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NEWS: Mahindra Holidays Q2 net at Rs 28 cr.

Business Line

| October 31, 2009 | COPYRIGHT 1999 Kasturi & Sons Ltd. (Hide copyright information)Copyright

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 …

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