MAHINDRA HOLIDAYS Announces Quarterly Results (2QFY22); Net Profit Up 107.9%

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MAHINDRA HOLIDAYS Announces Quarterly Results (2QFY22); Net Profit Up 107.9%
Tue, 26 Oct

MAHINDRA HOLIDAYS has announced its results for the quarter ended September 2021. Here is a detailed performance review of the same:

MAHINDRA HOLIDAYS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m4,8143,7095,46447.3%13.5%
Other incomeRs m294474469-1.1%59.2%
TurnoverRs m5,1084,1835,93341.8%16.1%
ExpensesRs m3,8783,4314,28124.8%10.4%
Gross profitRs m9352781,183325.3%26.5%
DepreciationRs m6606656660.1%0.9%
InterestRs m161282205-27.2%27.1%
Profit before taxRs m409-19478291.3%
TaxRs m12119184845.2%51.8%
Profit after taxRs m287-214598107.9%
Gross profit margin%19.47.521.7
Effective tax rate%29.6-10.023.5
Net profit margin%5.6-5.110.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 13.5% on a year-on-year (YoY) basis. The expenses were up by 10.4% YoY during the same period.
  • The company's operating profit increased by 26.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.7% in 2QFY22 as against 19.4% in 2QFY21.
  • Depreciation charges increased by 0.9% and finance costs increased by 27.1% YoY, respectively.
  • Other income increased by 59.2% YoY during the quarter.
  • Net profit for the quarter increased by 107.9% YoY. Net profit margins during the quarter increased from 5.6% in 2QFY21 to 10.1% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 47.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 24.8% QoQ during the same period.
  • The company's operating profit increased by 325.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.7% in 2QFY22 as against 7.5% in 1QFY21.
  • Net profit for the quarter increased by 379.5% QoQ, while net profit margins increased from -5.1% in 1QFY21 to 10.1% in 2QFY22.

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 up from Rs 110.7 to Rs 237.0, registering a Gain of Rs 126.3 or around 114.1%.

Overall, the S&P BSE SENSEX is up 51.0% over the year.

Current Valuations

At the current price of Rs 237.0, the price to earnings (P/E) ratio of MAHINDRA HOLIDAYS stands at 113.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 46.1 times.

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

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For the quarter ended June 2020, MAHINDRA HOLIDAYS has posted a net profit of Rs 268 m (up 47.4% YoY). Sales on the other hand came in at Rs 2 bn (down 29.4% YoY). Read on for a complete analysis of MAHINDRA HOLIDAYS's quarterly results.

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