Mahindra Holidays & Resorts India has reported 7.34% fall in its net profit for the fourth quarter ended March 31, 2012, at Rs 37.22 crore, against Rs 40.17 crore in the same period of previous fiscal.
The company’s net sales for the quarter, however, increased 12.77% to Rs 173.46 crore, as against Rs 153.81 crore in the fourth quarter of 2010-11.
The company's net profit for the full year ended March 31, 2012, increased 1.82% to Rs 104.64 crore, as against Rs 102.76 crore in the year ago period. Its net sales grew 17.79% to Rs 573.82 crore in 2011-12, compared to Rs 487.12 crore in the previous fiscal.
During the 2011-12, the company added properties at 10 new locations including Sikkim, Mussorie, Mahabaleshwar, Kumarakom, Jaisalmer, Kanatal, Goa and Rishikesh.
A part of $14.4 billion Mahindra Group, the company operates in the leisure hospitality segment with a network of 42 resorts across India through vacation ownership memberships.
| Company Name | CMP |
|---|---|
| Indian Hotel | 645.05 |
| ITC Hotels | 157.40 |
| EIH | 320.35 |
| Chalet Hotels | 766.05 |
| Mahindra Holi.&Resor | 229.90 |
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