Latest news with #HCRO
Business Standard
23-07-2025
- Business
- Business Standard
Mahindra Holidays gains after Q1 PAT jumps 34% YoY to Rs 8 cr
Mahindra Holidays & Resorts India added 1.79% to Rs 366.80 after the company's consolidated net profit surged 33.61% to Rs 7.87 crore in Q1 FY26 as against Rs 5.89 crore posted in Q1 FY25. Revenue from operations rose 7.43% YoY to Rs 701.40 crore for the quarter ended 30 June 2025. Profit before tax (PBT) stood at Rs 26.29 crore in Q1 FY26, marking an 87.25% increase from Rs 14.04 crore reported in the same quarter last year. During the quarter, EBITDA grew 16.3% YoY to Rs 161.2 crore, while the EBITDA margin improved to 21.8%, up from 20.2% reported in Q1 FY25. Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India, said, "We have delivered a strong performance this quarter. Our domestic business continues to do very well. Our standalone profit grew by 69% and our PAT margin expanded by 680 bps. Resort performance has been consistent with double-digit revenue growth and sustained occupancy of 85%+ on an expanded inventory base. We have commenced a new expansion project and are focused on achieving our aspiration of 10,000 rooms by FY30. Our strategy of selective member addition while pursuing premiumization is reflected in continued growth in average unit sales realization. Our European operation, HCRO, has improved its performance in a weak seasonal quarter, showing resilience amidst multiple economic headwinds. Our consolidated profits were impacted by adverse currency movements largely due to the sharp movement in the Euro. Despite this, our consolidated profits up by 18% YoY." Mahindra Holidays & Resorts India, India's leading company in the leisure hospitality industry, offers quality family holidays primarily through vacation ownership memberships. While Club Mahindra is the flagship brand, the other brands offered by the company are Club Mahindra Fundays and Svaastha Spa.
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Business Standard
25-04-2025
- Business
- Business Standard
MHRIL Q4 results: Profit falls 12.31% to ₹72.95 cr on lower revenue
Mahindra Holidays & Resorts India Ltd on Friday reported a 12.31 per cent decline in consolidated profit after tax at Rs 72.95 crore in the fourth quarter ended March 31, 2025, impacted by lower revenue. The company had posted a consolidated profit after tax (PAT) of Rs 83.2 crore in the same quarter a year ago, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a regulatory filing. Consolidated revenue from operations in the fourth quarter stood at Rs 778.83 crore against Rs 800.19 crore in the year-ago period, it added. Total expenses in the fourth quarter stood at Rs 704.7 crore as compared to Rs 720.86 crore in the same period previous fiscal, the company said. In the fiscal ended March 31, 2025, PAT was at Rs 125.95 crore against Rs 116.05 crore in the previous year, MHRIL said. Consolidated revenue from operations in FY25 was at Rs 2,780.85 crore, from Rs 2,704.6 crore in the previous year. "Our network expansion momentum further gained pace with the addition of more than 500 keys to our portfolio in FY25," MHRIL Managing Director and CEO Manoj Bhat said. The company delivered double-digit growth in resort revenues for two consecutive quarters, he said, adding, "We have recorded significant growth in average unit sales realisation as part of our premiumisation strategy." Bhat said the company's European operations, HCRO, delivered a steady performance despite multiple economic headwinds. MHRIL said in the fourth quarter, inventory expanded by 149 keys to 5,847 keys, and resort occupancy was at 85 per cent on an expanded inventory base. In FY25, the company had the highest ever inventory addition of 520 keys and occupancy at 84 per cent on expanded inventory base, it added.
