Mahindra Holidays & Resorts India Limited (MHRIL), India’s leading leisure hospitality provider, has announced double-digit year-on-year (YoY) percentage increases in membership, income and profits.
The company’s standalone financial results for the quarter and nine months ended 31 December 2016 show:
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Member Additions at 4,436, up 14.4% YoY
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Total Income at Rs. 274.80 crores, up 13% YoY
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Profit after Tax (after other comprehensive income) at Rs. 35.54 crores, up 14.6% YoY
MHRIL is a subsidiary of Mumbai-based multinational
Mahindra
, and offers family holidays primarily through vacation ownership memberships. As well as flagship brand Club Mahindra, the company also operates the Club Mahindra Fundays and Svaastha Spa brands.
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Mahindra records growth in membership and profit