Mahindra Holidays and Resorts India (MHRIL), part of $7.1 billion Mahindra Group, today said its total income has declined 23.6 per cent to Rs 103.88 crore in the first quarter of FY11 compared to the year ago period.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) and profit after tax (PAT) in the quarter stood at Rs 25.13 crore and Rs 13.29 crore, respectively, down by 57.8 per cent and 60.6 per cent, a company release said here.

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Club Mahindra and Zest membership grew to 1,08,041 and 5,788, respectively, the release said.

The inventory of apartments stood at 1,489. The occupancy rate improved by 84.9 per cent, the release added.

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