Mahindra Holidays & Resorts India drops after announcing weak Q4 results

Mahindra Holidays & Resorts India dropped 3.14% to Rs 245 at 10:05 IST on BSE after net profit fell 57.26% to Rs 10.42 crore on 6.72% decline in total income from operations to Rs 203.92 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced before market hours today, 19 May 2015.

Meanwhile, the S&P BSE Sensex was down 68.69 points or 0.25% at 27,618.61.

On BSE, so far 3,289 shares were traded in the counter as against average daily volume of 12,703 shares in the past one quarter.

The stock hit a high of Rs 248.65 and a low of Rs 244.50 so far during the day. The stock had hit a 52-week high of Rs 335 on 8 July 2014. The stock had hit a 52-week low of Rs 237 on 16 May 2015.

The stock had underperformed the market over the past one month till 18 May 2015, sliding 4.8% compared with Sensex's 2.65% fall. The scrip had, however, outperformed the market in past one quarter, declining 3.38% as against Sensex's 5.57% fall.

The mid-cap company has equity capital of Rs 88.78 crore. Face value per share is Rs 10.

Mahindra Holidays & Resorts India said that the board of directors of the company at its meeting held on 18 May 2015, inter alia, has recommended dividend of Rs 4 per share for the year ended 31 March 2015 (FY 2015).

Mahindra Holidays & Resorts India is a part of the Leisure and Hospitality sector of the Mahindra Group. Started in 1996, the company's flagship brand 'Club Mahindra Holidays', today has a fast growing customer base of over 170,000 members and 40 beautiful resorts at some of the most exotic locations in India and abroad.

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