Latest news with #ManojBhat
Time of India
5 days ago
- Business
- Time of India
Looking to maintain double-digit consolidated profit growth in FY26: Mahindra Holidays & Resorts India CEO
Mahindra Holidays & Resorts India is looking to maintain a double-digit growth in its consolidated profit for the remaining part of this fiscal, buoyed by a strong performance in the first quarter, according to its Managing Director and CEO Manoj Bhat. The company, which plans to add about 1,000 rooms this fiscal as part of its overall target of increasing its key count to 10,000 by FY30, is on track with inventory additions, Bhat told PTI. Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking Data Science Operations Management MCA Technology Leadership PGDM Cybersecurity Management CXO Public Policy Project Management Healthcare Artificial Intelligence healthcare others MBA Degree Digital Marketing Finance Others Product Management Data Science Data Analytics Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details "If you look at the consolidated profit growth of 18 per cent in Q1, I think that would be our target. In that range, we will look at growing our profits through the course of the year," he said when asked for the outlook for the remaining part of the fiscal year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo In the first quarter, Mahindra Holidays & Resorts India Ltd (MHRIL) had posted a consolidated profit after tax of Rs 7.2 crore against Rs 6.1 crore in the year-ago period, up 18 per cent. Its total income increased 8 per cent to Rs 740.2 crore compared to Rs 686.1 crore in the corresponding period of the preceding fiscal. Live Events In the first quarter, Indian operations continued to do well, and the "international operation is stable" but not "completely out of the woods", Bhat said. On the company's room additions , Bhat said, "Our inventory addition plans are also on of the additions will probably come in the second half of the fiscal or later in the second quarter". In January this year, Bhat stated that MHRIL will be adding 1,000 rooms by March 2026. "We are well on track for that. We will be adding quite a few resorts, about four in Maharashtra, one each in Goa, Rajasthan, and Madhya have started work, in addition, in Puducherry," he noted. As per the company's investor presentation for the quarter ended June 30, 2025, MHRIL has a cumulative base of 5,794 keys. It has two greenfield projects currently underway -- a 236-key resort at Ganpatipule in Maharashtra and another 157-key property at Theog in Himachal Pradesh. The company also has three brownfield projects -- a 102-room property at Kandaghat in Himachal Pradesh, another 39-key property, Treehouse at Jaipur and another 62-key resort in Puducherry. As of June 30, 2025, the company has 126 resorts across India and abroad. Its Finnish subsidiary, Holiday Club Resorts Oy (HCR), has 33 timeshare properties, including nine spa resorts in Finland, Sweden and Spain. When asked about membership addition, Bhat said the company added about 3,000 members in the first quarter and will look to maintain the pace through the year. On the company's European operations, he said that with the Finnish economy not doing too well, coupled with Ukraine-Russia war, and uncertainty over tariffs in the near term, not much of a change is expected. "As I said, if it is stable, we think that that's good," Bhat noted.
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Business Standard
5 days ago
- Business
- Business Standard
Looking to maintain double-digit profit growth in FY26: MHRIL CEO Bhat
Mahindra Holidays & Resorts India is looking to maintain a double-digit growth in its consolidated profit for the remaining part of this fiscal, buoyed by a strong performance in the first quarter, according to its Managing Director and CEO Manoj Bhat. The company, which plans to add about 1,000 rooms this fiscal as part of its overall target of increasing its key count to 10,000 by FY30, is on track with inventory additions, Bhat told PTI. "If you look at the consolidated profit growth of 18 per cent in Q1, I think that would be our target. In that range, we will look at growing our profits through the course of the year," he said when asked for the outlook for the remaining part of the fiscal year. In the first quarter, Mahindra Holidays & Resorts India Ltd (MHRIL) had posted a consolidated profit after tax of Rs 7.2 crore against Rs 6.1 crore in the year-ago period, up 18 per cent. Its total income increased 8 per cent to Rs 740.2 crore compared to Rs 686.1 crore in the corresponding period of the preceding fiscal. In the first quarter, Indian operations continued to do well, and the "international operation is stable" but not "completely out of the woods", Bhat said. On the company's room additions, Bhat said, "Our inventory addition plans are also on of the additions will probably come in the second half of the fiscal or later in the second quarter". In January this year, Bhat stated that MHRIL will be adding 1,000 rooms by March 2026. "We are well on track for that. We will be adding quite a few resorts, about four in Maharashtra, one each in Goa, Rajasthan, and Madhya have started work, in addition, in Puducherry," he noted. As per the company's investor presentation for the quarter ended June 30, 2025, MHRIL has a cumulative base of 5,794 keys. It has two greenfield projects currently underway -- a 236-key resort at Ganpatipule in Maharashtra and another 157-key property at Theog in Himachal Pradesh. The company also has three brownfield projects -- a 102-room property at Kandaghat in Himachal Pradesh, another 39-key property, Treehouse at Jaipur and another 62-key resort in Puducherry. As of June 30, 2025, the company has 126 resorts across India and abroad. Its Finnish subsidiary, Holiday Club Resorts Oy (HCR), has 33 timeshare properties, including nine spa resorts in Finland, Sweden and Spain. When asked about membership addition, Bhat said the company added about 3,000 members in the first quarter and will look to maintain the pace through the year. On the company's European operations, he said that with the Finnish economy not doing too well, coupled with Ukraine-Russia war, and uncertainty over tariffs in the near term, not much of a change is expected. "As I said, if it is stable, we think that that's good," Bhat noted.
News18
5 days ago
- Business
- News18
Looking to maintain double-digit consolidated profit growth in FY26: MHRIL CEO
New Delhi, Jul 27 (PTI) Mahindra Holidays & Resorts India is looking to maintain a double-digit growth in its consolidated profit for the remaining part of this fiscal, buoyed by a strong performance in the first quarter, according to its Managing Director and CEO Manoj Bhat. The company, which plans to add about 1,000 rooms this fiscal as part of its overall target of increasing its key count to 10,000 by FY30, is on track with inventory additions, Bhat told PTI. 'If you look at the consolidated profit growth of 18 per cent in Q1, I think that would be our target. In that range, we will look at growing our profits through the course of the year," he said when asked for the outlook for the remaining part of the fiscal year. In the first quarter, Mahindra Holidays & Resorts India Ltd (MHRIL) had posted a consolidated profit after tax of Rs 7.2 crore against Rs 6.1 crore in the year-ago period, up 18 per cent. Its total income increased 8 per cent to Rs 740.2 crore compared to Rs 686.1 crore in the corresponding period of the preceding fiscal. In the first quarter, Indian operations continued to do well, and the 'international operation is stable" but not 'completely out of the woods", Bhat said. On the company's room additions, Bhat said, 'Our inventory addition plans are also on track…most of the additions will probably come in the second half of the fiscal or later in the second quarter". In January this year, Bhat stated that MHRIL will be adding 1,000 rooms by March 2026. 'We are well on track for that. We will be adding quite a few resorts, about four in Maharashtra, one each in Goa, Rajasthan, and Madhya Pradesh…We have started work, in addition, in Puducherry," he noted. As per the company's investor presentation for the quarter ended June 30, 2025, MHRIL has a cumulative base of 5,794 keys. It has two greenfield projects currently underway — a 236-key resort at Ganpatipule in Maharashtra and another 157-key property at Theog in Himachal Pradesh. The company also has three brownfield projects — a 102-room property at Kandaghat in Himachal Pradesh, another 39-key property, Treehouse at Jaipur and another 62-key resort in Puducherry. As of June 30, 2025, the company has 126 resorts across India and abroad. Its Finnish subsidiary, Holiday Club Resorts Oy (HCR), has 33 timeshare properties, including nine spa resorts in Finland, Sweden and Spain. When asked about membership addition, Bhat said the company added about 3,000 members in the first quarter and will look to maintain the pace through the year. On the company's European operations, he said that with the Finnish economy not doing too well, coupled with Ukraine-Russia war, and uncertainty over tariffs in the near term, not much of a change is expected. 'As I said, if it is stable, we think that that's good," Bhat noted. PTI RKL BAL BAL view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
24-07-2025
- Business
- Time of India
Vijay Kedia portfolio stock in focus after stellar Q1 earnings. Check details
Vijay Kedia portfolio stock Mahindra Holidays & Resorts will be in focus on Thursday following a 69% year-on-year jump in its standalone net profit in the June ended quarter to Rs 76 crore versus Rs 45 crore in the year ago period. The revenue from operations increased 5% to Rs 369 crore versus Rs 351 crore in the corresponding quarter of the last financial year. The total income in the quarter under review stood at Rs 411 crore which was up 7% YoY over Rs 384 crore in the year ago period. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Product Management Leadership CXO others Healthcare Artificial Intelligence Data Science MCA Others Operations Management Data Analytics healthcare Cybersecurity Degree Technology PGDM Digital Marketing Management Public Policy Data Science MBA Finance Design Thinking Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details The Earnings Before Interest, Taxes, Depreciation and Amortisation ( EBITDA ) in the April-June quarter stood at Rs 161 crore, a 42% surge compared to Rs 113 crore in the year ago period. As per the BSE shareholding data, Kedia held 20,25,000 equity shares which represented 1% stake in the company. After remaining a laggard, the stock has seen a bounce back in the past 6 months with the share rallying 12%. It has outperformed the headline indices BSE Sensex which have given returns of 8% and 9%, respectively. Live Events However, the one-year returns of the smallcap stock stand at a negative 17% versus nearly 3% by Nifty and the Sensex. Commenting on the earnings, MD & CEO Manoj Bhat called Q1 a strong 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," Bhat said. "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," he added. Also Read: Bajaj Housing Finance Q1 profit rises 21% to Rs 583 crore, AUM up 24% ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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.
