Mahindra Holidays FY26 Consolidated Revenue up 7%; Q4 PAT down 43%
Mahindra Holidays & Resorts India Ltd. announced its audited standalone and consolidated financial results for Q4 FY26 and the full financial year ended March 31, 2026. For FY26, consolidated revenue increased by 7% YoY to ₹3116.0 Cr, while consolidated PAT declined 47% to ₹67.0 Cr. However, standalone PAT excluding one-offs grew 22% to ₹240.6 Cr. In Q4 FY26, consolidated revenue rose 5% to ₹844.0 Cr, but consolidated PAT dropped 43% to ₹41.5 Cr. Operationally, the company added 7 new managed resorts and approximately 900 keys during FY26, with resort revenue growing 12% YoY and occupancy at 81% for the full year. Membership upgrades saw strong growth, up 17% YoY for FY26 and 33% YoY for Q4 FY26. Deferred Revenue stood at ₹5,779 Cr and Cash at ₹1,446 Cr as of March 31, 2026. International operations were impacted by geo-political headwinds and economic slowdown.
Key Highlights
- FY26 consolidated revenue grew 7% YoY to ₹3116.0 Cr.
- FY26 consolidated PAT declined 47% to ₹67.0 Cr; standalone PAT excl. one-offs rose 22%.
- Resort revenue increased 12% YoY in FY26, with 81% occupancy on expanded inventory.
- Added 7 new managed resorts and ~900 keys in FY26, expanding network.
- Deferred Revenue stands at ₹5,779 Cr and Cash at ₹1,446 Cr as of March 31, 2026.