Sunday, September 24, 2023

Mahindra Holiday & Resorts Books Net Lower in Q2 Shares Down

Must read

Shreya Christinahttps://cafe-madrid.com
Shreya has been with cafe-madrid.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider cafe-madrid.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Timeshare resort major Mahindra Holidays & Resorts India Ltd ended the second quarter of FY23 with lower net income on higher income.



According to the company, for Q2FY23, it posted a profit of about Rs 30.90 crore (Q2FY22 profit of about Rs 40.55 crore) on an operating revenue of about Rs 283.60 crore (Rs 237.66 crore).

The company’s total expenses for the reporting period increased by about Rs 49.75 crore during Q2FY23 compared to the same period last year.

The board of directors of the company, which met on Wednesday, also decided to move the registered office of Tamil Nadu until Maharashtra and the amendment of the Memorandum of association subject to shareholder and central government approval.

The price of the company after opening at Rs 286.15 fell and changed hands at around Rs 279 per share.

ALSO SEE:

Electric mobility platform MoEving raises $2.5 million from JSW Ventures


Reliance Capital bidders flag multiple legal issues over Rs 20,000 crore liability

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Contents