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Mahindra Holidays & Resorts India Ltd’ Q2 profit jumps 30% on travel boom
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Mahindra Holidays posts 30% profit rise as travel demand picks up and memberships grow strongly.
Mahindra Holidays & Resorts India posted a 30 % year-on-year increase in consolidated net profit to ₹178.5 million (~US$2.03 million) for the quarter ended September 30, driven by steady travel demand domestically and in Europe. Revenue rose 7 % to ₹7.17 billion, with European unit revenue up 9.4 %. The company added 1,432 new memberships in the quarter, taking its total to 304,000. Strong unit realisation – up 85 %-plus – and incremental growth in resort stays underpin the performance.