Mahindra Holidays Q2 Net up 22 pc at Rs 32.86 cr

Leisure hospitality firm Mahindra Holidays & Resorts India (MHRIL) today reported a 22 per cent rise in standalone net profit to Rs 32.86 crore for the second quarter ended September 30, 2016.
The company had posted a net profit of Rs 26.93 crore for the corresponding period of the previous fiscal, Mahindra Holidays & Resorts India said in a filing to BSE.
Standalone total income from operations also rose to Rs 258.07 crore for the quarter under consideration as against Rs 234.56 crore for the same period a year ago.
Commenting on the results, MHRIL Managing Director & CEO Kavinder Singh said: "Our continuing focus on enhancing member experiences and engagement, has contributed to significant improvement in resort occupancies."

Member additions continue to be robust, improvement in all operating metrics and cost management actions have resulted in improved operating margins and 22 per cent growth in after tax on a y-o-y basis, he added.
Shares of Mahindra Holidays & Resorts India today closed at Rs 446.60 per scrip on BSE, up 0.21 per cent from previous close.