India News | Mahindra Holidays & Resorts India Q1 Net Loss at Rs 32.37 Cr
Get latest articles and stories on India at LatestLY. Mahindra Holidays & Resorts India Ltd (MHRIL) on Friday reported a consolidated net loss of Rs 32.37 crore for the quarter ended June 30, 2020 on account of the coronavirus lockdown.
New Delhi, July 31 (PTI) Mahindra Holidays & Resorts India Ltd (MHRIL) on Friday reported a consolidated net loss of Rs 32.37 crore for the quarter ended June 30, 2020 on account of the coronavirus lockdown.
The company had posted a net profit of Rs 78.52 lakh for the corresponding period of the previous fiscal, MHRIL said in a filing to BSE.
Consolidated total income of the company stood at Rs 325.20 crore for the quarter under consideration. It was Rs 626.12 crore for the same period a year ago, it added.
As on July 31, 2020, MHRIL has re-opened 20 resorts. "As our members start holidaying, once travel restrictions are eased off, we expect our occupancies to go up," the company said.
Shares of Mahindra Holidays & Resorts India closed at Rs 157.70 per scrip on BSE, up 0.54 per cent from its previous close.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)