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Time of India
a day ago
- Business
- Time of India
Mahindra Holidays acquires Finnish mutual real estate company KKOSS
Chennai: Mahindra Holidays & Resorts India has, through its Finland-based subsidiary, acquired 100% stake in Finnish mutual real estate company Keskinäinen Kiinteistö Oy Salla Star (KKOSS) for a cash consideration of Rs 2.35 crore. The deal was done through the Finland incorporated Holiday Club Resorts Oy (HCR), which is a wholly owned subsidiary of Covington Sarl (Covington), which is a wholly owned subsidiary of MHR Holdings (Mauritius) which is a wholly owned subsidiary of Mahindra Holidays & Resorts India. KKOSS is primarily in the business of owning and managing the property located in Block 26 in the village of Märkäjärvi, in the municipality of Salla, Finland, the company said in a stock market notification on Thursday. HCR has acquired 100% stake in KKOSS comprising 448 shares, said the notification. The turnover of KKOSS for calendar year 2024 was Rs 5.13 lakh.
Business Standard
25-04-2025
- Business
- Business Standard
Mahindra Holidays & Resorts India consolidated net profit declines 11.27% in the March 2025 quarter
Sales decline 2.67% to Rs 778.83 crore Net profit of Mahindra Holidays & Resorts India declined 11.27% to Rs 73.08 crore in the quarter ended March 2025 as against Rs 82.36 crore during the previous quarter ended March 2024. Sales declined 2.67% to Rs 778.83 crore in the quarter ended March 2025 as against Rs 800.19 crore during the previous quarter ended March 2024. For the full year,net profit rose 10.45% to Rs 127.59 crore in the year ended March 2025 as against Rs 115.52 crore during the previous year ended March 2024. Sales rose 2.82% to Rs 2780.85 crore in the year ended March 2025 as against Rs 2704.60 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 778.83800.19 -3 2780.852704.60 3 OPM % 26.2423.42 - 20.7818.98 - PBDT 194.28195.14 0 558.54496.13 13 PBT 102.41109.10 -6 192.53159.52 21 NP 73.0882.36 -11 127.59115.52 10
