MAHINDRA HOLIDAYS Announces Quarterly Results (4QFY19); Net Profit Down 62.6%

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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 ChangeYoY Change
Net SalesRs m2,9612,3612,3830.9%-19.5%
Other incomeRs m9810813828.0%40.6%
TurnoverRs m3,0602,4692,5212.1%-17.6%
ExpensesRs m2,3362,0082,1728.1%-7.0%
Gross profitRs m625353211-40.1%-66.2%
DepreciationRs m129129122-5.7%-5.9%
InterestRs m000-100.0%-100.0%
Profit before taxRs m594332228-31.2%-61.6%
TaxRs m20911984-29.6%-59.8%
Profit after taxRs m386212144-32.1%-62.6%
Gross profit margin%21.114.98.9
Effective tax rate%35.135.936.8
Net profit margin%12.68.65.7
* 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 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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