Saturday, May 29, 2010

MAHINDRA AND MAHINDRA - FY10 - EXCELLENT RESULTS



Mahindra and Mahindra

FY10 VS FY09
RESULTS COMPARISON

CONSOLIDATED
RESULTS


Mahindra and Mahindra has produced another set of excellent results from the Auto Makers stable – after Maruti, TATA Motors and Bajaj.
Net Sales   have improved by 18.04% in FY10 to Rs,31172 Crores from Rs.26408 crores of FY 09.
Total Expenditure has also increased, but less than proportionately by c12.96% to Rs.26928 Crores from Rs.23839 crores in FY 09.
Consolidated Net Profit has jumped superbly by 76.36% to Rs.2479 Cr, from Rs.1405 Cr YOY.
Basic EPS has actually increased to Rs.45.08 on current year’s Face value of Rs.5 from Last year’s Rs.51.57 on a face value of Rs.10.
It is indeed an excellent performance in FY10.


FY10(lakhs)
Diff%Age
Net Sales
3117235
2640826
18.04
Other Oprtg Income
39619
34809
13.82
SIT & WIP
2550
18025
-85.85
Raw Materials
1415994
1196026
18.39
Traded goods
108247
92328
17.24
Employees Cost
458255
427486
7.2
Depreciation
87352
74933
16.57
Other Expenditure
620443
575116
7.88
Total Expenditure
2692841
2383914
12.96
Other Income
11943
16346
-26.94
Interest
97983
75016
30.62
Exceptional items
-25023
7639
-427.57
Tax Expense
115420
54217
112.89
Extraordinary Items
427
636
-32.86
Net Profit
287149
170559
68.36
Minority Interest
41256
31145
32.46
Shares of Associates
-1963
-1127
74.18
Consolidated Net Profit
247856
140541
76.36
Dividend (%)
-
-
Face Value (in Rs.)
5
10
-50
Paid-up Equity
28295
27262
3.79
Reserves
989365
675775
46.4
Basic EPS( Rs.)
45.08
51.57
-12.58
Diluted EPS(Rs.)
42.17
48.27
-12.64



NON-CONSOLIDATED

Net Sales on a stand alone basis has improved to by 42.1 percent YOY to Rs.18452 crores from Rs.12985 crores of last year.
Total Expenditure has increased less than proportionately by 30.3% to Rs.16018 Crores from Rs.12293 Crores YOY.
Net Profit has risen by a whopping 140.66% YOY to Rs.2088 Crores from last year’s Rs.868 Crores.
Basic EPS has risen to Rs.37.97 on current year’s face value of Rs.5/- from Rs.30.7 on  last year’s face value of Rs.10/-.
Dividend has been enhanced to 190% from last year’s 100%.


FY10(lakhs)
Diff%Age
Net Sales
1845202
1298525
42.1
Other Oprtg Income
15009
10843
38.42
SIT % WIP
-2369
15629
-115.16
Raw Materials
1169556
877179
33.33
Traded goods
66105
34615
90.97
Employees Cost
119847
102461
16.97
Depreciation
37078
29151
27.19
Other Expenditure
211548
170221
24.28
Total Expenditure
1601765
1229256
30.3
Other Income
19935
27034
-26.26
Interest
2781
4526
-38.56
Exceptional items
-9075
-1027
783.64
Tax Expense
75900
19969
280.09
Extraordinary Items
-
-3073
Net Profit
208775
86751
140.66
Dividend (%)
190
100
90
Face Value (in Rs.)
5
10
-50
Paid-up Equity
28295
27262
3.79
Reserves
753215
497737
51.33
Basic EPS(Rs.)
37.97
30.7
23.68
Diluted EPS(Rs.)
35.61
28.98
22.88



QUATERLY RESULTS

The quarterly results reflect increasing trend of Net sales through out the 4 quarters of FY 10. EPS also reflects healthy growth in FY10 in all quarters.


Mar-10
9-Dec
9-Sep
9-Jun
Mar-10
Net Sales
527886
447870
446500
422946
361918
Total Expdr
455379
392597
381578
372211
318640
Net Profit
57026
41370
70294
40085
41807
Dividend (%)
190
-
-
-
100
Face Value
5
10
10
10
10
PaidUp Equity
28295
27356
27336
27298
27262
Reserves
-
-
-
-
-
Basic EPS
10.17
15.12
25.73
14.7
15.34
Diluted EPS
9.57
14.21
24.01
13.85
10.81


ANNOUNCEMENTS
TO THE EXCHANGE

29-05-2010        Mahindra & Mahindra Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 29, 2010 have recommended a Dividend of Rs. 8.75 (175%) per Ordinary (Equity) Share and also a Special Dividend of Rs. 0.75 (15%) per Ordinary (Equity) Share aggregating Rs. 9.50 (190%) per Ordinary (Equity) Share of the face value of Rs. 5 each. The Special Dividend is being recommended in the light of the very successful listing of Mahindra Holidays & Resort India Limited Equity Shares on the Stock Exchange.         -
29-05-2010        Mahindra & Mahindra Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 527886 lacs for quarter ending on 31-MAR-2010 against Rs. 361918 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 57026 lacs for the quarter ending on 31-MAR-2010 against Rs. 41807 lacs for the quarter ending on 31-MAR-2009.      -
29-05-2010        Mahindra & Mahindra Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 3117235 lacs for year ending on 31-MAR-2010 against Rs. 2640826 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 247856 lacs for the year ending on 31-MAR-2010 against Rs. 140541 lacs for the year ending on 31-MAR-2009.     -
29-05-2010        Mahindra & Mahindra Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1845202 lacs for year ending on 31-MAR-2010 against Rs. 1298525 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 208775 lacs for the year ending on 31-MAR-2010 against Rs. 86751 lacs for the year ending on 31-MAR-2009.       -
26-05-2010        Mahindra & Mahindra Limited has informed the Exchange regarding a press release dated May 26, 2010, titled "Mahindra enters high growth electric car segment; acquires majority stake in REVA".
16-04-2010        Mahindra & Mahindra Ltd. has informed the Exchange regarding a press release dated April 16, 2010, titled " M&M and Renault announce restructuring of their JV Mahindra Renault Pvt. Ltd. (MRPL)". A copy of the press release shall be available on the NSE website http://www.nseindia.com) under: Corporates > Latest announcements and on the Extranet Server (/Common/Corporate Announcements).
31-03-2010        Mahindra & Mahindra Ltd. has informed the Exchange that the Board of Director of the Company at its Meeting held on March 30, 2010 have approved a Scheme of Arrangement between Mahindra Shubhlabh Services Limited, a subsidiary ("MSSL") and Mahindra & Mahindra Limited ("the Company") and their respective Shareholders and Creditors which inter alia envisages demerger of the Agri Inputs Business along with other common assets and liabilities ("Non Fruit business") of MSSL into the Company and other consequential matters under the provisions of Sections 391 to 394 of the Companies Act, 1956. The Company directly or indirectly, holds about 83.05% of the Equity Share Capital of MSSL. The Scheme is subject to the consent of the requisite majority as the case may be of the Shareholders and/or Creditors of the Company and MSSL as may be directed and sanction of the Scheme by the Honourable High Court of Judicature at Bombay. The salient features of the proposed Scheme shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

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