Mahindra Holidays & Resorts India Q1 consolidated net loss narrows to Rs 21 38 cr; total income at Rs 418 29 cr freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
‘Mass vaccination will inspire confidence’
Updated:
Updated:
June 05, 2021 22:52 IST
Travel and tourism sector is pinning hopes on vaccine passports, says MD & CEO of Mahindra Holidays
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Kavinder Singh
Travel and tourism sector is pinning hopes on vaccine passports, says MD & CEO of Mahindra Holidays
Mahindra Holidays & Resorts India Ltd. (MHRIL), which operates under the Club Mahindra brand, is gearing up for growth, says its MD & CEO
Kavinder Singh
How did MHRIL cope with the downtrend?
As the process of unlocking began in June last year, people started taking holidays as they wanted to travel. They were opting for trusted brands like us who would offer enhanced safety and hygiene features, preferring destinations at drivable distances in the safety of their vehicles.
Mahindra Holidays & Resorts India Ltd posts consolidated loss of Rs 10 16 crore equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Mahindra Holidays posts ₹10-cr loss in fourth quarter
May 03, 2021
Revenue declines 24% to ₹465 crore
Mahindra Holidays has reported a loss of ₹10.1 crore during Q4 of FY21 compared to a profit of ₹164 crore in the corresponding period of last year. Its revenue from operations for the quarter that ended on March 31, 2021 was ₹465 crore, a decline of 24 per cent over the corresponding previous period.
The consolidated turnover was at ₹496.2 crore for Q4 FY21 as against ₹631.4 core in Q4 FY20. The company has managed to bring down its expenses by over ₹80 crore from the previous fiscal. Its total expenses for this quarter stood at ₹507 crore compared to ₹590 crore at the same time last fiscal.