MHRIL Q2 FY27 results: PAT down on Labour Code charge

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MHRIL · price

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Price reactionminutes from the announcement price · days from the prior close

-1.8%Reaction day

₹200.00

prior close

₹196.52

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.6%+0.9% vs market

Hotels & Resorts peers, median of 56sector-1.4%-0.4% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 0.4 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+3.3

10m

+2.1

15m

+3.0

30m

+3.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8-2.6+0.9-1.4-0.4

Next day

-3.8-3.6-0.2-1.1-2.7

-8.0-5.8-2.2-2.9-5.1

-8.3-5.5-2.8-3.1-5.2

-8.4-3.8-4.5-2.8-5.6

-8.3-3.8-4.6-2.7-5.6

-10.8pendingpending-2.1-8.6

15d

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UpDownMarket · Nifty Microcap 250Sector · Hotels & Resorts peers, median of 56Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mahindra Holidays Q2 FY27 standalone revenue grew 3 percent YoY to about Rs 354 crore but PAT fell 16 percent to Rs 43 crore. Consolidated revenue rose 9 percent to Rs 784 crore with PAT up 16 percent to Rs 20 crore. H1 standalone PAT dipped 24 percent to Rs 98 crore versus last year. Results include a Rs 11 crore exceptional charge for the new Labour Codes on retiral benefits. Auditors flagged an ongoing NFRA review on segment reporting and revenue recognition but gave an unmodified opinion. Finland subsidiary HCRO remains loss making.

Likely market impact

Mixed: top line growth healthy but bottom line pressured by Labour Code charge and weak Finland ops. NFRA matter worth tracking.