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from BUSINESS LINE, October 31, 2009 Mumbai, Oct. 30 - Increase in confirmed holiday room nights and growth in number of apartments led Mahindra Holidays & Resorts India (MHRIL) to post a net profit of Rs 28 crore for the second quarter ended September 30, 2009.
The company, which got listed on the exchanges in July 2009, posted a net profit of Rs 34 crore in the preceding quarter of April-June.
A Mahindra group company, it offers family holidays primarily through vacation ownership memberships.
In a statement, Mr Ramesh Ramanathan, Managing Director, said there has been an increase of 45 per cent in the confirmed room nights over the same period last …