Mahindra Holidays Q2 Results: PAT declines 30% to Rs 41.39 crore

Mahindra Holidays & Resorts India Ltd on Wednesday reported a 30 per cent decline in consolidated profit after tax to Rs 41.39 crore for the second quarter ended September 30, impacted by higher expenses. The company had posted a consolidated profit after tax of Rs 59.76 crore in the same period last fiscal, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a regulatory filing.

Consolidated revenue from operations during the quarter under review stood at Rs 598.36 crore against Rs 546.4 crore in the year-ago period, it added.

The company said its total expenses were higher at Rs 574.66 crore compared to Rs 515.13 crore in the same period a year ago, with employee benefits expenses at Rs 153.27 crore against Rs 133.57 crore.


Also, other expenses were higher at Rs 287.43 crore compared to Rs 246.25 crore in the same quarter last fiscal, the filing added.