Mahindra Holidays & Resorts: Q1FY18 Result
By Sarvesh Revankar |
8/2/2017 5:44 PM Wednesday
Mahindra Holidays & Resorts India reported its results for the quarter ended June 30, 2017 today.
Total sales for this quarter, Q1FY18, came in at Rs. 270.22 crore. This represents a 12.96 per cent sequential decline and 8.24 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 43.04 crore and the EBIT margin stood at 15.93 per cent.
It reported PAT of Rs. 32.33 crore which represents a sequential QoQ increase of 1.6 per cent and a YoY increase of 6.91 per cent.
The company’s stock opened at Rs. 400 on the BSE and recorded intra-day high and low of Rs. 404.45 and Rs. 386.60, respectively.
Mahindra Holidays & Resorts India operates in the leisure and hospitality sector. It is primarily involved in the provision of vacation ownership memberships, holiday facilities and other services. The company operates a network of resorts across various destinations, including hill stations, beaches, backwaters, wildlife sanctuaries, forts and heritage destinations in India as well as internationally.
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