Mumbai : Mahindra Holidays & Resorts India Ltd. (‘Company’), India’s leading leisure hospitality provider, reported its standalone and consolidated financials for the quarter ending 31st Dec 2025.
Highlights
- New simplified & flexible membership product KEYSTONE launched
- Double digit growth in resort revenue*, Rs 125 Cr (+16% YoY); occupancy of 81.5%
- New managed resorts Amba Ghat, Kolhapur (Mah.), Bandhavgarh National Park (MP) and Corbett National Park (UK)
- Room Inventory base crossed 6k mark with addition of 273 keys
- Membership Sales Value at Rs. 145 Cr, Average Unit Realization (AUR) at Rs 9.7L (+58% YoY)
- Addition of 1493 new members; cumulative member base of 3,04,351
- Cash Position at Rs. 1470 Cr as on 31st Dec’25
- Deferred Revenue stands at Rs. 5,754 Cr
Note: *- Includes all subsidiaries except HCRO
MHRIL Standalone (Under Indian Accounting Standards)
| Particulars (In Rs Cr) | Q3 FY26 | Q3 FY25 | YoY |
| Total Income | 415.0 | 391.4 | 6.0% |
| EBITDA | 149.1 | 127.0 | 17.4% |
| PBT | 74.0 | 68.7 | 7.7% |
| PAT | 54.9 | 50.7 | 8.3% |
| PAT excl. forex and one-time Labour Code impact | 61.1 | 52.4 | 16.7% |
MHRIL Consolidated (Under Indian Accounting Standards)
| Particulars (In Rs Cr) | Q3 FY26 | Q3 FY25 | YoY |
| Total Income | 782.5 | 710.4 | 10.1% |
| EBITDA | 173.9 | 177.7 | -2.1% |
| PBT | 11.5 | 48.0 | -76.0% |
| PAT | 1.4 | 35.4 | -96.0% |
| PAT excl. forex and one-time Labour Code impact | 16.5 | 19.1 | -13.6% |
Commenting on the performance, Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd., stated, “We had a good quarter with revenue up 10% YoY. This was led by strong resort revenue growth of 16% year on year in our India business.
Our journey of premiumization continued with the launch of the simplified and flexible new membership product, KEYSTONE. This product has found a good initial response from our prospects and members. Membership upgrades continued their strong momentum achieving double digit growth over year. In line with our inventory expansion strategy, we added 3 new resorts during the quarter and added 273 rooms to our inventory base. Our India standalone business profits grew 8% despite an exceptional charge on account of the labour code changes.
Our European operations HCRO has been impacted by economic headwinds and adverse weather conditions in Finland, which has had a negative impact on consolidated profitability.
We continue to pursue our strategy of scaling the core and building the new.”
Leave a Reply