*Mahindra Holidays & Resorts India Ltd.* | *CMP* Rs. 254 | *M Cap* Rs. 5091 Cr | *52 W H/L* 257/107
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 546.4 Cr (47.3% QoQ, 13.5% YoY) vs QoQ Rs. 370.9 Cr, YoY Rs. 481.4 Cr
EBIDTA came at Rs. 118.4 Cr (325.4% QoQ, 26.5% YoY) vs QoQ Rs. 27.8 Cr, YoY Rs. 93.5 Cr
EBITDA Margin came at 21.7% vs QoQ 7.5%, YoY 19.4%
Adj. PAT came at Rs. 59 Cr vs QoQ Rs. -21.4 Cr, YoY Rs. 24.6 Cr
Quarter EPS is Rs. 2.9
Share is trading at P/E of 38.5x FY22E EPS