Mahindra Holidays Q4FY18 PAT jumps 21.2 per cent

Mahindra Holidays and Resorts reported its results for the quarter ended March 31, 2018.

The company’s standalone revenue for the quarter came in at Rs 296.15 crore, registering a decline of 2.5 per cent YoY.

Its EBITDA for the quarter rose by 5.7 per cent YoY to Rs 62.52 crore, with a corresponding margin expansion of 163 bps. Its EBITDA margin for the quarter stood at 21.1 per cent.

The PAT for the quarter came in at Rs 38.56 crore, an increase of 21.2 per cent YoY.

Looking at the full year numbers, we see that the revenue declined by 1 per cent to reach Rs 1064.18 crore, while EBITDA fell by 5 per cent to Rs 231.98 crore. The company reported net profit of Rs 134.36 crore, up by 3 per cent YoY.

During Q4FY18, the addition in members stood at 6,321, up by 2.3 per cent YoY and by 50.7 per cent sequentially.

On Tuesday, the stock opened at Rs 314 and touched an intra-day high and low of Rs 321.90 and Rs 310.10, respectively, and finally closed at Rs 317 on the BSE.

The board of directors has recommended a dividend of Rs 4 per share.