Mahindra Holidays & Resorts India Posts Sharp Decline in Fiscal Q4 Consolidated Net Profit
Mahindra Holidays & Resorts India (NSE:MHRIL, BOM:533088) posted a sharp decline in its consolidated attributable net profit to 415.6 million Indian rupees in fiscal fourth quarter, from 730.8 million rupees a year ago.Earnings per share during the quarter ended March 31 dropped to 2.06 rupees from 3.62 rupees, according to a Monday filing to the Indian stock exchanges by the hospitality firm.Revenue from operations in fiscal Q4, however, rose to 8.20 billion rupees from 7.79 billion rupees a year earlier.