MAHINDRA HOLIDAYS Announces Quarterly Results (1QFY21); Net Profit Up 47.4%

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MAHINDRA HOLIDAYS Announces Quarterly Results (1QFY21); Net Profit Up 47.4%
Mon, 24 Aug

MAHINDRA HOLIDAYS has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

MAHINDRA HOLIDAYS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m2,5052,4071,770-26.5%-29.4%
Other incomeRs m14314819531.1%36.4%
TurnoverRs m2,6482,5551,965-23.1%-25.8%
ExpensesRs m2,0811,9701,313-33.4%-36.9%
Gross profitRs m4254374574.7%7.6%
DepreciationRs m241258253-1.6%5.1%
InterestRs m413736-4.2%-13.9%
Profit before taxRs m28529136324.9%27.3%
TaxRs m1041,98395-95.2%-8.0%
Profit after taxRs m182-1,69226847.4%
Gross profit margin%17.018.125.8
Effective tax rate%36.3682.426.3
Net profit margin%6.9-66.213.6
* 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 29.4% on a year-on-year (YoY) basis. The expenses were down by 36.9% YoY during the same period.
  • The company's operating profit increased by 7.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.8% in 1QFY21 as against 17.0% in 1QFY20.
  • Depreciation charges increased by 5.1% and finance costs declined by 13.9% YoY, respectively.
  • Other income increased by 36.4% YoY during the quarter.
  • Net profit for the quarter increased by 47.4% YoY. Net profit margins during the quarter increased from 6.9% in 1QFY20 to 13.6% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 26.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 33.4% QoQ during the same period.
  • The company's operating profit increased by 4.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.8% in 1QFY21 as against 18.1% in 4QFY20.
  • Net profit for the quarter increased by 115.8% QoQ, while net profit margins increased from -66.2% in 4QFY20 to 13.6% in 1QFY21.

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

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MAHINDRA HOLIDAYS Share Price Performance

Over the last one year,MAHINDRA HOLIDAYS share price has moved down from Rs 211.8 to Rs 187.0, registering a Loss of Rs 24.8 or around 11.7%.

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 187.0, the price to book value (P/BV) ratio of MAHINDRA HOLIDAYS stands at 5.9 times.

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