Latest news with #MHRIL
&w=3840&q=100)
Business Standard
04-05-2025
- Business
- Business Standard
Mahindra Holidays & Resorts India to add 850 rooms in FY26: CEO Manoj Bhat
Mahindra Holidays & Resorts India Ltd plans to add 850 rooms in the current fiscal as part of it ongoing strategy to have 10,000 rooms by 2030, according to its Managing Director and CEO, Manoj Bhat. The company, which added 520 rooms in FY25, could see a doubling of its capex in FY26 from the Rs 300 crore spent last fiscal depending on receipt of permits and regulatory approvals for its planned expansion, Bhat told PTI. "We had the highest ever room additions in FY25 and FY26 will be higher, and I think we'll add about 850 rooms... They'll come at various points, (spread from) from Q1 to Q4...," he said when asked about the company outlook for 2025-26. Mahindra Holidays & Resorts India Ltd (MHRIL) currently has total 5,800 rooms under its flagship brand Club Mahindra. On the total number of rooms expected in FY26, he said,"FY26, my guess is (it will be) anywhere between 6,500 to 6,600 rooms." When asked about capex for FY26, he declined to share an exact number saying "we don't give out numbers because it depends on approvals. We have to take approvals for almost everything..." However, he said,"my own sense is that it will be higher than what we spent in FY25" which was close to over Rs 300 crore. "FY26 will be higher than that. Maybe, if everything goes well, we could even double our capex from FY25 but then that depends on permits, approvals...A lot of things have to fall in place." The capex will be higher than the previous year because "we are adding more rooms, and also we are planning to renovate some of the existing resorts. So both put together, capex will be higher...," Bhat said. On resort revenues, he said it grew 12 per cent in Q3 and 14 per cent in Q4 of FY25 for the domestic business, "that growth in result revenues will continue as we go forward". In FY26, he said the company is also focussing on "profitability growth and that's showing a sharp improvement". MHRIL has set a target of increasing its room count to 10,000 by FY30 and last year the company had stated that it planned to invest up to Rs 4,500 crore in the next three to four years to achieve the target. When asked about the expected room occupancy in FY26, he said it is expected to be around 83-85 per cent considering the continued strong trend of people travelling more, taking shorter breaks and driving vacations. "The number of rooms will increase and volumes will go up but occupancy as a percentage, I don't think will change much," Bhat noted. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
04-05-2025
- Business
- Time of India
Mahindra Holidays & Resorts India to add 850 rooms in FY26
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mahindra Holidays & Resorts India Ltd plans to add 850 rooms in the current fiscal as part of it ongoing strategy to have 10,000 rooms by 2030, according to its Managing Director and CEO, Manoj Bhat. The company, which added 520 rooms in FY25, could see a doubling of its capex in FY26 from the Rs 300 crore spent last fiscal depending on receipt of permits and regulatory approvals for its planned expansion, Bhat told PTI."We had the highest ever room additions in FY25 and FY26 will be higher, and I think we'll add about 850 rooms... They'll come at various points, (spread from) from Q1 to Q4...," he said when asked about the company outlook for Holidays & Resorts India Ltd (MHRIL) currently has total 5,800 rooms under its flagship brand Club Mahindra On the total number of rooms expected in FY26, he said,"FY26, my guess is (it will be) anywhere between 6,500 to 6,600 rooms."When asked about capex for FY26, he declined to share an exact number saying "we don't give out numbers because it depends on approvals. We have to take approvals for almost everything..."However, he said,"my own sense is that it will be higher than what we spent in FY25" which was close to over Rs 300 crore."FY26 will be higher than that. Maybe, if everything goes well, we could even double our capex from FY25 but then that depends on permits, approvals...A lot of things have to fall in place."The capex will be higher than the previous year because "we are adding more rooms, and also we are planning to renovate some of the existing resorts. So both put together, capex will be higher...," Bhat resort revenues, he said it grew 12 per cent in Q3 and 14 per cent in Q4 of FY25 for the domestic business, "that growth in result revenues will continue as we go forward".In FY26, he said the company is also focussing on "profitability growth and that's showing a sharp improvement".MHRIL has set a target of increasing its room count to 10,000 by FY30 and last year the company had stated that it planned to invest up to Rs 4,500 crore in the next three to four years to achieve the asked about the expected room occupancy in FY26, he said it is expected to be around 83-85 per cent considering the continued strong trend of people travelling more, taking shorter breaks and driving vacations."The number of rooms will increase and volumes will go up but occupancy as a percentage, I don't think will change much," Bhat noted.
Business Upturn
30-04-2025
- Business
- Business Upturn
Club Mahindra expands portfolio with new resorts in Andhra Pradesh, Vietnam and Abu Dhabi
By Aman Shukla Published on April 30, 2025, 12:46 IST Mahindra Holidays & Resorts India Limited (MHRIL), through its flagship brand Club Mahindra, has announced the addition of three new properties to its vacation portfolio. This strategic expansion includes a new resort in Andhra Pradesh and international inventory partnerships in Vietnam and the United Arab Emirates. Entry into Andhra Pradesh with Dindi RVR Resort Club Mahindra marks its entry into Andhra Pradesh with the launch of Dindi RVR, located on the banks of the Godavari River. The resort is surrounded by coconut groves and scenic backwaters, offering a peaceful retreat. The property will offer a total of 100 rooms, with the first 50 rooms available to Club Mahindra members starting April 2025. The remaining 50 rooms are scheduled to open in the second quarter of the fiscal year. International Expansion in Vietnam and Abu Dhabi Club Mahindra has partnered with Richlane Residences in Ho Chi Minh City, Vietnam, and Holiday Inn in Abu Dhabi to broaden its global presence. These partnerships provide members access to centrally located properties, close to key city attractions and transport hubs. All three properties will be accessible to Club Mahindra members from 15th April onwards. Each resort offers a consistent range of services including dining options, spa facilities, and access to local cultural and adventure experiences. These additions aim to enhance the variety and flexibility of travel options available to members. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
&w=3840&q=100)
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.
