Mahindra Holidays & Resorts India's Q1 2024 Financial Results Show Negative Trend, Investors Cautioned
Mahindra Holidays & Resorts India, a midcap company in the hotel industry, recently announced its financial results for the quarter ending June 2024. According to MarketsMOJO, a leading stock analysis platform, the stock call for Mahindra Holidays is 'Sell'.
The company's financial performance for the quarter has been flat, with a score of 0 compared to 26 in the previous 3 months. This decline can be attributed to several factors.
Firstly, the Profit Before Tax (PBT) less Other Income has fallen by 276.7% to Rs -19.19 crore, compared to the average PBT of the previous four quarters which was Rs 10.86 crore. This indicates a very negative trend in the near term.
Secondly, the Profit After Tax (PAT) has also seen a significant decline of 79.6% to Rs 5.89 crore, compared to the average PAT of the previous four quarters which was Rs 28.88 crore. This further reinforces the negative trend in the company's financials.
Additionally, the company's interest cost has increased by 57.38% quarter on quarter, standing at Rs 35.30 crore. This rise in interest cost suggests that the company has taken on more borrowings.
Moreover, the Non Operating Income for the quarter is 236.68% of the PBT. This indicates that the company's income from non-business activities is high, which is not a sustainable business model.
In conclusion, Mahindra Holidays & Resorts India's financial performance for the quarter ending June 2024 has been disappointing, with several key indicators showing a negative trend. Investors are advised to exercise caution and consider the company's financials before making any investment decisions.
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