Mahindra Holidays & Resorts India Limited has informed the Exchange about Transcript
MHRIL · price
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Awaiting price reaction for this filing.
Mahindra Holidays reported strong Q4 and FY25 results. Q4 standalone PAT (ex-one-offs) rose 61% YoY to ₹57 crore, while consolidated PAT (ex-one-offs) grew 12% YoY to ₹85 crore. For the full year, standalone PAT (ex-one-offs) was up 25% and consolidated PAT (ex-one-offs) jumped 37% to ₹134 crore. Q4 standalone EBITDA margin expanded to 33% (up from ~25% YoY) and FY25 standalone margin touched 31.8%. The company added 520 keys and 7 new managed resorts during the year, taking inventory to 5,850 keys, and reiterated its 10,000 keys target by FY30, saying it has 60-70% funnel visibility. Average unit realization rose 39% for the year to ₹5.73 lakh as the company focused on premiumization over volume. Deferred revenue stood at ₹5,736 crore and cash at ₹1,555 crore. Management declined to provide specific forward guidance on member additions, revenue/EBITDA growth, or pricing differentials, citing their 'no guidance' policy.
Robust profit growth, margin expansion, and steady inventory build-up reinforce the growth story; however, the absence of forward guidance may limit near-term analyst upgrades and keep the stock range-bound until visibility on FY26 metrics improves.