Key Points
BENGALURU, July 25 (Reuters) - Mahindra Holidays and Resorts India (MAHH.NS) reported a 99% slump in first-quarter profit on Tuesday, hit by higher expenses and widening losses in Europe...
Consolidated net profit for the company, known for its flagship resorts brand "Club Mahindra," was 1.8 million rupees ($21,992.90) for the quarter through June 30, compared with 297.3 million rupees a year earlier...
Revenue from operations rose 1.6% to 6.14 billion rupees...
The Mahindra Group company, however, was optimistic about this quarter, citing the summer holiday season and a pick up in domestic travel from the last week of June..
You might be interested in
V-Guard posts Q3 profit beat on sturdy demand across segments
01, Feb, 24V-Guard Industries, an electronic products maker, reported Q3 profit of 582.4 million rupees ($7 million), exceeding estimates. The company experience
India's Barbeque-Nation posts second consecutive quarterly loss
06, Nov, 23India's Barbeque-Nation Hospitality (BARQ.NS) on Monday reported a loss for a second straight quarter, hurt by slowing demand and rising expenses.
Warner Bros earns $50 million in Q1 from online TV; total subscribers plunges to 97.6 million
06, May, 23The company reported a surprise profit in streaming TV as its legacy cable networks continued to lose advertising and viewers.
India’s Brigade Enterprises Q4 profit doubles on lower expenses, one-time gain
24, May, 23The company said it had earmarked 170 million rupees as losses related to maintaining property, plant and equipments during the pandemic.
Berkshire Hathaway exits India's Paytm in $165 million deal
24, Nov, 23BENGALURU (Reuters) - Berkshire Hathaway has exited India's Paytm after selling its entire stake in the company for about 13.71 billion rupees ($164.70 million) through a bulk deal on Friday.
'Post-it' maker 3M India's Q1 profit rises on robust demand
10, Aug, 233M India (TMIN.NS) reported an over 53% rise in first-quarter profit, aided by strong demand in its transportation and electronics and safety and industrial businesses.
Grasim Industries Q4 profit plunges 91% on weak demand, chemical prices
26, May, 23Aditya Birla Group-owned Grasim Industries Ltd reported a decline in net profit for the third straight quarter on Friday, as weakened demand for its textile products and falling chemicals prices weighed.
India's Mahindra Holidays' Q2 profit nearly halves
23, Oct, 23Mahindra Holidays and Resorts India (MAHH.NS) posted a 47.8% drop in second-quarter profit on Monday, dragged down by its European business and higher expenses.
India's Orient Electric posts Q2 profit on one-time gain, steady demand
03, Nov, 23Appliances maker Orient Electric (ONTE.NS) on Friday reported a second-quarter profit, aided primarily by a one time gain from land sale and buoyed by steady demand for its consumer durables business.
India's V-Guard posts Q2 profit in line with estimates
31, Oct, 23India's V-Guard Industries (VGUA.NS) reported second-quarter profit on Tuesday in line with analyst estimates, as more Indians bought air conditioner stabilisers and inverters in a quarter that saw the country's driest monsoon in over a century.