Mahindra Holidays & Resorts Q1 Results Live : profit rise by 3153.78% YOY

Mahindra Holidays & Resorts Q1 Results Live : Mahindra Holidays & Resorts announced their Q1 results on 25 Jul, 2024, showcasing a 6.28% increase in revenue and an impressive 3153.78% rise in profit year-over-year.

However, the company experienced a decline of 18.41% in revenue and a significant 92.85% drop in profit compared to the previous quarter.

Despite the quarterly fluctuations, Mahindra Holidays & Resorts managed to reduce Selling, general & administrative expenses by 0.52% quarter-over-quarter, while seeing a 2.58% increase year-over-year.

The operating income followed a similar pattern, decreasing by 83.59% from the previous quarter but soaring by 524.65% compared to the same quarter last year.

The EPS for Q1 stood at ₹0.29, marking a substantial 2800% increase year-over-year for the company.

In terms of market performance, Mahindra Holidays & Resorts delivered returns of 5.47% in the last week, 19.99% in the last 6 months, and 25.9% year-to-date.

As of now, the company boasts a market capitalization of ₹9617.3 Cr with a 52-week high/low stock price of ₹505 and ₹328.3 respectively.