Mahindra Holidays & Resorts India Limited has informed the Exchange regarding a press release dated July 23, 2025, titled "Standalone PAT up 69%; Consolidated PAT up 18% YoY".
MHRIL · price
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Awaiting price reaction for this filing.
Mahindra Holidays & Resorts India reported strong Q1 FY26 results with standalone profit after tax rising 69% year-on-year to Rs 76.2 crore, driven by total income of Rs 410.6 crore (up 7%) and a 42% jump in EBITDA to Rs 160.9 crore. Consolidated PAT grew 18% to Rs 7.2 crore, though it was hurt by adverse Euro currency movements; excluding forex impact, consolidated PAT surged from Rs 2.7 crore to Rs 35.3 crore. Resort revenue grew 10% to Rs 114 crore with occupancy holding at 85.4% across 5,794 keys and 126 resorts. The company commenced a new expansion project at Puducherry, has five ongoing greenfield/brownfield projects, and is targeting 10,000 rooms by FY30. Cash position stood at Rs 1,576 crore (+10% YoY) and deferred revenue at Rs 5,755 crore.
Strong standalone earnings, robust occupancy, and healthy cash reserves signal solid operational performance; however, forex volatility remains a key risk for consolidated profits, and investors should watch for execution of the room expansion plan.