Mahindra Holidays & Resorts India Limited (MHRIL) has announced its financial results for the quarter ended December 31, 2014. The company’s total income stands at Rs. 209.6 crores, up 6.7 per cent YoY. The EBITDA stands at Rs. 50 crores, up 22.9 per cent YoY. The Profit after Tax (PAT) for the quarter was Rs. 23.5 crores, up 15.6 per cent YoY.
Commenting on the third-quarter results, Arun Nanda, Chairman, MHRIL said, “We have begun to see the results of the efforts made in the last few quarters in the areas of process improvements and cost rationalisation. I believe that this trend will continue.”
Kavinder Singh, Managing Director and Chief Executive Officer, MHRIL stated, “New member additions have improved this quarter and we are on track in terms of creating ‘consumer pull’ for our core vacation ownership product. Our continuing thrust on creating differentiated experiences for members is helping to increase referrals from our existing members, which augurs well for our business. Work on adding new destinations is progressing well.”
