Mahindra & Mahindra Limited
NSE Symbol M&M
MAHINDRA AND MAHINDRA has declared reasonably good results for the third quarter ending December, 2010.
Net Sales is Rs.6074.46 cr – up by 14.37% from previous qtr of q2 fy 11; and up by 35.63% from the corresponding qtr of previous year ,Q3 FY 10.
Total Expenditure is Rs. 5299.51 cr – up by 14.3% from Q2 FY 11; and up 34.99% from Q3 FY 10.
Profit from Operations is Rs.821.58 cr – up by 2.96% from Q2 FY 11; and up by 43.85% from Q3 FY 10.
Profit before tax is Rs.983.64 cr – down by 2.3% from Q2 FY 11; and up by 67.49% from Q3 FY 10.
Net Profit is Rs.734.68 cr – down by 3.14% from Q2 FY 11; and up by 77.59% from 3 FY 10.
Basic EPS is Rs.12.59 for Q3 FY 11- against Rs.13.36 in Q2 FY 11; and Rs.9.94 in Q1 FY 11; and Rs.15.12 in Q3 FY 10.
Thus, YOY, the performance of M&M is quite healthy, QOQ, there is a slight reduction. Considering the various plans of the company – its future prospects appear to be very good.
RESULTS TABLE –Stand Alone
| M & M | 31-Dec-10 | 30-Sep-10 | 30-Jun-10 | 31-Mar-10 | 31-Dec-09 |
| Net Sales | 607446 | 531126 | 512417 | 527886 | 447870 |
| Net Sales | 607446 | 14.37 | 18.55 | 15.07 | 35.63 |
| Other Operating Income | 4663 | 12310 | 3593 | 2577 | 1842 |
| Incre./decre. in SIT / WIP | 3237 | -24075 | 6943 | 17826 | 4747 |
| Raw Materials | 377735 | 354124 | 325279 | 312098 | 284363 |
| Traded Goods | 42607 | 34890 | 26828 | 28529 | 12285 |
| Employees Cost | 34753 | 35824 | 31370 | 26612 | 32996 |
| Depreciation | 10218 | 9700 | 9762 | 9474 | 9836 |
| Other Expenditure | 61401 | 53176 | 48032 | 60840 | 48370 |
| Total Expenditure | 529951 | 463639 | 448214 | 455379 | 392597 |
| Total Expenditure | 529951 | 14.3 | 18.24 | 16.38 | 34.99 |
| Profit from Operations | 82158 | 79797 | 67796 | 75084 | 57115 |
| Profit from Operations | 82158 | 2.96 | 21.18 | 9.42 | 43.85 |
| Other Income | 4187 | 19977 | 2048 | 1812 | 2435 |
| Interest | -271 | -905 | -2270 | 90 | 820 |
| Exceptional Items7 | -11748 | - | - | - | - |
| Profit before tax | 98364 | 100679 | 72114 | 76806 | 58730 |
| Profit before tax | 98364 | -2.3 | 36.4 | 28.07 | 67.49 |
| Tax expense | 24896 | 24830 | 15875 | 19780 | 17360 |
| Net Profit | 73468 | 75849 | 56239 | 57026 | 41370 |
| Net Profit | 73468 | -3.14 | 30.64 | 28.83 | 77.59 |
| Dividend (%) | - | - | - | 190 | - |
| Face Value (In Rs | 5 | 5 | 5 | 5 | 10 |
| Paid Up Equity | 29356 | 28522 | 28305 | 28295 | 27356 |
| Basic EPS | 12.59 | 13.36 | 9.94 | 10.17 | 15.12 |
| Diluted EPS | 12.28 | 12.69 | 9.43 | 9.57 | 14.21 |
| Public Holding (%) | 71.65 | 69.13 | 68.51 | 68.49 | 67.11 |
ANNOUNCEMENTS TO THE NSE
07-03-2011 Mahindra & Mahindra Limited has informed the Exchange regarding a press release dated March 07, 2011, titled "Production back to normal after one day illegal strike at Mahindra Nasik Plant".
07-03-2011 Mahindra & Mahindra Limited has informed the Exchange that the workmen at the Nasik Plant of the Automotive Sector of the Company had resorted to a one day illegal tool down strike on Sunday to press for their demands of wage increase for a section of 1/3rd of the workmen. The Management is confident that the loss of production will be made good soon. The Company does not expect any material impact in the short term on sales volume. Production in all shops of the plant is back to normal from March 07, 2011. -
10-02-2011 Mahindra & Mahindra Limited has informed the Exchange regarding a press release dated February 09, 2011, titled "Mahindra announces entry into Micro Irrigation Business".
09-02-2011 Mahindra & Mahindra Limited has informed the Exchange regarding a press release dated February 09, 2011, titled "M&M's PAT grows by 49% in Q3".
09-02-2011 Mahindra & Mahindra Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 607446 lacs for quarter ending on 31-DEC-2010 against Rs. 447870 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 73468 lacs for the quarter ending on 31-DEC-2010 against Rs. 41370 lacs for the quarter ending on 31-DEC-2009. -
28-01-2011 Mahindra & Mahindra Limited has informed the Exchange regarding a press release dated January 28, 2011, titled "Ssangyong Motors Granted Final Approval of Amended Rehabilitation Plan".
27-01-2011 Mahindra & Mahindra Limited has informed the Exchange regarding a press release dated January 27, 2011, titled "Mahindra launches 'Genio' - India's Next Generation Pick Up".
24-01-2011 Mahindra & Mahindra Limited has informed the Exchange regarding a press release dated January 24, 2011, titled "Mahindra Group buys strategic stake in The East India Company".
17-01-2011 Mahindra & Mahindra Limited has informed the Exchange regarding a press release dated January 17, 2011, titled "Mahindra unveils new brand position - 'Rise'."
21-12-2010 Mahindra & Mahindra Limited has informed the Exchange regarding a press release dated December 21, 2010, titled "Mahindra launches its Off-roader, the Thar, in India".
26-11-2010 Mahindra & Mahindra Limited has informed the Exchange that pursuant to a proposal received from British Telecommunications plc ("BT"), Mahindra & Mahindra Limited ("M&M") has agreed : (1) To acquire upto 5.5% of the equity shares of Tech Mahindra Limited ("TM") from BT over time through an inter-se transfer amongst qualifying promoters at a market related price in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and the rules of the stock exchanges, as may be applicable; and (2) To grant BT a waiver of M&M's pre-emption rights under the Shareholders' Agreement between M&M, TM and BT for the balance of BT's shareholding in TM which M&M has not agreed to acquire, subject to certain conditions. M&M and BT have also agreed that, as and when such balance shareholding of BT in TM falls below 10% of TM's issued share capital, the Shareholders' Agreement between M&M, TM and BT will automatically terminate. M&M has also agreed to consider any further proposals that may be received from BT from time to time in this regard.
23-11-2010 a press release dated November 23, 2010, titled "Ssangyong Motor and Mahindra Sign Definitive Agreement".
18-11-2010 a Copy of the Resolution passed by the Equity Shareholders at the Court Convened Meeting held on October 29, 2010 approving the arrangement, embodied in the Scheme of Arrangement between Mahindra Shubhlabh Services Limited ("Demerged Company") and Mahindra and Mahindra Limited ("Applicant Company" / " Resulting Company") and their respective Shareholders.
03-11-2010 at the Court Convened Meeting of Equity Shareholders of the Company held on October 29, 2010, a poll was conducted for the purposes of considering and, if thought fit, approving with or without modifications(s), the arrangement, embodied in the Scheme of Arrangement between Mahindra Shubhlabh Services Limited ("Demerged Company") and Mahindra and Mahindra Limited ("Applicant Company"/"Resulting Company") and their respective Shareholders. Further, at the Meeting, the Scheme has been approved with an overwhelming majority in number and value (99.99%), by the Equity Shareholders present at the Meeting and voting in person or by proxy. -
29-10-2010 Mahindra & Mahindra Limited has informed the Exchange regarding a press release vide its letter dated October 29, 2010, titled "M&M's 2nd Quarter PBT crosses Rs 1000 crores".
29-10-2010 standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 531126 lacs for quarter ending on 30-SEP-2010 against Rs. 446500 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 75849 lacs for the quarter ending on 30-SEP-2010 against Rs. 70294 lacs for the quarter ending on 30-SEP-2009. -
23-08-2010 press release dated August 23, 2010 , titled "Mahindra & Mahindra signs MoU with Ssangyong Motor Company Strategic acquisition to make Mahindra & SYMC a combined force in the global SUV space".
12-08-2010 Mahindra & Mahindra Limited has informed the Exchange regarding a press release dated August 12, 2010 , titled "M&M wins bid for acquisition of South Korean SUV giant - Ssangyong Motor Company, Declared preferred bidder".
12-08-2010 Company has been selected on August 12, 2010 as the "Preferred Bidder" for acquiring Ssangyong Motor Company Limited ("SYMC"). The Preferred Bidder status would require the Company to enter into a Memorandum of Understanding, followed by a confirmatory due diligence process and singing of Definitive Agreements thereafter.
09-08-2010 Board of Directors of the Company at their meeting held on August 07, 2010 have authorised submission of a binding bid to acquire a majority stake in Ssangyong Motors Company Limited, South Korea. -
28-07-2010 Board of Directors of the Company at its Meeting held on July 28, 2010 deliberated on the potential bid for Ssangyong Motors Company Limited, South Korea. The Company is awaiting some additional information and a decision will be taken on a date closer to the date of the final bid.
28-07-2010 press release dated July 28, 2010 , titled "M&M 1st Quarter PAT up 40%".
28-07-2010 standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 512417 lacs for quarter ending on 30-JUN-2010 against Rs. 422946 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 56239 lacs for the quarter ending on 30-JUN-2010 against Rs. 40085 lacs for the quarter ending on 30-JUN-2009. -
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