ALFA Finder| Revenue growth | Standalone up 3%; resort revenue up 10% YoY. |
|---|---|
| Margins | Down 22Cr YoY due to renovation costs and European losses. |
| Demand visibility | Strong domestic demand; 86.7% occupancy despite limited international travel. |
| Management confidence | Balanced but cautious regarding European turnaround and renovation timelines. |
Growth
Standalone income up 3% YoY to 424Cr; resort revenue grew 10% YoY. Keystone sales value rose 22% with unit realization up 73%.
Outlook
Targeting 1,000 gross keys in FY27; 'Keystone' upgrades and resort stabilization expected in H2 FY27.
Risks
European losses widened by 20Cr; 400 keys offline for renovation causing short-term occupancy and profit drag.
Last quarter's promises, checked
Delivered
- Guided 900 key additions in FY26 → delivered 900 keys (= BEAT)
- Guided 80%+ occupancy → delivered 80.7% (= BEAT)
- Guided Keystone AUR jump → delivered 73% unit realization increase (= BEAT)
Partly delivered
- Guided 1,000+ keys in FY27 → current results show 400 keys offline (= PARTIAL)
Missed
- Guided FY27 resort additions → delivered 400 keys offline for renovation (= MISS)
- Guided European business improvement → delivered 20Cr widened loss (= MISS)
Earnings Call Transcript filed with BSE, NSE: MHRIL. Summary written with AI assistance from 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.
More from Mahindra Holidays & Resorts India Ltd
All →Mahindra Holidays & Resorts India Other Announcement
Mahindra Holidays notified exchanges that its registrar KFin Technologies will move its corporate office from 1 Dec 2026. The registered office and contact details are unchanged.
Mahindra Holidays & Resorts India Management Change
Mahindra Holidays' Chief Projects Officer, Manish Goel, resigned to pursue external opportunities, effective close of business November 2, 2026. The resignation is a senior management change.
Mahindra Holidays & Resorts India Earnings Call Transcript: Key Takeaways
Mahindra Holidays reported solid top-line growth but faces margin pressure due to renovation and scaling costs. Management remains focused on aggressive inventory expansion and their new 'Keystone' premium product.
Mahindra Holidays & Resorts India Investor Presentation: Key Takeaways
MHRIL reports Q2 FY27 standalone income growth of 4% YoY but EBITDA/PAT fell 12%/16% due to growth-linked costs. Consolidated income rose 9% YoY driven by resort revenue and Holiday Club Resorts performance.
Mahindra Holidays & Resorts India Results Update
MHRIL reported Q2 FY27 consolidated PAT of ₹19.7 Cr, up 17% YoY. Sales rose 6% to ₹141 Cr and resort revenue grew 15% to ₹96 Cr.
Mahindra Holidays & Resorts India Q2 FY27 Results: Net Profit ₹19.7 Cr, Up 16.6% YoY
Mahindra Holidays & Resorts India Ltd reported revenue from operations of ₹784.1 Cr (+9.3% YoY) and net profit of ₹19.7 Cr (+16.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹19.7 Cr · +16.6% YoY