| Revenue growth | Standalone +4% YoY; Consolidated +9% YoY. |
|---|---|
| Margins | Compressed margins due to higher employee and operational costs. |
| Order book | Cumulative member base at 3,02,886. |
| Demand visibility | Strong; occupancy up 220 bps to 76% YoY. |
| Management confidence | High on premiumization and scaling the core. |
Growth
Standalone Income: ₹395.3Cr (+4%); Consolidated Income: ₹819.7Cr (+9%); Standalone PAT: ₹43.3Cr (-16%). Resort revenue grew 15%.
Outlook
Ongoing capex of ₹312Cr in H1FY27 for resort transformations and adding ~1k keys through 8 projects.
Risks
Growth-linked costs impacting profitability; standalone EBITDA margin compressed from 36.9% to 31.5% YoY.
Last quarter's promises, checked
Delivered
- Guided ~1k gross keys addition in FY27 → delivered 8 projects ongoing (= BEAT)
- Guided H2 strong growth focus → delivered 15% resort revenue growth in Q2 (= BEAT)
- Guided 300-400 keys exit over 3 quarters → delivered 6 underperforming resorts exit (= BEAT)
Partly delivered
- Guided profitability improvement over time → delivered 17% consolidated PAT growth but 16% standalone PAT decline (= PARTIAL)
Missed
- Targeted 3x revenue growth FY20-FY30 (17-18% CAGR) → delivered 4% standalone revenue growth (= MISS)
Investor Presentation filed with BSE, NSE: MHRIL. Summary written with AI assistance from the document.
Mahindra Holidays & Resorts India Ltd: key numbers
- Share price
- ₹183.25
- Market cap
- ₹3,703 Cr
- Revenue (annual)
- ₹2,992 Cr
- Net profit (annual)
- ₹69.51 Cr
- P/E (TTM)
- 67.2×Sector 43.4×
- 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 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 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
Mahindra Holidays & Resorts India Other Announcement
The filing contains the company's quarterly shareholding pattern for the period ended September 30, 2026, as required under SEBI regulations.
Mahindra Holidays & Resorts India Management Change
Mahindra Holidays & Resorts India Limited announced the resignation of Mr. Rohit Malik, Chief – Strategic Initiatives, effective from the close of business hours on 31st October 2026.
Mahindra Holidays & Resorts India Other Announcement
Designated person Manoj Bhat acquired 15,113 equity shares of the company through an ESOP. This filing is a regulatory disclosure under PIT regulations.
- Value
- ₹0.02 Cr