Bengaluru, 03 Nov 2025: Mahindra Holidays & Resorts India Ltd. (‘Company’), India’s leading leisure hospitality provider, reported its standalone and consolidated financials for the quarter ending 30th Sept 2025.
Highlights
- New resort at Mahabaleshwar in Maharashtra
- 4 existing resorts expanded- Kandaghat (HP), Dindi (AP), Patkot (UK), Jaipur (Rajasthan)
- 3 ongoing greenfield / brownfield projects progressing well
- Growth in resort revenue* continues, Rs 84 Cr (+8% YoY)
- Resort occupancy of 73.4% on expanded inventory base
- Inventory base of 5742 keys across 118 resorts
- Membership Sales Value at Rs. 134 Cr, Average Unit Realization (AUR) at Rs 9.3L (+85% YoY)
- Addition of 1432 new members; cumulative member base of 304k
- Cash Position at Rs. 1532 Cr as on 30th Sep’25 (+5% YoY)
- Deferred Revenue stands at Rs. 5,747 Cr
Note: *- Includes all subsidiaries except HCRO
MHRIL Standalone (Under Indian Accounting Standards)
| Particulars (In Rs Cr) | Q2 FY26 | Q2 FY25 | YoY | |
| Total Income | 380.7 | 371.0 | 2.6% | |
| EBITDA | 140.5 | 119.5 | 17.6% | |
| PBT | 71.0 | 63.7 | 11.5% | |
| PAT | 51.7 | 47.1 | 9.8% | |
| PAT excl. forex impact | 49.9 | 42.0 | 18.8% | |
| MHRIL Consolidated (Under Indian Accounting Standards) | ||||
| Particulars (In Rs Cr) | Q2 FY26 | Q2 FY25 | YoY | |
| Total Income | 749.5 | 706.2 | 6.1% | |
| EBITDA | 184.9 | 158.8 | 16.4% | |
| PBT | 35.5 | 28.1 | 26.3% | |
| PAT | 16.9 | 11.5 | 47.0% | |
| PAT excl. forex impact | 32.4 | 27.3 | 18.6% | |
Commenting on the performance, Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd., said, “We have delivered a strong performance despite being affected by unprecedented rain in Himachal & Uttarakhand clusters.
We accelerated inventory expansion to add a new resort & expanded 4 existing resorts. We also reviewed the voice of customers and exited 5 resorts during the quarter. Growth in resort revenue & membership upgrade continues as we deliver superlative customer experience across touchpoints. As part of our continued premiumization strategy, we adopted selective approach to member additions reflecting in higher average sales value.
Our European operation, HCRO, despite being impacted by multiple economic headwinds, has delivered a stable performance. Our overall performance has been robust, and consolidated profits are up by 47% YoY”
