Mahindra Holidays & Resorts announces Q2 FY17 results
In the first half of the fiscal year, total income stood at Rs 515.4 crore as against Rs 470.8 crore in the same period last year, a 9.5% increase year on year.
By Anumeha Chaturvedi, ET Bureau | Updated:
NEW DELHI: Mahindra Holidays & Resorts India Limited ( MHRIL) has announced its Q2FY17 results. The company's total Income stood at Rs 261.4 crore as against Rs 237.1 crore in Q2FY16 up 10.3% year on year. Profit after tax for Q2FY17 stood at Rs 32.8 crore versus Rs 26.9 crore in the year ago period, up 21.8%.
"Enhancing member experiences and engagement has contributed to significant improvement in resort occupancies. Member additions continue to be robust, improvement in all operating metrics and cost management actions have resulted in improved operating margins and 22% growth in profit after tax on year on year basis," said Kavinder Singh, MD and CEO, Mahindra Holidays & Resorts.
In the first half of the fiscal year, total income stood at Rs 515.4 crore as against Rs 470.8 crore in the same period last year, a 9.5% increase year on year.
"Enhancing member experiences and engagement has contributed to significant improvement in resort occupancies. Member additions continue to be robust, improvement in all operating metrics and cost management actions have resulted in improved operating margins and 22% growth in profit after tax on year on year basis," said Kavinder Singh, MD and CEO, Mahindra Holidays & Resorts.
In the first half of the fiscal year, total income stood at Rs 515.4 crore as against Rs 470.8 crore in the same period last year, a 9.5% increase year on year.
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