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Mahindra Holidays & Resorts India reports over 3- fold jump in Q4 consolidated net profit

25 Apr 2023 Evaluate

Mahindra Holidays & Resorts India has reported results for fourth quarter (Q4) and year ended March 31, 2023.

Mahindra Holidays & Resorts India has reported fall of 29.75% in its net profit at Rs 31.26 crore for the quarter under review as compared to Rs 44.50 crore for the same quarter in the previous year. However, total income of the company increased by 10.60% at Rs 336.32 crore for Q4FY23 as compared to Rs 304.10 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported over 3- fold jump in its net profit at Rs 56.31 crore for the quarter under review as compared to Rs 15.87 crore for the same quarter in the previous year. Total income of the company increased by 26.16% at Rs 735.27 crore for Q4FY23 as compared to Rs 582.83 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported rise of 4.8% in its net profit at Rs 158.58 crore as compared to Rs 151.30 crore for the previous year. Total income of the company increased by 21.93% at Rs 1305.57 crore for year under review as compared to Rs 1070.72 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 68.27% rise in its net profit at Rs 113.82 crore as compared to Rs 67.64 crore for the previous year. Total income of the company increased by 20.43% at Rs 2623.90 crore for year under review as compared to Rs 2178.85 crore for year ended March 31, 2022.

Mahindra Holi.&Resor Share Price

259.25 3.65 (1.43%)
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