Mahindra Holidays Q2 net up by 15 percent

Mahindra Holidays' Q2 Operating Income Up by 15%

Mumbai, 29th October 2013:  Mahindra Holidays & Resorts India Limited (MHRIL), one of India’s leading leisure hospitality providers and part of the $16.2 billion Mahindra Group, announced its second quarter results.

  Highlights FY- 2014 Q2 results:

 Operating income grew by 15 % 

 The 2nd quarter Operating Income was at INR 189 Crs. up by 15 % over the same quarter last year. The net profit after tax (PAT) was at INR 29 Crs., up 7 % over the same quarter last year.

  In the recent past, new domestic resorts introduced at Kandaghat (near Shimla), Jaisalmer and Udaipur in Rajasthan, Kumarakom, Cherai Beach and Poovar in Kerala and Virajpet (near Coorg) have made the network the largest for any vacation ownership company.  In addition, Mahindra Holidays has been the first to create an international footprint through its presence in Bangkok and Dubai.

  

Mr. Arun Nanda, Chairman, MHRIL said, “Mahindra Holidays will continue to pioneer improvements in the vacation ownership industry. Service enhancement and member satisfaction remains a priority.”

 Mr. Rajiv Sawhney, Managing Director & CEO, MHRIL said, “As leaders in the vacation ownership category, our new brand look and promise is a renewal of our vow to remain committed to customer delight. Significant service upgrades, an online booking system for members, and reinvigorated resorts and holiday experiences are a visible manifestation of this promise.”

  The company’s flagship brand, Club Mahindra, recently unveiled its new brand identity, which is inspired by the thought, ‘Make Every Moment Magical’. The thought reflects the ethos of the organization which strives to create magical experiences for the entire family during their holidays.

 New projects in Kanha in Madhya Pradesh and Naldehra near Shimla (Himachal Pradesh) are progressing on schedule.