Vijay Kedia portfolio stock in focus after stellar Q1 earnings. Check details
[hfe_template id='11223']
[ad_1]
Vijay Kedia portfolio stock Mahindra Holidays & Resorts will be in focus on Thursday following a 69% year-on-year jump in its standalone net profit in the June ended quarter to Rs 76 crore versus Rs 45 crore in the year ago period. The revenue from operations increased 5% to Rs 369 crore versus Rs 351 crore in the corresponding quarter of the last financial year. The total income in the quarter under review stood at Rs 411 crore which was up 7% YoY over Rs 384 crore in the year ago period. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) in the April-June quarter stood at Rs 161 crore, a 42% surge compared to Rs 113 crore in the year ago period. As per the BSE shareholding data, Kedia held 20,25,000 equity shares which represented 1% stake in the company. After remaining a laggard, the stock has seen a bounce back in the past 6 months with the share rallying 12%. It has outperformed the headline indices BSE ...