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Earnings Call

Mahindra Holidays & Resorts India Earnings Call: Key Takeaways

Mahindra Holidays achieved record inventory expansion and strong India profitability but was severely dragged down by its Finnish subsidiary, leading to a full write-off of the Mauritian holding entity.

Highlights
Revenue growthStandalone revenue grew 4% YoY; resort income up 11%.
MarginsStandlone EBITDA margin at 36.7% vs 31.8% YoY.
Demand visibilityStrong domestic occupancy at 82%; 80% utilization maintained.
Management confidenceConfident on India demand; cautious on European turnaround.

Growth

Standalone EBITDA margins expanded 220 bps; record 900 keys added in FY26.

Outlook

Targeting 1,000+ new keys in FY27; ₹1,500cr cash earmarked for capex.

Risks

Geopolitical headwinds in Finland and high credit rejections for new sales in Europe.

Source

Earnings Call filed with BSE, NSE: MHRIL. Summary written with AI assistance from the document.

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Mahindra Holidays & Resorts India Ltd: key numbers

Share price
₹200.00
Market cap
₹4,041 Cr
Revenue (annual)
₹2,992 Cr
Net profit (annual)
₹69.51 Cr
P/E (TTM)
76.3×Sector 43.7×
Promoter holding
66.73%-0.01% QoQ
FII holding
4.01%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Mahindra Holidays & Resorts India Employee Stock Options

Designated persons Rohit Malik and Ashutosh Pandey acquired 5,461 and 7,064 equity shares respectively through ESOP allotments. These transactions are part of routine employee stock disclosures.

Value
₹0.01 Cr
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Mahindra Holidays & Resorts India Legal & Regulatory

Mahindra Holidays & Resorts India Limited received a Show Cause Notice from Karnataka GST authorities. The notice demands Rs. 9.78 Crore including tax, interest, and penalty.

Value
₹9.78 Cr