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The company's net profit was ₹16.93 crore during the corresponding period of the previous fiscal year, Mahindra Holidays & Resorts India said in a regulatory filing
Mahindra Holidays & Resorts India Ltd on Wednesday reported a consolidated loss after tax at Rs 8.56 crore in the June quarter impacted by growth-related costs in domestic business and headwinds from geopolitical uncertainties in international operations. The company had posted a consolidated profit after tax of Rs 7.17 crore in the corresponding quarter last fiscal year, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 732.81 crore as against Rs 701.4 crore in the year-ago period, it added. Total expenses in the quarter under review were higher at Rs 776.48 crore as compared to Rs 713.33 crore in the same period last fiscal year, the company said. "Profitability in our India business was impacted by growth-related costs, while our international operations continued to face headwinds from geopolitical uncertainties and a slowdown in the Finnish economy during the ...