Mahindra Holidays and Resorts India Ltd. Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 29, 2014 at 06:37 pm IST
Share
Mahindra Holidays and Resorts India Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales/income from operations of INR 1,819.459 million against INR 1,724.239 million for the same period in the last year. Total income was INR 1,894.442 million against INR 1,790.207 million for the same period in the last year. Profit from operations before other income and finance costs was INR 237.830 million against INR 413.821 million for the same period in the last year. Profit before tax was INR 305.543 million against INR 441.922 million for the same period in the last year. Net profit after tax was INR 203.075 million against INR 300.729 million for the same period in the last year. Basic and diluted earnings per share were INR 2.31 against INR 3.59 and INR 3.58 for the same period in the last year.
For the nine months, the company reported net sales/income from operations of INR 5,194.294 million against INR 4,711.523 million for the same period in the last year. Total income was INR 5,588.957 million against INR 5,010.084 million for the same period in the last year. Profit from operations before other income and finance costs was INR 895.022 million against INR 1,002.849 million for the same period in the last year. Profit before tax was INR 1,049.069 million against INR 1,104.472 million for the same period in the last year. Net profit after tax was INR 701.474 million against INR 760.501 million for the same period in the last year. Basic and diluted earnings per share were INR 7.98 against basic and diluted earnings per share of INR 9.07 and INR 9.05 respectively for the same period in the last year.
Mahindra Holidays & Resorts India Limited operates in the leisure hospitality industry. The Company is engaged in the business of the sale of vacation ownership and other related services in India. It also provides holiday facilities. Club Mahindra is the Company's product in the vacation ownership business, which entitles its members to a week's holiday every year. It operates various resorts in India, and Abroad. The Company offers Club Mahindra members access to over 152 resorts in India, Asia, Europe, and the United States. Its resorts in India, such as Goa, Gujarat, Himachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Puducherry, Rajasthan, Sikkim, and others. The Companyâs subsidiaries include Holiday Club Resorts Oy, Holiday Club Sweden Ab Are, Ownership Services Sweden Ab, Holiday Club Sport and Spa Hotels AB and others. Holiday Club Resorts Oy is a vacation ownership company in Europe and operator of leisure hotels in Finland.