Mahindra Holidays & Resorts Q2 PAT up 21% at Rs 24.71 crore

Mahindra Holidays & Resorts India (MHRIL), reported a 21 per cent growth in profit after tax (PAT) at Rs 24.71 crore for the quarter ended September 30, compared to last year.
The company's PAT for the corresponding quarter stood at Rs 20.42 crore, according to a release issued here.
The revenue of the company went up by 5 per cent to Rs 200.17 crore compared to Rs 190.61 crore in the corresponding quarter of last year.
Commenting on the second quarter results, MHRIL Chairman Arun Nanda said, "The transition from traditional avenues of customer acquisition to newer ones like digital is delivering encouraging results. The focus on customer satisfaction remains our top priority. We believe that the most effective way of growing this business is with a happy customer base".

Toward that end, the company expect to shore up its inventory significantly across properties in this financial year.
"Among others, inventory in key properties that will be delivered over the second half include Virajpet, Kanha, Munnar and Udaipur, besides acquisition of new properties under consideration," he said.