Mahindra Holidays & Resorts India Ltd Q1FY24; 97% fall in Profits

Mahindra Holidays & Resorts India Ltd. (MHRIL), a part of the Leisure and Hospitality sector of the Mahindra Group offers family holidays primarily through vacation ownership memberships. Started in 1996, the company’s flagship brand ‘Club Mahindra’ has over 250,000 members. The Company is the largest Vacation Ownership company
outside the US and is 6th largest globally

Financial Results:

Mahindra Holidays & Resorts India Ltd reported Revenues for Q1FY24 of ₹614.31 Crores up from ₹604.85 Crore year on year, a rise of 1.56%.

Total Expenses for Q1FY24 of ₹643.22 Crores up from ₹597.46 Crores year on year, a rise of 7.66%.

Consolidated Net Profit of ₹0.89 Crores down 97.02% from ₹29.82 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.01, down 99.32% from ₹1.48 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.