MAHINDRA LIFESPACE Announces Quarterly Results (2QFY20); Net Profit Up 1068.9%

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MAHINDRA LIFESPACE Announces Quarterly Results (2QFY20); Net Profit Up 1068.9%
Fri, 25 Oct

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

MAHINDRA LIFESPACE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m8021,0623,245205.5%304.6%
Other incomeRs m13714154-61.9%-60.7%
TurnoverRs m9391,2033,298174.2%251.4%
ExpensesRs m8221,0293,102201.5%277.2%
Gross profitRs m-2033142328.6%
DepreciationRs m102019-3.5%94.9%
InterestRs m4423245.3%-45.1%
Profit before taxRs m6313215316.3%142.9%
TaxRs m78217-67.6%-91.4%
Profit after taxRs m-1511114632.0%
Gross profit margin%-2.53.14.4
Effective tax rate%124.015.74.4
Net profit margin%-1.69.24.4
* 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 grew 304.6% on a year-on-year (YoY) basis. The expenses were up by 277.2% YoY during the same period.
  • The company's operating profit declined by 797.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.4% in 2QFY20 as against 2.5% in 2QFY19.
  • Depreciation charges increased by 94.9% and finance costs declined by 45.1% YoY, respectively.
  • Other income declined by 60.7% YoY during the quarter.
  • Net profit for the quarter increased by 1068.9% YoY. Net profit margins during the quarter increased from -1.6% in 2QFY19 to 4.4% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 205.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 201.5% QoQ during the same period.
  • The company's operating profit increased by 328.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.4% in 2QFY20 as against 3.1% in 1QFY19.
  • Net profit for the quarter increased by 32.0% QoQ, while net profit margins declined from 9.2% in 1QFY19 to 4.4% in 2QFY20.

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

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MAHINDRA LIFESPACE Share Price Performance

Over the last one year,MAHINDRA LIFESPACE share price has moved up from Rs 415.6 to Rs 418.2, registering a Gain of Rs 2.7 or around 0.6%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,021.7 (down 0.5%). Over the last one year it has moved up from 1,610.8 to 2,021.7, a gain of 411 points (up 25.5%).

Overall, the S&P BSE SENSEX is up 14.6% over the year.

Current Valuations

At the current price of Rs 418.2, the price to earnings (P/E) ratio of MAHINDRA LIFESPACE stands at 33.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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