Mahindra Holidays & Resorts India Reports Q1 Net Loss Of Rs 32.37 Cr
Mahindra Holidays & Resorts India Ltd (MHRIL) on Friday reported a consolidated net loss of Rs 32.37 crore for the quarter ended June 30, 2020 on account of the coronavirus lockdown.
The company had posted a net profit of Rs 78.52 lakh for the corresponding period of the previous fiscal, MHRIL said in a filing to BSE.
Consolidated total income of the company stood at Rs 325.20 crore for the quarter under consideration. It was Rs 626.12 crore for the same period a year ago, it added.
As on July 31, 2020, MHRIL has re-opened 20 resorts. "As our members start holidaying, once travel restrictions are eased off, we expect our occupancies to go up," the company said.
Shares of Mahindra Holidays & Resorts India closed at Rs 157.70 per scrip on BSE, up 0.54 per cent from its previous close.
Coutts Sets Scope On New Continent
Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more
From Cypherpunk To Citadel
How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more
ACB Securities: Building Scale, Trust & Innovation
ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more
War Risk Returns To Markets As VIX Surges
For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more
Stablecoin The Future Of Currency?
The payments system is undergoing a quiet but consequential shift. What was once the exclusive preserve of central banks... Read more
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more