Mahindra Holidays & Resorts’ consolidated net loss narrows to Rs 10 crore in Q4

04 May 2021

Mahindra Holidays & Resorts India has reported results for fourth quarter and year ended March 31, 2021.

The company has reported net profit at Rs 24.64 crore for the quarter under review as compared to net loss of Rs 169.22 crore for the same quarter in the previous year. However, total income of the company decreased by 0.31% at Rs 254.73 crore for Q4FY21 as compared Rs 255.52 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss attributed to owners at Rs 10.17 crore for the quarter under review as compared to net loss at Rs 164.57 crore for the same quarter in the previous year. Total income of the company decreased by 21.42% at Rs 496.20 crore for Q4FY21 as compared Rs 631.43 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported net profit at Rs 125.76 crore as compared to net loss of Rs 108.21 crore for the previous year. However, total income of the company decreased by 12.38% at Rs 908.76 crore for year under review as compared to Rs 1037.12 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported net loss attributed to owners at Rs 13.08 crore as compared to net loss of Rs 132.06 crore for the previous year. Total income of the company decreased by 24.02% at Rs 1847.26 crore for year under review as compared to Rs 2431.15 crore for year ended March 31, 2020.

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