Shares of Mahindra Holidays & Resorts gained 3.65% after the hospitality firm reported a turnaround in Q2 September 2019 results.The company reported its Q2 earnings after market hours yesterday, 4 November 2019. Shares of Mahindra Holidays & Resorts gained 3.65% to Rs 241.60, extended their winning streak for sixth consecutive session. The stock has surged over 15% in six trading sessions.
The company's net profit rose 23.8% to Rs 17.90 crore on a 11.5% rise in net sales to Rs 233.54 crore in Q2 September 2019 over Q2 September 2018.
EBITDA jumped 57.1% to Rs 56.19 crore on YoY basis. EBITDA margin improved to 22.5% in Q2 2019 as against 16.1% in Q2 2018.
Mahindra Holidays & Resorts India is a leading player in the leisure hospitality industry. The company is a part of Mahindra Group and is the market leader in the business with their famous 'Club Mahindra'.
Meanwhile, the S&P BSE Sensex was trading 0.46% lower at 40,115.00
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