Latest News | Mahindra Holidays & Resorts India Q2 Profit Up 18 Pc to Rs 28.7 Cr

New Delhi, Oct 29 (PTI) Mahindra Group firm Mahindra Holidays & Resorts India Ltd (MHRIL) on Thursday reported a 17.81 per cent rise in its consolidated net profit to Rs 28.77 crore for the quarter ended on September 30, 2020.

Also Read | OnePlus 8T Cyberpunk 2077 Limited Edition Teased by CEO Pete Lau on Weibo.

The company had posted a net profit of Rs 24.42 crore for the corresponding period of the previous fiscal, MHRIL said in a filing to BSE.

Also Read | Green Blackberries Shown At Dharamshala Film Festival 2020.

Consolidated total income of the company stood at Rs 510.81 crore for the quarter under consideration. It was Rs 573.83 crore for the same period year ago, it added.

MHRIL MD and CEO Kavinder Singh said that the company's resilient business model along with effective cost control measures has stood the test of extremely trying times.

Shares of Mahindra Holidays & Resorts India Ltd closed at Rs 166.40 on BSE, up 0.94 per cent from the 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)