Hot Pursuit     14-Sep-23
Mahindra Holidays rises on signing MoU with Govt for resorts in Uttarakhand
Mahindra Holidays & Resorts India gained 2.64% to Rs 400.95 after the company signed a memorandum of understanding (MoU) with the Government of Uttarakhand to establish and develop Club Mahindra Resorts in the State of Uttarakhand.
The company stated that the estimated investment for the above development of Club Mahindra Resorts is expected to be approximately Rs 1,000 crore to be made over the next few years.

Mahindra Holidays & Resorts India, India's leading company in the leisure hospitality industry, offers quality family holidays primarily through vacation ownership memberships. While Club Mahindra is the flagship brand, the other brands offered by the company are — Club Mahindra Fundays and Svaastha Spa.

The company reported a consolidated net profit of Rs 29.73 crore in Q1 FY23 as against a net loss of Rs 21.43 crore in Q1 FY22. Net sales rose 63.1% YoY to Rs 604.85 crore in Q1 FY23.

Previous News
  Mahindra Holidays & Resorts India reports consolidated net profit of Rs 11.65 crore in the December 2023 quarter
 ( Results - Announcements 02-Feb-24   15:38 )
  Mahindra Holidays incorporates subsidiary in Maharashtra
 ( Hot Pursuit - 25-Aug-22   09:49 )
  Club Mahindra's Kumbhalgarh, Madikeri, Ooty, and Udaipu resorts receive IGBC Gold Certification
 ( Corporate News - 03-Jul-24   16:10 )
  Mahindra Holidays gains after Q3 PAT rises 75% YoY
 ( Hot Pursuit - 03-Feb-23   15:11 )
  Mahindra Holidays & Resorts India reports consolidated net loss of Rs 10.17 crore in the March 2021 quarter
 ( Results - Announcements 03-May-21   15:54 )
  Mahindra Holidays & Resorts India reports consolidated net profit of Rs 16.25 crore in the March 2022 quarter
 ( Results - Announcements 02-May-22   16:10 )
  Mahindra Holidays & Resorts India appoints Chief Business Officer
 ( Corporate News - 23-Feb-24   18:38 )
  Mahindra Holidays & Resorts India to hold board meeting
 ( Corporate News - 01-Apr-23   10:44 )
  Volumes jump at Mahindra Holidays & Resorts India Ltd counter
 ( Hot Pursuit - 12-Apr-23   11:00 )
  Mahindra Holidays jumps on reporting turnaround Q3 numbers
 ( Hot Pursuit - 02-Feb-24   15:59 )
  Mahindra Holidays & Resorts India to convene board meeting
 ( Corporate News - 13-Jul-21   11:54 )
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