MAHINDRA HOLIDAYS & RESORTS INDIA LTD. Q3 FY25 Results
MHRILQ3 FY25 ResultsAnnounced 31 Jan 2025, 02:30 pm| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 678.42 | 1.1% |
| Total Income | 710.39 | 0.6% |
| Expenditure | 662.69 | 2.2% |
| PBT | 47.70 | 65.5% |
| Net Profit | 35.42 | 208.4% |
| OPM | -16.83% | 3.54pp |
| NPM | 4.95% | 3.22pp |
| EPS | 1.73 | 154.4% |
Mahindra Holidays & Resorts India Ltd. Announces its Results for Q3 FY25: Consolidated PAT of Rs 35.4 Cr, 3.4x YoY
31 Jan 2025 · 31 Jan 2025, 08:07 pm
Summary
Mahindra Holidays & Resorts India Ltd., a leading leisure hospitality provider, announced its standalone and consolidated financials for the third quarter ending 31st Dec 2024. The company reported a consolidated PAT of Rs 35.4 Cr, a significant 3.4x YoY increase. Key operational highlights include member additions, higher average unit realisation, expanded inventory, and strong growth in resort revenue.
Key Highlights
- 1
Member additions at 3,000; cumulative base of 3,03,747 members
- 2
Average Unit Realisation (AUR) at Rs 6.16 L (+37% YoY)
- 3
Inventory expanded by 206 keys to 5698 keys
- 4
Strong growth in resort revenue, Rs 107 Cr (+12% YoY)
- 5
Consolidated PAT at Rs 35.4 Cr, 3.4x YoY
- 6
Completed phase-1 expansion at Kandaghat in Himachal Pradesh
- 7
New managed resort added to the network at Patkote, near Corbett in Uttarakhand.
- 8
Resort occupancy stable at 84.2% on expanded inventory base
Management Comments
Manoj Bhat
Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd.
We have had a good quarter with robust improvement in consolidated profits. In India, we saw the continuation of the strong demand for leisure hospitality leading to a growth of 12% YoY in resort revenues. We continued to expand our inventory to offer more choices to our members. We have added 206 keys during the quarter. We have launched a new resort at Patkote, near Corbett in Uttarakhand and expanded our existing resort at Kandaghat in Himachal Pradesh. Our focus on premiumization continues with higher unit sales realization.”
Manoj Bhat
Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd.
HCR has delivered a steady quarter despite multiple economic headwinds. We continue to focus on improving our operating metrics.
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