Mahindra Holidays & Resorts India Ltd (NSE:MHRIL)
₹ 428 2.35 (0.55%) Market Cap: 86.45 Bil Enterprise Value: 102.63 Bil PE Ratio: 50.23 PB Ratio: 16.50 GF Score: 72/100
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Q2 2024 Mahindra Holidays and Resorts India Ltd Earnings Call Transcript

Oct 23, 2023 / 10:30AM GMT
Release Date Price: ₹408.6 (-8.85%)
Operator

Ladies and gentlemen, good day, and welcome to the Mahindra Holidays & Resorts Ltd. Q2 and H1 FY '24 Earnings Conference Call. (Operator Instructions). Please note that this conference is being recorded.

I now hand the conference over to Mr. Kavinder Singh, Managing Director and CEO of Mahindra Holidays & Resorts Ltd. Thank you, and over to you, sir.

Kavinder Singh
Mahindra Holidays & Resorts India Limited - CEO, MD & Executive Director

Thank you. Good evening, everyone, and a very warm welcome to our quarter 2 earnings call. On the call with me today, we have Mr. Ram Mundra, our interim CFO. You can find our quarterly results and investor presentation referred to in our remarks today on the stock exchanges and our company website. I hope you all have had a chance to go through them.

Let me begin with talking a little bit about the industry. At an industry level, quarter 2, it's a very similar trend from last quarter. Occupancy levels are getting normalized at about 61% after reaching post-pandemic high of 71% in February '23

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