Mahindra Holidays and Resorts Ltd has posted a 12 per cent growth in its profits at Rs 27 crore in the second quarter of FY’13 against the year-ago period.

Revenues for the July-September quarter also grew 11 per cent to Rs 165 crore over the same period last year. Initiatives such as “The Monsoon @ Club Mahindra” resulted in a significant increase in resort utilisation.

MHRIL, the country’s largest vacation ownership company and a part of the $15.4-billion Mahindra Group, also witnessed a strong growth in its member base at 150,000 thus taking it into the list of top 10 vacation ownership companies globally.

The company, in the last 10 months, added over 780 rooms to its inventory across 43 resorts in India and abroad thus representing a 48 per cent growth in occupancy.

“Our growth in inventory and large member base will give a huge positive momentum to the business. Using our unique expertise in the fiel, we will continue to raise the bar on member service and satisfaction,” said Arun Nanda, Chairman, Mahindra Holidays and Resorts.

Priyanka.pani@thehindu.co.in