The company's net profit rose 23.8% to Rs 17.90 crore on a 11.5% rise in net sales to Rs 233.54 crore in Q2 September 2019 over Q2 September 2018.

EBITDA jumped 57.1% to Rs 56.19 crore on YoY basis. EBITDA margin improved to 22.5% in Q2 2019 as against 16.1% in Q2 2018.

Mahindra Holidays & Resorts India is a leading player in the leisure hospitality industry. The company is a part of Mahindra Group and is the market leader in the business with their famous ‘Club Mahindra'.

Meanwhile, the S&P BSE Sensex was trading 0.46% lower at 40,115.00