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Mahindra Holidays & Resorts Q1 net profit falls 58% to Rs 14 cr

The company had posted a net profit of Rs 32.33 crore for the corresponding period of the previous fiscal, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a filing to BSE.

August 09, 2018 / 11:02 PM IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

 
 
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Mahindra Group firm Mahindra Holidays & Resorts India today reported a 57.58 percent dip in its standalone net profit to Rs 13.73 crore for the quarter ended June 30, 2018.

The company had posted a net profit of Rs 32.33 crore for the corresponding period of the previous fiscal, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a filing to BSE.

Standalone total income of the company stood at Rs 242.32 crore for the quarter under consideration. It was Rs 273.57 crore for the same period year ago.

"Our strategy of enhancing our resort experiences, member engagement and digitisation of customer facing processes has yielded significant growth in all key operational and financial metrics e.g. member additions, resort income, high occupancies and improved profit margins," MHRIL MD and CEO Kavinder Singh said.

Shares of Mahindra Holidays & Resorts India today closed at Rs 290.05 per scrip on BSE, up 0.75 percent from its previous close.
PTI
first published: Aug 9, 2018 11:01 pm

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