Mahindra Holidays Reports Strong Q1 Results with 69% Surge in Standalone Profit Jul 31, 2025
Mahindra Holidays Faces ₹33.29 Crore GST Demand Notice from Tamil Nadu Tax Authority Jul 26, 2025
Mahindra Holidays Faces ₹33.29 Crore GST Demand Notice from Tamil Nadu Tax Authority Jul 26, 2025
Mahindra Holidays Reports Strong Q1 Performance, Appoints New Company Secretary Jul 23, 2025
More news about Mahindra Holidays
23Jul 25
Mahindra Holidays Reports Strong Q1 Performance with 73% Jump in Standalone Profit; Announces Leadership Changes
Mahindra Holidays & Resorts India Limited (MHRIL) reported strong Q1 FY24 results. Standalone revenue increased by 5% to ₹3,686.60 crores, while standalone profit after tax jumped 73% to ₹782.25 crores. Consolidated profit after tax reached ₹808.17 crores, up 37% year-over-year. The company announced management changes with Mr. Dhanraj Mulki retiring and Ms. Mansi Laheri joining as Company Secretary. MHRIL's subsidiary, Holiday Club Resorts OY, acquired a 100% stake in Keskinainen Kiinteist Oy Salla Star, Finland.
04Jul 25
Mahindra Holidays' Finnish Subsidiary Acquires Salla Star Property for ₹2.35 Crore
Holiday Club Resorts Oy (HCR), a Finnish subsidiary of Mahindra Holidays & Resorts India Ltd (MHRIL), has acquired Keskinäinen Kiinteistö Oy Salla Star (KKOSS) for ₹2.35 crore. This 100% stake acquisition, completed on July 3, 2025, transitions HCR from leasing the Salla Star property since 2012 to full ownership. The strategic move aims to strengthen MHRIL's presence in the Nordic hospitality market and enhance its international asset base.
03Jul 25
Mahindra Holidays' Finnish Subsidiary Acquires Salla Star Property for ₹2.35 Crore
Holiday Club Resorts Oy, a Finnish subsidiary of Mahindra Holidays, has acquired a 100% stake in Keskinäinen Kiinteistö Oy Salla Star (KKOSS), a property entity in Finland, for ₹2.35 crore (€260,000). The acquired property, located in Salla, Lapland, has been leased by Holiday Club Resorts Oy since 2012. This acquisition strengthens Mahindra Holidays' position in the European hospitality market and aligns with its strategy to expand in key international tourism destinations.
04May 25
Mahindra Holidays Sets Ambitious Target: 850 New Rooms in FY26, Eyes 10,000 Rooms by 2030
Mahindra Holidays & Resorts India Ltd plans to add 850 rooms in FY26, aiming for 10,000 rooms by 2030. Current inventory is 5,800 rooms, expected to reach 6,500-6,600 by FY26 end. Capital expenditure for FY25 is ₹300 crore, potentially doubling in FY26. The company reported 12% and 14% growth in domestic resort revenues for Q3 and Q4 FY25 respectively. Projected occupancy for FY26 is 83-85%.
30Apr 25
Club Mahindra Expands Resort Portfolio with New Properties in India and Abroad
Mahindra Holidays & Resorts India Ltd, parent of Club Mahindra, has expanded its resort portfolio. The company added a new resort in Andhra Pradesh, India, and two international properties in Abu Dhabi, UAE, and Vietnam. This expansion enhances Club Mahindra's presence in the hospitality sector, offering more diverse vacation options to its members. The move aims to diversify the company's portfolio, strengthen its international presence, and cater to a broader range of travelers.
25Apr 25
Mahindra Holidays & Resorts India Ltd Reports Strong FY25 Performance with 25% Standalone PAT Growth
Mahindra Holidays & Resorts India Ltd (MHRIL) announced robust financial results for FY25. Standalone total income increased by 8% to ₹1,544.90 crore, with PAT excluding one-offs surging 25% to ₹196.70 crore. The company added 520 keys to its inventory, maintained 84% occupancy, and increased Average Unit Realisation by 39% to ₹5.73 lakh. Q4 FY25 saw continued growth with resort revenue up 14% year-over-year. MHRIL expanded its network with new managed resorts in Dindi and Ranthambore. The company's cash position stood at ₹1,555.00 crore with a cumulative member base of 304,508.
Mahindra Holidays & Resorts India Ltd (MHRIL) has received a GST demand order of ₹17.59 crore for FY 2020-21 from the Commercial Tax Officer in Chennai. The demand includes ₹10.35 crore in principal, ₹6.13 crore in interest, and ₹1.11 crore in penalties. Reasons cited include turnover reporting mismatches and input tax credit issues. MHRIL plans to appeal the order and does not expect it to have a material financial impact based on legal counsel advice.