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MAHINDRA LIFESPACE Announces Quarterly Results (2QFY19); Net Profit Down 114.1%

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MAHINDRA LIFESPACE Announces Quarterly Results (2QFY19); Net Profit Down 114.1%
Fri, 9 Nov

MAHINDRA LIFESPACE has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

MAHINDRA LIFESPACE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,0001,540802-47.9%-19.8%
Other incomeRs m291218137-37.3%-53.1%
TurnoverRs m1,2911,758939-46.6%-27.3%
ExpensesRs m1,0221,377822-40.3%-19.5%
Gross profitRs m-22162-20-112.6%
DepreciationRs m1181019.5%-9.3%
InterestRs m654544-2.7%-32.7%
Profit before taxRs m19532863-80.8%-67.6%
TaxRs m8710678-26.5%-10.6%
Profit after taxRs m107221-15-106.8%-114.1%
Gross profit margin%-2.210.5-2.5
Effective tax rate%44.932.5124.0
Net profit margin%8.312.6-1.6
* 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 19.8% on a year-on-year (YoY) basis. The expenses were down by 19.5% YoY during the same period.
  • The company's operating profit declined by 5.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.5% in 2QFY19 as against 2.2% in 2QFY18.
  • Depreciation charges declined by 9.3% and finance costs declined by 32.7% YoY, respectively.
  • Other income declined by 53.1% YoY during the quarter.
  • Net profit for the quarter declined by 114.1% YoY. Net profit margins during the quarter declined from 8.3% in 2QFY18 to -1.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 47.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 40.3% QoQ during the same period.
  • The company's operating profit declined by 112.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.5% in 2QFY19 as against 10.5% in 1QFY18.
  • Net profit for the quarter declined by 106.8% QoQ, while net profit margins declined from 12.6% in 1QFY18 to -1.6% in 2QFY19.

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 up from Rs 430.7 to Rs 414.7, registering a Loss of Rs 16.0 or around 3.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,756.1 (down 0.6%). Over the last one year it has moved down from 2,308.0 to 1,756.1, a gain of 552 points (down 23.9%).

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 414.7, the price to earnings (P/E) ratio of MAHINDRA LIFESPACE stands at 27.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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