MAHINDRA LIFESPACE Announces Quarterly Results (1QFY20); Net Profit Down 49.9%

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MAHINDRA LIFESPACE Announces Quarterly Results (1QFY20); Net Profit Down 49.9%
Mon, 29 Jul

MAHINDRA LIFESPACE has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

MAHINDRA LIFESPACE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,5402,3431,062-54.7%-31.0%
Other incomeRs m21812614111.7%-35.4%
TurnoverRs m1,7582,4691,203-51.3%-31.6%
ExpensesRs m1,3772,2611,029-54.5%-25.3%
Gross profitRs m1628133-59.2%-79.6%
DepreciationRs m81020106.3%141.5%
InterestRs m45172334.3%-49.2%
Profit before taxRs m328181132-27.3%-59.8%
TaxRs m1063721-43.3%-80.5%
Profit after taxRs m221145111-23.3%-49.9%
Gross profit margin%10.53.53.1
Effective tax rate%32.520.215.7
Net profit margin%12.65.99.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 31.0% on a year-on-year (YoY) basis. The expenses were down by 25.3% YoY during the same period.
  • The company's operating profit declined by 79.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.1% in 1QFY20 as against 10.5% in 1QFY19.
  • Depreciation charges increased by 141.5% and finance costs declined by 49.2% YoY, respectively.
  • Other income declined by 35.4% YoY during the quarter.
  • Net profit for the quarter declined by 49.9% YoY. Net profit margins during the quarter declined from 12.6% in 1QFY19 to 9.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 54.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 54.5% QoQ during the same period.
  • The company's operating profit declined by 59.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.1% in 1QFY20 as against 3.5% in 4QFY19.
  • Net profit for the quarter declined by 23.3% QoQ, while net profit margins increased from 5.8% in 4QFY19 to 9.2% in 1QFY20.

To see how MAHINDRA LIFESPACE has performed over the last eight quarters,please visit here.

MAHINDRA LIFESPACE Share Price Performance

Over the last one year,MAHINDRA LIFESPACE share price has moved down from Rs 567.7 to Rs 378.0, registering a Loss of Rs 189.7 or around 33.4%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,100.1 (down 0.7%). Over the last one year it has moved up from 2,068.3 to 2,100.1, a gain of 32 points (up 1.5%).

Overall, the S&P BSE SENSEX is up 2.3% over the year.

Current Valuations

At the current price of Rs 378.0, the price to earnings (P/E) ratio of MAHINDRA LIFESPACE stands at 44.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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