPS 2.17 0.79 174.68 2.14 1.4
           
Adj. EPS (Excluding Exceptional Items) 2.18 1.33 64.0 3.21 -32.0
           
PBIDTM% (Excl OI) 9.74 8.84 10.2 8.85 10.1
PBIDTM% 9.80 8.90 10.1 9.14 7.2
PBDTM% 9.07 6.16 47.2 8.15 11.3
PBTM% 6.13 3.21 91.3 5.65 8.5
PATM% 4.16 1.85 124.5 3.91 6.4
           
PATM% (Excluding Exceptional Items) 4.25 2.78 52.7 4.14 2.6

 

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