MAHINDRA HOLIDAYS & RESORTS INDIA LTD. Q2 FY26 Results
MHRILQ2 FY26 ResultsAnnounced 31 Oct 2025, 05:33 pm| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 717.34 | 2.3% | 7.0% |
| Total Income | 749.45 | 1.3% | 6.1% |
| Expenditure | 713.33 | 0.0% | 5.3% |
| PBT | 36.13 | 34.7% | 25.4% |
| Net Profit | 16.94 | 136.3% | 47.5% |
| OPM | 21.29% | 3.83pp | 41.66pp |
| NPM | 2.26% | 1.29pp | 0.53pp |
| EPS | 0.89 | 128.2% | 30.9% |
Mahindra Holidays Reports 47% YoY Rise in Consolidated Profits for Q2 FY26
31 Oct 2025 · 31 Oct 2025, 06:02 pm
Summary
Mahindra Holidays & Resorts India Ltd., India's leading leisure hospitality provider, reported a 47% YoY rise in consolidated profits for the second quarter ending 30th September 2025. The company added a new resort in Mahabaleshwar and expanded four existing resorts. Membership sales value increased by 85% YoY, and the company added 1432 new members, taking the cumulative member base to 304k. The cash position stands at Rs. 1532 Cr as on 30th September 2025.
Key Highlights
- 1
New resort at Mahabaleshwar in Maharashtra
- 2
4 existing resorts expanded- Kandaghat (HP), Dindi (AP), Patkot (UK), Jaipur (Rajasthan)
- 3
3 ongoing greenfield / brownfield projects progressing well
- 4
Growth in resort revenue continues, Rs 84 Cr (+8% YoY)
- 5
Resort occupancy of 73.4% on expanded inventory base
- 6
Inventory base of 5742 keys across 118 resorts
- 7
Membership Sales Value at Rs. 134 Cr, Average Unit Realization (AUR) at Rs 9.3L (+85% YoY)
- 8
Addition of 1432 new members; cumulative member base of 304k
- 9
Cash Position at Rs. 1532 Cr as on 30° Sep'25 (+5% YoY)
- 10
Deferred Revenue stands at Rs. 5,747 Cr
Management Comments
Manoj Bhat
Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd.
We have delivered a strong performance despite being affected by unprecedented rain in Himachal & Uttarakhand clusters. We accelerated inventory expansion to add a new resort & expanded 4 existing resorts. We also reviewed the voice of customers and exited 5 resorts during the quarter. Growth in resort revenue & membership upgrade continues as we deliver superlative customer experience across touchpoints. As part of our continued premiumization strategy, we adopted selective approach to member additions reflecting in higher average sales value. Our European operation, HCRO, despite being impacted by multiple economic headwinds, has delivered a stable performance. Our overall performance has been robust, and consolidated profits are up by 47% YoY
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