Re-submission of Outcome of Board Meeting - Corrigendum - Rupee symbol not visible, hence resubmitting the financial results.
MHRIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mahindra Holidays reported audited standalone results for FY26 showing revenue of Rs 1,46,923.23 lakhs, a 4.9% increase from Rs 1,40,029.90 lakhs in FY25. However, profit after tax dropped dramatically to Rs 455.04 lakhs from Rs 20,048.43 lakhs (down 97.7%) primarily due to an exceptional item of Rs 24,460.24 lakhs, which includes an impairment loss of Rs 23,369.59 lakhs on investment in a subsidiary. The company received an unmodified (clean) audit opinion from B S R & Co. LLP. The auditors included an Emphasis of Matter regarding an NFRA order requiring review of the company's accounting policies on segment reporting and revenue recognition. Separately, the board approved acquiring 100% stake in Aditatva Estates Private Limited, which owns a coffee plantation in Chikmagalur, Karnataka.
The massive drop in PAT due to the subsidiary impairment will significantly impact standalone earnings per share (EPS dropped to Rs 0.23 from Rs 9.95). The NFRA review and restatement of prior period figures add regulatory risk. The acquisition signals expansion into new business segments. Despite lower PAT, the operating revenue growth and clean audit opinion indicate underlying business stability.