Toh bhaiyo, Mahindra Lifespace ne Q3 FY25 results mein kamaal kar diya hai. Unka standalone Profit After Tax (PAT) toh 111% saal dar saal badh gaya, aur pahunch gaya ₹10,087 lakh par! Basic EPS bhi ₹5.03 raha. Aur agar poore 9 mahine ki baat karein toh standalone PAT bhi 103% badhkar ₹4,754 lakh ho gaya hai. Q3 mein revenue bhi 68% bhaga hai, ₹27,246 lakh tak pahunch gaya.
Lekin asli dhamaka consolidated numbers mein hua hai. Pichhle saal isi time ₹2,247 lakh ka loss tha, aur is baar ₹10,888 lakh ka profit ho gaya hai! Consolidated EPS bhi ₹5.43 raha. Aur 9 mahine ki baat karein toh ₹20,805 lakh ka consolidated PAT aaya hai, jo pichhle saal loss mein tha. Consolidated revenue bhi Q3 mein 174% bhaag kar ₹45,916 lakh ho gaya aur 9 mahine mein 39% badhkar ₹50,869 lakh ho gaya.
Ab is bade change ka secret kya hai? Jo ₹1494.8 crore ka rights issue kiya tha na, usne asli kaam kiya hai. Us paisse se company ne debt kam kiya, land kharidi aur working capital manage kiya. Isi wajah se consolidated Debt-to-Equity ratio 0.76 se gir kar sirf 0.19 reh gaya hai December 31, 2024 tak! Company ka Net Worth bhi solid hai, standalone ₹1,40,104 lakh aur consolidated ₹3,53,470 lakh.
Is profit mein kuch 'extra' items ne bhi help kiya hai. Jaise, Mahindra Homes mein stake khareedne se ₹3,076 lakh ka gain hua, NCD modification se ₹2,452 lakh aur NCD redemption se ₹1,866 lakh ka fayda mila. Labour Codes ke impact se bhi kuch fayda hua.
Profitability metrics bhi sudhar gaye hain. Standalone 9 mahine ka operating margin 29.52% ho gaya hai jo pehle 13.72% tha. Consolidated Net Profit Margin toh negative 6.54% se 40.90% par aa gaya hai!
Ab suno sabse important baat - thoda risk bhi hai. Inka Interest Service Coverage Ratio (ISCR) abhi bhi negative hai dono standalone aur consolidated mein. Matlab, account mein profit toh dikh raha hai, par interest bharne ke liye cash flow shayad abhi bhi kam pad raha hai. Aur haan, ye log revenue tab record karte hain jab project poora hota hai (Completed Contracts Method). Isliye, beech ke results shayad pure business ka asli picture na dikhayein.
Toh bhaiyo, aage kya dekhna hai? Company ko apna interest cover karne ke liye cash flow kaise badhana hai, ye sabse important hai. Naye land deals aur acquired companies ka performance bhi closely monitor karna padega.