Mahindra Holidays net profit up to 41.3%

Mahindra Holidays net profit up to 41.3%Mahindra Holidays and Resorts have announced its first quarter for the year 2010 and have registered a remarkable hike in its net profit. The net profit of the company has increased by 41.3% in this quarter.

The company has earned Rs 117.84-crore during the period as net profit. It was around Rs 83.41-crore in the previous year for the same quarter.

The total operating income for the year has also seen a hike of 16% and has touched to Rs 510.2-crore. It was Rs 440.33-crore in the last fiscal. Mahindra Hospitality and Resorts India's Chairman, Arun Nanda has informed that after the global economic downturn and the recession, the company has managed to produce a remarkable performance.

With the economic recovery Mahindra Holidays and Resorts has also performed well. The company has become a leading player in the relevance of the leisure industry and hospitality in India. He has also expressed his contentment for this hike in profit.

The company has added 24,389 new members in this year. Now the total number of members has reached to 1,09,884.