MAHINDRA HOLIDAYS Announces Quarterly Results (3QFY19); Net Profit Down 33.1%

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MAHINDRA HOLIDAYS Announces Quarterly Results (3QFY19); Net Profit Down 33.1%
Thu, 31 Jan

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

MAHINDRA HOLIDAYS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,6752,0942,36112.7%-11.8%
Other incomeRs m50127108-14.9%114.8%
TurnoverRs m2,7262,2212,46911.2%-9.4%
ExpensesRs m2,0971,8632,0087.8%-4.3%
Gross profitRs m57823135352.9%-39.0%
DepreciationRs m135132129-2.0%-4.3%
InterestRs m000140.0%50.0%
Profit before taxRs m49422633246.7%-32.8%
TaxRs m1768111946.3%-32.3%
Profit after taxRs m31814521246.9%-33.1%
Gross profit margin%21.611.014.9
Effective tax rate%35.736.035.9
Net profit margin%11.76.58.6
* 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 11.8% on a year-on-year (YoY) basis. The expenses were down by 4.3% YoY during the same period.
  • The company's operating profit declined by 39.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.9% in 3QFY19 as against 21.6% in 3QFY18.
  • Depreciation charges declined by 4.3% and finance costs increased by 50.0% YoY, respectively.
  • Other income increased by 114.8% YoY during the quarter.
  • Net profit for the quarter declined by 33.1% YoY. Net profit margins during the quarter declined from 11.7% in 3QFY18 to 8.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.8% QoQ during the same period.
  • The company's operating profit increased by 52.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.9% in 3QFY19 as against 11.0% in 2QFY18.
  • Net profit for the quarter increased by 46.9% QoQ, while net profit margins increased from 6.5% in 2QFY18 to 8.6% in 3QFY19.

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

MAHINDRA HOLIDAYS Share Price Performance

Over the last one year, MAHINDRA HOLIDAYS share price has moved up from Rs 331.1 to Rs 207.0, registering a Loss of Rs 124.1 or around 37.5%.

Overall, the S&P BSE SENSEX is up 0.3% over the year.

Current Valuations

At the current price of Rs 207.0, the price to earnings (P/E) ratio of MAHINDRA HOLIDAYS stands at 20.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

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