Mahindra Holidays Q4 net profit soars to ₹83.2 crore, up nearly 48%

Mahindra Holidays & Resorts India Ltd on Friday reported a 47.7% rise in consolidated profit after tax of ₹83.2 crore for the March 2024 quarter against ₹56.3 crore a year ago.

For the entire 2023-24, the company reported a consolidated profit after tax of ₹116.05 crore against ₹113.82 crore in the preceding fiscal, according to a regulatory filing.

During the January-March quarter, Mahindra Holidays & Resorts India Ltd reported a total income of ₹830.34 crore compared to ₹735.26 crore a year ago.

Its total expenses during the quarter under review rose to ₹720.86 crore from ₹658.23 crore in the January-March period of the previous year.

The company said it has recorded robust member additions at 20,019 during 2023-24, up 15 per cent year-on-year.

The company's shares closed at ₹434.10 apiece, up 1.99 per cent from their previous close on the BSE.

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