India's Mahindra Holidays down after Q2 profit fall

Mahindra Holidays and Resorts India

23/10/2023 10:56

** Shares of Mahindra Holidays & Resorts India  MAHH.NS 
down 8.9% at 408.50 rupees
    ** Leisure hospitality provider reports near 48% Y/Y fall in
Q2 net profit, while revenue rose 9.5% Y/Y
    ** Total expenses jumped nearly 11%, led by employee
benefits expenses
    ** Stock on track for fourth consecutive session of losses
    ** More than 927,000 shares change hands, 2.9x 30-day avg,
as of 3:18 p.m. IST
    ** Stock up 53% YTD

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))