<p>Mahindra Holidays and Resorts India Ltd reported a 30.7 per cent drop in profit for the second-quarter on Wednesday, hit by higher expenses and a fall in revenue at its European operations.</p>.<p>Consolidated profit after tax for the quarter ended Sept. 30 fell to Rs 40.86 crore from Rs 58.97 crore a year earlier, the company said in an exchange filing.</p>.<p>Total expenses rose to Rs 575 crore from Rs 515 crore.</p>.<p>Companies globally ranging from white goods makers to hotel operators have taken a hit to their profits from higher labor and input costs in recent quarters.</p>.<p>Mahindra Holidays' total revenue from operations rose 9.5 per cent to Rs 598 crore. Revenue from its Finnish business declined to Rs 311 crore from Rs 321 crore</p>.<p>The company had said in July that its European business saw unprecedented cost pressures due to high inflation. </p>
<p>Mahindra Holidays and Resorts India Ltd reported a 30.7 per cent drop in profit for the second-quarter on Wednesday, hit by higher expenses and a fall in revenue at its European operations.</p>.<p>Consolidated profit after tax for the quarter ended Sept. 30 fell to Rs 40.86 crore from Rs 58.97 crore a year earlier, the company said in an exchange filing.</p>.<p>Total expenses rose to Rs 575 crore from Rs 515 crore.</p>.<p>Companies globally ranging from white goods makers to hotel operators have taken a hit to their profits from higher labor and input costs in recent quarters.</p>.<p>Mahindra Holidays' total revenue from operations rose 9.5 per cent to Rs 598 crore. Revenue from its Finnish business declined to Rs 311 crore from Rs 321 crore</p>.<p>The company had said in July that its European business saw unprecedented cost pressures due to high inflation. </p>