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MAHINDRA HOLIDAYS Announces Quarterly Results (2QFY20); Net Profit Up 23.8%
Mon, 11 Nov

MAHINDRA HOLIDAYS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

MAHINDRA HOLIDAYS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m2,0942,5052,335-6.8%11.5%
Other incomeRs m12714316112.7%26.5%
TurnoverRs m2,2212,6482,496-5.7%12.4%
ExpensesRs m1,8632,0811,934-7.0%3.8%
Gross profitRs m231425401-5.6%73.9%
DepreciationRs m1322412451.6%86.1%
InterestRs m04140-3.7%79380.0%
Profit before taxRs m226285277-2.7%22.6%
TaxRs m8110498-5.1%20.5%
Profit after taxRs m145182179-1.4%23.8%
Gross profit margin%11.017.017.2
Effective tax rate%36.036.335.4
Net profit margin%6.56.97.2
* 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 grew 11.5% on a year-on-year (YoY) basis. The expenses were up by 3.8% YoY during the same period.
  • The company's operating profit increased by 73.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.2% in 2QFY20 as against 11.0% in 2QFY19.
  • Depreciation charges increased by 86.1% and finance costs increased by 79380.0% YoY, respectively.
  • Other income increased by 26.5% YoY during the quarter.
  • Net profit for the quarter increased by 23.8% YoY. Net profit margins during the quarter increased from 6.5% in 2QFY19 to 7.2% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.0% QoQ during the same period.
  • The company's operating profit declined by 5.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.2% in 2QFY20 as against 17.0% in 1QFY19.
  • Net profit for the quarter declined by 1.4% QoQ, while net profit margins increased from 6.9% in 1QFY19 to 7.2% in 2QFY20.

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 222.9 to Rs 231.9, registering a Gain of Rs 9.0 or around 4.0%.

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 231.9, the price to earnings (P/E) ratio of MAHINDRA HOLIDAYS stands at 28.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.3 times.