Mahindra Holidays Q2 FY27 PAT Up 17% YoY to ₹19.7 Cr
Mahindra Holidays & Resorts India Ltd. reported its Q2 FY27 financial results, with consolidated Profit After Tax (PAT) increasing by 17% year-on-year to ₹19.7 crore. The company saw strong momentum in its domestic business, with membership sales growing 6% YoY to ₹141 crore and resort revenue up 15% YoY to ₹96 crore, achieving an occupancy rate of 75.6%. Average Unit Realisation (AUR) saw a significant jump of 43% YoY to ₹13.4 lakh. Membership upgrades contributed ₹83 crore, a 26% YoY increase. The company is expanding its resort network, with 2 resorts expanded and 2 transformed during the quarter, and plans to add approximately 1,000 keys in the next two quarters. Deferred revenue stood at ₹5,828 crore, and cash reserves were ₹1,329 crore as of September 30, 2026.
Key Highlights
- Consolidated PAT grew 17% YoY to ₹19.7 Cr.
- Sales increased 6% YoY to ₹141 Cr; AUR up 43% YoY.
- Resort revenue rose 15% YoY to ₹96 Cr with 75.6% occupancy.
- Deferred revenue stands at ₹5,828 Cr; cash at ₹1,329 Cr.
- Plans to add ~1,000 keys in the next two quarters.
Price Impact
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