Hotels company Mahindra Holidays & Resorts India announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total Income: Rs 807.1 crore compared to Rs 830.3 crore during Q4FY24, change -3%. EBITDA: Rs 232.7 crore compared to Rs 217.9 crore during Q4FY24, change 7%. PBT: Rs 102.4 crore compared to Rs 109.1 crore during Q4FY24, change -6%. PAT: Rs 72.9 crore compared to Rs 83.2 crore during Q4FY24, change -12%. Inventory expanded by 149 keys to 5847 keys. Acceleration in resort revenue, Rs 107 crore (+14% YoY). New managed resorts added to the network at Dindi, Andhra Pradesh and Ranthambore, Rajasthan. Phase-2 inventory addition completed at Pavagadh, Gujarat. Resort occupancy of 85% on expanded inventory base. Average Unit Realisation (AUR) at Rs 7.72L (+ 82% YoY). Cumulative member base grows to 3,04,508. FY25 Financial Highlights: Total Income: Rs 2,909.8 crore compared to Rs 2,819.6 crore during FY24, change 3%. EBITDA: Rs 707.8 crore compared to Rs 628.9 crore during FY24, change 13%. PBT: Rs 192.5 crore compared to Rs 159.5 crore during FY24, change 21%. PAT: Rs 125.9 crore compared to Rs 116.1 crore during FY24, change 8%. Highest ever inventory addition of 520 keys. Strong growth in resort revenue, Rs 396 crore (+8% YoY). 1.4 million+ guests welcomed; occupancy stable at 84% on expanded inventory base. Average Unit Realisation (AUR) at Rs 5.73L (+ 39% YoY). Deferred Revenue stands at Rs 5,736 crore. Cash Position at Rs 1,555 crore as on 31st Mar'25 Manoj Bhat, Managing Director & Chief Executive Officer, Mahindra Holidays & Resorts India, said: "Our network expansion momentum further gained pace with the addition of more than 500 keys to our portfolio in FY25. Our consistent delivery of exceptional customer experience has helped us deliver double-digit growth in resort revenues for two consecutive quarters. We have recorded significant growth in average unit sales realization as part of our premiumization strategy. Our domestic business has been robust with FY25 standalone profit growth of 25% and margin expansion by 170 bps. Our European operations, HCRO, has delivered a steady performance despite multiple economic headwinds. Our FY25 consolidated profits* are up by 37%, reflecting our focus on improving our operating metrics." Result PDF
Hotels company Mahindra Holidays & Resorts India announced Q3FY25 results Standalone Financial Highlights: Total Income at Rs 391 crore (+5% YoY). EBITDA at Rs 127 crore (+6% YoY); EBITDA Margin at 32.4% (+10 bps YoY). PAT at Rs 51 crore (PAT excluding one-off at Rs 52 crore, +15% YoY). Deferred Revenue stands at Rs 5,722 crore. Cash Position at Rs 1482 crore as on 31st Dec'24. Consolidated Financial Highlights: Total Income at Rs 710 crore (+7% YoY). EBITDA at Rs 178 crore (+30% YoY); EBITDA Margin at 25% (+450 bps YoY). PAT at Rs 35 crore (PAT excluding one-off at Rs 19 crore, 5.4x YoY). Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India, said: "We have had a good quarter with robust improvement in consolidated profits. In India, we saw the continuation of the strong demand for leisure hospitality leading to a growth of 12% YoY in resort revenues. We continued to expand our inventory to offer more choices to our members. We have added 206 keys during the quarter. We have launched a new resort at Patkote, near Corbett in Uttarakhand and expanded our existing resort at Kandaghat in Himachal Pradesh. Our focus on premiumization continues with higher unit sales realization.” "HCR has delivered a steady quarter despite multiple economic headwinds. We continue to focus on improving our operating metrics." Result PDF