Mahindra Holidays & Resorts India Limited has informed the Exchange about Transcript
MHRIL · price
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Mahindra Holidays & Resorts India (MHRIL) posted a strong Q1 FY'26, with standalone PAT jumping 69% YoY to INR 76 crores and PAT margin expanding sharply by 680 bps, supported by EBITDA growth of 42% to INR 161 crores (39% margin). Standalone total income rose 7% YoY to INR 411 crores, while consolidated revenue grew 8% to INR 740 crores with consolidated PAT of INR 7.2 crores (up 18%), weighed down by a INR 28 crore forex hit on the Euro-INR move. Operationally, resort occupancy remained healthy at 85%+, resort revenue stood at INR 114 crores, 1,524 new members were added with AUR up 69% YoY to INR 8.3 lakhs, and 65% of additions came via digital and referrals. The company reaffirmed its targets of adding 1,000 rooms by March 2026 and scaling to 10,000 rooms by FY'30, with a strong cash balance of INR 1,576 crores supporting capital-light expansion.
Sharp margin expansion, strong cash position, and operational resilience are positive for shareholders, but muted consolidated earnings due to forex drag and weak HCRO (Finland) performance cap near-term upside. Management's hints at an evolving new business model could be a future catalyst, though key details remain undisclosed.