Mahindra Holidays & Resorts India Q1 consolidated net loss narrows to Rs 21.38 cr; total income at Rs 418.29 cr

PTIUpdated: Thursday, July 29, 2021, 09:59 PM IST
article-image
"The Board of Directors announced the issue of bonus shares in the ratio of 1:2, i.e. 1 bonus equity share for each 2 fully paid equity shares held," Mahindra Holidays said. |

Mahindra Holidays & Resorts India on Thursday reported narrowing of its consolidated net loss to Rs 21.38 crore for the quarter ended June 30, 2021.

The company had posted a net loss of Rs 32.37 crore for the corresponding period of the previous fiscal, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a regulatory filing.

Consolidated total income stood at Rs 418.29 crore for the quarter under consideration. It was Rs 325.20 crore for the same period a year ago, it added.

"The Board of Directors announced the issue of bonus shares in the ratio of 1:2, i.e. 1 bonus equity share for each 2 fully paid equity shares held," MHRIL said.

MHRIL MD and CEO Kavinder Singh said, "Despite the extremely adverse situation caused by the second wave of pandemic, we have delivered a strong performance during the quarter."

The company's business model is unique and resilient and it has seen recovery in member additions as the second wave began to recede from mid-June onwards, he added.

Shares of Mahindra Holidays & Resorts India closed at Rs 318.60 per scrip on BSE, up 0.11 percent from its previous close.

(If you have a story in and around Mumbai, you have our ears, be a citizen journalist and send us your story here. )

(To receive our E-paper on WhatsApp daily, please click here.  To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Maharashtra: Karan Adani, Anant Ambani on economic advisory panel along with Tata sons chairman

Maharashtra: Karan Adani, Anant Ambani on economic advisory panel along with Tata sons chairman

ED seizes almost ₹1,000 cr linked to crypto frauds

ED seizes almost ₹1,000 cr linked to crypto frauds

G20 Summit: Go First to operate chartered flights for meetings across India

G20 Summit: Go First to operate chartered flights for meetings across India

NITI Aayog CEO credits PLI schemes for attracting Rs 45,000 cr in investments

NITI Aayog CEO credits PLI schemes for attracting Rs 45,000 cr in investments

ChatGPT will pull off Cyberattacks and phishing scams this year: Experts

ChatGPT will pull off Cyberattacks and phishing scams this year: Experts