![[PR] PR_Ascott and Vimut Hospital_2024](https://www.traveldailynews.asia/wp-content/uploads/2024/04/PR-PR_Ascott-and-Vimut-Hospital_2024-400x265.jpg)
For the third quarter ended December 31, 2016, Total Income stood at Rs. 274.80 crores as against Rs. 243.15 crores in Q3FY16, up 13.0%.
MUMBAI – Mahindra Holidays & Resorts India Limited (MHRIL), India’s leading leisure hospitality provider, announced its standalone financial results for the quarter and nine months ended December 31, 2016.
Q3FY17 Highlights – Standalone:
- Member Additions at 4436, up 14.4% YoY
- Total Income at Rs. 274.80 crores, up 13.0 % YoY
- Profit after Tax (after other comprehensive income) at Rs. 35.54 crores, up 14.6% YoY
Financial Performance
For the third quarter ended December 31, 2016, Total Income stood at Rs. 274.80 crores as against Rs. 243.15 crores in Q3FY16, up 13.0%. Profit after Tax (PAT) stood at Rs. 35.54 crores as against Rs. 31.01 crores in Q3FY16, up 14.6%.
In the nine months ended December 31, 2016, Total Income stood at Rs. 790.20 crores as against Rs. 713.96 crores in the corresponding period last year, up 10.7%. Profit after Tax (PAT) stood at Rs. 98.47 crores as against Rs. 83.14 crores, up 18.4% YoY.
Commenting on the results, Kavinder Singh, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Limited said, “We are happy to report a robust quarter in terms of all round performance. Growth in member additions by 14.4% along with higher occupancies at 85% has led to revenue growth of 13% year on year. Despite the challenging conditions in the consumer discretionary spends caused by demonetization, our team has performed well. Innovative holiday experiences, deeper member engagement year round at our 46 beautiful resorts, in the cities and online along with our newly-launched brand campaign will help in sustaining this momentum.”
Tatiana is the news co-ordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes to monitor the hundrends of news sources of TravelDailyNews Media Network and skim the most important according to our strategy. She holds a Bachelor degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
