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- MAHINDRA HOLIDAYS Announces Quarterly Results (4QFY19); Net Profit Down 62.6%
MAHINDRA HOLIDAYS Announces Quarterly Results (4QFY19); Net Profit Down 62.6%
Fri, 17 May
MAHINDRA HOLIDAYS has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:
MAHINDRA HOLIDAYS Quarterly Financials
| No. of Mths Qtr. Ending | 3 Mar-18* | 3 Dec-18* | 3 Mar-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 2,961 | 2,361 | 2,383 | 0.9% | -19.5% |
| Other income | Rs m | 98 | 108 | 138 | 28.0% | 40.6% |
| Turnover | Rs m | 3,060 | 2,469 | 2,521 | 2.1% | -17.6% |
| Expenses | Rs m | 2,336 | 2,008 | 2,172 | 8.1% | -7.0% |
| Gross profit | Rs m | 625 | 353 | 211 | -40.1% | -66.2% |
| Depreciation | Rs m | 129 | 129 | 122 | -5.7% | -5.9% |
| Interest | Rs m | 0 | 0 | 0 | -100.0% | -100.0% |
| Profit before tax | Rs m | 594 | 332 | 228 | -31.2% | -61.6% |
| Tax | Rs m | 209 | 119 | 84 | -29.6% | -59.8% |
| Profit after tax | Rs m | 386 | 212 | 144 | -32.1% | -62.6% |
| Gross profit margin | % | 21.1 | 14.9 | 8.9 | ||
| Effective tax rate | % | 35.1 | 35.9 | 36.8 | ||
| Net profit margin | % | 12.6 | 8.6 | 5.7 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 19.5% on a year-on-year (YoY) basis. The expenses were down by 7.0% YoY during the same period.
- The company's operating profit declined by 66.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.9% in 4QFY19 as against 21.1% in 4QFY18.
- Depreciation charges declined by 5.9% and finance costs declined by 100.0% YoY, respectively.
- Other income increased by 40.6% YoY during the quarter.
- Net profit for the quarter declined by 62.6% YoY. Net profit margins during the quarter declined from 12.6% in 4QFY18 to 5.7% in 4QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 0.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.1% QoQ during the same period.
- The company's operating profit declined by 40.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.9% in 4QFY19 as against 14.9% in 3QFY18.
- Net profit for the quarter declined by 32.1% QoQ, while net profit margins declined from 8.6% in 3QFY18 to 5.7% in 4QFY19.
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 336.6 to Rs 210.0, registering a Loss of Rs 126.6 or around 37.6%.
Overall, the S&P BSE SENSEX is up 6.2% over the year.
Current Valuations
At the current price of Rs 210.0, the price to earnings (P/E) ratio of MAHINDRA HOLIDAYS stands at 29.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.
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