Mahindra Holidays & Resorts consolidated PAT jumps to Rs 56.31 crore in March quarter

Mahindra Holidays & Resorts India Ltd on Tuesday reported over three-and-half fold rise in consolidated revenue after tax at Rs 56.31 crore within the fourth quarter ended March 31, 2023 pushed by sturdy income progress.

The corporate had posted a consolidated revenue after tax of Rs 15.87 crore in the identical earlier fiscal, Mahindra Holidays & Resorts India Ltd (MHRIL) stated in a regulatory submitting.

Income from operations through the quarter beneath evaluate stood at Rs 711.61 crore, as in opposition to Rs 542.58 crore within the year-ago interval, it added.

Complete expenditure within the fourth quarter stood at Rs 658.24 crore, as in opposition to Rs 551.03 crore in the identical interval a 12 months in the past, the corporate stated.

For the fiscal ended March 31, 2023, consolidated revenue after tax stood at Rs 113.82 crore, as in comparison with Rs 67.64 crore within the earlier 12 months, the corporate stated.

Consolidated income from operations in FY23 stood at Rs 2,516.99 crore, as in comparison with Rs 2,013.29 crore in FY22, it added.

MHRIL Managing Director and Chief Government Officer Kavinder Singh stated the corporate achieved distinctive FY23 outcomes with new milestones in complete revenue, resort revenue, EBITDA and revenue earlier than tax.

On the corporate’s European operations, he stated regardless of macroeconomic challenges created by the geopolitical battle, Vacation Membership Resorts (HCR), the European subsidiary, has rotated.