Mahindra Holidays

Mahindra Holidays & Resorts India Limited delivered strong quarterly results with total income of INR 381 crores, up 3% year-on-year. EBITDA grew 18% to INR 141 crores with margins improving to 37%. PAT increased 10% to INR 52 crores. The company maintained healthy occupancy of 73.4% despite losing an estimated 10,000 nights due to weather-related cancellations in Himachal and Uttarakhand clusters. Resort revenue reached INR 84 crores, marking 8% growth. The company added a new resort in Mahabaleshwar and completed 4 expansion projects, adding 209 keys while exiting 261 keys as part of quality optimization. Member additions stood at 1,432 with Average Unit Realization (AUR) surging 85% to INR 9.3 lakhs. Member-to-room ratio improved to 53 from 55 in the same quarter last year. The company remains on track to achieve its target of 10,000 keys by FY30 and plans to add about 1,000 keys at gross level in the second half. Cash position improved 6% to INR 1,532 crores. Management indicated upcoming strategic announcements beyond vacation ownership model.

Mahindra Holidays has outlined plans to strengthen its domestic and European timeshare portfolio through new resort additions and digital-led member acquisition strategies. The company aims to enhance occupancy rates and targets sustained Average Room Rate (ARR) growth by increasing premium inventory and leveraging cross-market synergies between its operations.

Mahindra Holidays & Resorts India Ltd reported consolidated PAT growth of 47% year-over-year for the quarter ended September 30, 2025. The company's consolidated total income reached Rs 749.5 crore compared to Rs 706.2 crore in the previous year, while consolidated EBITDA grew 16.4% to Rs 184.9 crore. On standalone basis, EBITDA increased 17.6% to Rs 140.5 crore. The company expanded its operations by adding one new resort in Mahabaleshwar, Maharashtra, and expanded four existing resorts across Kandaghat, Dindi, Patkot, and Jaipur. Resort revenue grew 8% year-over-year to Rs 84 crore with occupancy at 73.4% across an expanded inventory base of 5,742 keys spanning 118 resorts. Membership sales value reached Rs 134 crore with average unit realization at Rs 9.3 lakh, marking a 485% year-over-year increase. The company added 1,432 new members, bringing cumulative membership to 304,000. Cash position strengthened 45% year-over-year to Rs 1,532 crore, while deferred revenue stands at Rs 5,747 crore. Managing Director Manoj Bhat noted strong performance despite weather challenges in Himachal and Uttarakhand clusters, highlighting continued growth in resort revenue and membership upgrades through their premiumization strategy.