 "Mahindra Holidays net profit up 33% at Rs 31 cr")
Leisure hospitality provider Mahindra Holidays & Resorts India Ltd (MHRIL) has posted a growth of 33.3% in net profit during the quarter ended December, 2015, at Rs 31.26 crore as compared to Rs 23.46 crore during the same quarter previous fiscal year.
Total income stood at Rs 237.26 crore during the quarter, as compared to Rs 206.51 crore during the same quarter previous fiscal year, an increase of 14.9%.
Kavinder Singh, managing director and chief executive officer, MHRIL said the company's proposition of family leisure vacations throuh the vacation ownership model is gaining traction as seen by growth in new member additions, resort income, total income and improved profit before tax margin.
The company has around 1,94,000 vacation ownership members and operates 45 resorts across India and abroad. The company also owns a majority stake in Holiday Club Resorts, Finland, with 30 resorts across Finland, Sweden and Spain.
