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Mahindra Holidays & Resorts Q4 net up 21% at Rs 38.55 cr

Mahindra Group firm Mahindra Holidays & Resorts India Ltd (MHRIL) today reported a 21.15 percent rise in its standalone net profit to Rs 38.55 crore for the quarter ended March of 2017-18.

May 08, 2018 / 08:19 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 Ltd (MHRIL) today reported a 21.15 percent rise in its standalone net profit to Rs 38.55 crore for the quarter ended March of 2017-18.

The company had posted a net profit of Rs 31.82 crore for the corresponding period of the previous fiscal, MHRIL said in a BSE filing.

Standalone total income of the company stood at Rs 305.99 crore for the quarter under consideration as against Rs 308.93 crore for the same period a year ago.

For the financial year ended March this year, the company posted a net profit of Rs 134.35 crore. It was Rs 130.65 crore for the year ago period.

Standalone total income of the company was at Rs 1,094.19 crore for the fiscal year 2017-18 as against Rs 1,090.30 crore for the previous fiscal year.

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"Our focus on enhancing member delight and repertoire of resorts has helped us improve our resort occupancies and resort revenues," MHRIL MD and CEO Kavinder Singh said.

Cost management actions along with improvement in operational metrices has helped improve PBT margin to 19 per cent, he added.

"Our continued focus on new member additions with higher down payments, lower tenure EMI's along with higher collections has improved our cash balance to Rs 469 crore (up by Rs 205 crore), Singh said.

In a separate filing, MHRIL said, its board has recommended dividend of Rs 4 per equity share of Rs 10 each for the financial year ended March 31, 2018.

Shares of Mahindra Holidays & Resorts India Ltd today closed at Rs 317 per scrip on BSE, up 2.69 percent from their previous close.
PTI
first published: May 8, 2018 08:15 pm

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