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Mahindra Holidays and Resorts posts 12% growth in July-Sept net profit
SME News, Saturday, Oct 20, 2012 11:25:29 AM IST
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MUMBAI: Mahindra Holidays and Resorts Limited (MHRIL) has witnessed a 12 per cent growth in its July-September net prtofit which stood at Rs 27 crore as against the corresponding period last year.
Company's revenues for the July-September quarter also increased 11 per cent to Rs 165 crore over the same period last year.
MHRIL, a part of the $15.4-billion Mahindra Group, also witnessed a rbust growth in its member base at 150,000 thus taking it into the list of top 10 vacation ownership companies globally.
In the last 10 months, the company added over 780 rooms to its inventory across 43 resorts in India and abroad thus representing a 48 per cent growth in occupancy.
Arun Nanda, chairman, Mahindra Holidays and Resorts, said, “Our growth in inventory and large member base will give a huge positive momentum to the business. Using our unique expertise in the fiel, we will continue to raise the bar on member service and satisfaction.”
