Mahindra Holidays Q3FY15 Total Income up 6.7% YoY and PAT up 15.6% YoY

Mahindra Holidays & Resorts India Limited (MHRIL), India's leading leisure hospitality provider announced its financial results for the quarter ended December 31, 2014.

The Total Income for Q3FY15 was at Rs. 209.6 Crore, up 6.7% YoY and the EBITDA was at Rs. 50 Crore, up 22.9% YoY. The company reported Profit after Tax (PAT) of Rs. 23.5 Crore; up 15.6% YoY during Q3FY15.

Commenting on the third-quarter results, Arun Nanda, Chairman, MHRIL, said, "We have begun to see the results of the efforts made in the last few quarters in the areas of process improvements and cost rationalization. I believe that this trend will continue."

Kavinder Singh, Managing Director and Chief Executive Officer, MHRIL, said, "New member additions have improved this quarter and we are on track in terms of creating 'consumer pull' for our core vacation ownership product. Our continuing thrust on creating differentiated experiences for members is helping to increase referrals from our existing members, which augurs well for our business. Work on adding new destinations is progressing well."

Shares of MAHINDRA HOLIDAYS & RESORTS INDIA LTD. was last trading in BSE at Rs.259.95 as compared to the previous close of Rs. 256.75. The total number of shares traded during the day was 11384 in over 731 trades.

The stock hit an intraday high of Rs. 260.05 and intraday low of 254.05. The net turnover during the day was Rs. 2943858.

Source : Equity Bulls

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