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Earnings Call

Mahindra Holidays & Resorts India Earnings Call: Key Takeaways

MHRIL reported Q4 FY26 standalone total income of ₹407cr with EBITDA margins expanding 180bps to 34.9%. Management highlighted a record 900 keys added in FY26 and the launch of the 'Keystone' product portfolio.

Why this was an Alfa AlertNot a filter event. Results were positive but no explicit material beat (>5%) over prior guidance ranges was confirmed.
Highlights
Revenue growthStandalone operating income up 4.3%; resort income up 11% in Q4.
MarginsStandalone EBITDA margins expanded significantly to 34.9% in Q4.
Order bookAUR jumped 30% to ₹14 lakhs including upgrades.
Demand visibilityStrong utilization >80%; double-digit resort revenue growth.
Management confidenceHigh on India business expansion and 'Keystone' product adoption.

Growth

Standalone Q4 PAT (excl. one-offs) grew 22% YoY; full-year standalone EBITDA margin improved to 36.7% vs 31.8% FY25.

Outlook

Targeting 1,000+ key additions in FY27; plans to triple revenue within the decade; Ganpatipule resort live by Q3 FY27.

Risks

Geopolitical headwinds and adverse weather in Finland impacted European subsidiary; ₹234cr impairment taken on Mauritius entity.

Source

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

Read the document ↗

Mahindra Holidays & Resorts India Ltd: key numbers

Share price
₹200.79
Market cap
₹4,058 Cr
Revenue (annual)
₹2,992 Cr
Net profit (annual)
₹69.51 Cr
P/E (TTM)
73.7×Sector 47.2×
Promoter holding
66.73%+0.00% QoQ
FII holding
3.41%Current quarter

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

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