MHRIL Q4 FY26: India margins +220bps, INR234cr HCRO impairment, 1,000+ keys planned

Mgmt Guided Margin ImprovementAnalyst Day Multiyear TargetsInvestor Communications View source PDF

MHRIL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.5%1-day move

₹247.00

prior close

₹245.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.5+0.8+0.6-0.1-1.5-2.0-0.8-2.8-4.6-8.7-10.2-11.7-5.8—

Up moveDown movePending

AI summary

Q4 FY26 standalone: income INR407cr, EBITDA INR142cr (+8%), margin 34.9% (+180bps). Resort revenue +11%. FY26 standalone EBITDA margin 36.7% vs 31.8%. Added record 900 keys, plans 1,000+ in FY27. Keystone product lifted new-sales AUR ~30%. Took INR234cr impairment on European/HCRO business due to prolonged geopolitical and weather headwinds. Cash INR1,446cr. Reaffirmed 3x revenue over decade and 10,000-12,000 rooms by FY30; management says capital is not a constraint.

Likely market impact

Strong India execution and record inventory adds; Europe impairment is one-off. 3x revenue and 10,000-12,000 rooms targets reaffirmed; cash INR1,446cr.