Top Story


Home >> Marketing >> Article

Mahindra Holidays & Resorts Q3 FY16 total income up 15% YoY to Rs 241 crore

Font Size   16
Mahindra Holidays & Resorts Q3 FY16 total income up 15% YoY to Rs 241 crore

Mahindra Holidays & Resorts India Limited (MHRIL), India’s leading leisure hospitality provider has announced its financial results for Q3 FY16.

For the third quarter ended December 31, 2015, total income stood at Rs 241 Crore as against Rs 209.5 Crore in Q3 FY15, up 15% YoY. Profit after Tax (PAT) for Q3 FY16 stood at Rs 31.2 Crore as against Rs. 23.4 Crore in the last fiscal, an increase of 33%.

For the first nine months of the fiscal (9MFY16), total income stood at Rs 708.3 Crore as against Rs 600.3 Crore in 9MFY15, 18% increase YoY. While Profit after Tax (PAT) stood at Rs 85.2 Crore compared to Rs 68.6 Crore in Q3 FY15, up by 24%.

Commenting on the results, Kavinder Singh, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Limited said, “Our proposition of family leisure vacations through the vacation ownership model is gaining traction as seen by growth in new member additions, resort income, total income and improved Profit Before Tax margin. This has been achieved through prudent cost management actions and focus on operating metrics such as member satisfaction levels and a healthy inventory position, despite the overall weak sentiment in the consumer discretionary space”. 

Mahindra Holidays & Resorts India Limited (MHRIL) offers quality family holidays primarily through vacation ownership memberships.

Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

Launches third phase of TVC campaign ‘Think it. Done’

Based in Mumbai, Usha has nearly two decades of experience in the Indian media and entertainment sector and will serve as a strategic advisor to H+K’s diverse portfolio of clients with a special empha...

Report based on media channel data in 96 countries and detailed findings from the world‘s key ad markets, which between them account for approximately two-thirds of the value of global advertising tra...