Mahindra Holidays Q1 PAT seen up 16.1% YoY to Rs 35.1 cr: Edelweiss

Edelweiss has come out with its first quarter (April-June) earnings estimates for the Leisure and Travel sector. The brokerage house expects Mahindra Holidays to report net profit at 35.1 crore up 16.1% year-on-year (10.3% quarter-on-quarter).

Net Sales are expected to decrease by 11.1 percent Q-o-Q (up 10.5 percent Y-o-Y) to Rs 275.9 crore, according to Edelweiss.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.7 percent Q-o-Q (up 9.7 percent Y-o-Y) to Rs 63.2 crore.

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