Hotels company Mahindra Holidays & Resorts India announced Q1FY27 results Consolidated Financial Highlights: Total Income: Consolidated total income reached Rs 77,353.97 lakh in Q1FY27, a YoY increase of 4.51% from Rs 74,015.43 lakh in Q1FY26. It saw a QoQ decrease of 8.35% from Rs 84,398.25 lakh in Q4FY26. Revenue from Operations: Revenue stood at Rs 73,281.39 lakh for Q1FY27, up 4.48% YoY from Rs 70,140.20 lakh in Q1FY26, but down 10.66% QoQ from Rs 82,028.63 lakh in Q4FY26. Profit After Tax (PAT): The group reported a consolidated loss of Rs 855.90 lakh in Q1FY27, compared to a profit of Rs 716.88 lakh in Q1FY26 and a profit of Rs 4,148.68 lakh in Q4FY26. EBITDA: Consolidated EBITDA was Rs 153.6 crore in Q1FY27, a decrease from Rs 161.2 crore in Q1FY26. Standalone Financial Highlights: Total Income: For Q1FY27, total income stood at Rs 42,348.15 lakh, representing a YoY growth of 3.13% from Rs 41,061.75 lakh in Q1FY26 and a QoQ growth of 4.05% from Rs 40,699.96 lakh in Q4FY26. Revenue from Operations: The company reported revenue of Rs 37,972.51 lakh in Q1FY27, increasing by 3.00% YoY from Rs 36,866.00 lakh in Q1FY26 and 0.74% QoQ from Rs 37,694.39 lakh in Q4FY26. Profit After Tax (PAT): Standalone PAT for Q1FY27 was Rs 5,430.79 lakh, a YoY decline of 28.75% compared to Rs 7,622.51 lakh in Q1FY26. However, the company turned around from a loss of Rs 17,826.15 lakh in Q4FY26. EBITDA: EBITDA reached Rs 141.6 crore in Q1FY27, compared to Rs 160.9 crore in Q1FY26. Business Highlights: Sales and Membership: Sales value including upgrades grew by 22% YoY to Rs 154 crore, driven by premiumization and upgrades. Membership upgrades alone grew by 58% YoY to Rs 89 crore. Average Unit Realisation (AUR): AUR including upgrades stood at Rs 14.4 lakh, marking a 73% YoY growth. Resort Operations: Resort revenue grew by 10% YoY to Rs 126 crore, supported by a healthy occupancy rate of 86.7%. Liquidity and Deferred Revenue: As of June 30, 2026, deferred revenue stood at Rs 5,825 crore and the cash position was at Rs 1,420 crore. Portfolio and Membership Base: The inventory portfolio consists of 5,865 keys across 111 resorts, with a cumulative member base of 3,03,153. Acquisitions and Liquidations: Completed the acquisition of a 100% equity stake in Aditatva Estates Private Limited (AEPL) on June 15, 2026. Conversely, the Board approved the voluntary liquidation of its subsidiary, Arabian Dreams Hotels Apartments LLC. Expansion Status: The company is on track to add approximately 1,000 keys during the current year and aims to achieve a target of 10,000 keys by FY30. Segment-Wise Performance (Consolidated): Club Mahindra (MHRIL): The segment reported revenue of Rs 42,824.11 lakh in Q1FY27, compared to Rs 41,469.72 lakh in Q1FY26. The segment profit before tax was Rs 7,135.70 lakh. Holiday Club Resorts OY (HCRO): This segment recorded revenue of Rs 34,386.56 lakh in Q1FY27, up from Rs 32,545.71 lakh in Q1FY26. However, it reported a segment loss before tax of Rs 6,673.42 lakh due to geopolitical uncertainties and a slowdown in the Finnish economy. Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India , said, “During the quarter, our new product, KEYSTONE, gained momentum and contributed to a 22% year-on-year growth in sales value, led by premiumisation and upgrades. Our resort business continued to deliver double-digit revenue growth, supported by healthy occupancy levels. We remain focused on enhancing the quality of our resort network through the ongoing transformation of existing resorts and the accelerated rationalisation of select properties during the quarter, based on guest feedback and ratings. While certain inventory addition projects were impacted by supply chain disruptions, material availability challenges and labour shortages, we remain on track to add approximately 1,000 keys during the year and have clear visibility towards achieving our target of 10,000 keys by FY30. Profitability in our India business was impacted by growth-related costs, while our international operations continued to face headwinds from geopolitical uncertainties and a slowdown in the Finnish economy during the quarter. At a consolidated level, revenue grew by 5% year-on-year.” Result PDF
Conference Call with Mahindra Holidays & Resorts India Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Hotels company Mahindra Holidays & Resorts India announced Q4FY26 & FY26 results Q4FY26 Standalone Financial Highlights: Total Income: Rs 40,699.96 lakh for Q4FY26, compared to Rs 39,799.95 lakh in Q4FY25 (up 2.26% YoY) and Rs 41,498.42 lakh in Q3FY26 (down 1.92% QoQ). Profit / (Loss) After Tax: A net loss of Rs 17,826.15 lakh for Q4FY26, compared to a profit of Rs 5,749.38 lakh in Q4FY25 (down 410% YoY) and a profit of Rs 5,493.29 lakh in Q3FY26 (down 424.5% QoQ). Note: This includes a ~Rs 23,369.59 lakh impairment charge towards equity investment in the Mauritius entity. Earnings Per Share (EPS): Basic EPS stood at Rs (8.84) for Q4FY26, compared to Rs 2.85 in Q4FY25 (down 410.1% YoY) and Rs 2.72 in Q3FY26 (down 425% QoQ). EBITDA: Rs 14,210 lakh for Q4FY26, compared to Rs 13,170 lakh in Q4FY25 (up 7.9% YoY). Q4FY26 Consolidated Financial Highlights: Total Income: Rs 84,398.25 lakh for Q4FY26, compared to Rs 80,715.63 lakh in Q4FY25 (up 4.56% YoY) and Rs 78,246.86 lakh in Q3FY26 (up 7.86% QoQ). Profit After Tax (PAT): Rs 4,148.68 lakh for Q4FY26, compared to Rs 7,294.91 lakh in Q4FY25 (down 43.1% YoY) and Rs 140.53 lakh in Q3FY26 (up 2,852% QoQ). Earnings Per Share (EPS): Basic EPS stood at Rs 2.06 for Q4FY26, compared to Rs 3.63 in Q4FY25 (down 43.2% YoY) and Rs 0.11 in Q3FY26 (up 1,772.7% QoQ). FY26 Standalone Financial Highlights: Total Income: Rs 1,61,327.07 lakh for FY26, compared to Rs 1,54,491.02 lakh in FY25 (up 4.42% YoY). Profit After Tax (PAT): Rs 455.04 lakh for FY26, compared to Rs 20,048.43 lakh in FY25 (down 97.73% YoY). Basic EPS: Rs 0.23 for FY26, compared to Rs 9.95 in FY25 (down 97.69% YoY). Cash Flows: Net cash generated from operating activities stood at Rs 32,527.75 lakh for FY26, compared to Rs 44,546.79 lakh for FY25. FY26 Consolidated Financial Highlights: Total Income: Rs 3,11,605.70 lakh for FY26, compared to Rs 2,90,981.16 lakh in FY25 (up 7.09% YoY). Profit After Tax (PAT): Rs 6,699.99 lakh for FY26, compared to Rs 12,594.51 lakh in FY25 (down 46.8% YoY). Basic EPS: Rs 3.45 for FY26, compared to Rs 6.33 in FY25 (down 45.5% YoY). Cash Flows: Net cash generated from operating activities stood at Rs 53,075.66 lakh for FY26, compared to Rs 62,145.97 lakh for FY25. Business Highlights: Inventory Expansion: MHRIL accelerated its inventory expansion with a gross addition of ~900 keys during FY26. In Q4FY26 alone, the inventory expanded by 213 keys, reaching a total of 6,228 keys. Resort Network: Added 7 new managed resorts during the year. In Q4FY26, 3 new managed resorts were added in Dapoli (Maharashtra), North Goa, and Chikkamagaluru (Karnataka). Operational Metrics: Resort occupancy was sustained at 81% for FY26 and 82% for Q4FY26. Average Unit Realisation (AUR), including upgrades, reached Rs 10.1 lakh for FY26 (up 77% YoY) and Rs 14.1 lakh for Q4FY26 (up 83% YoY). Member Base: The cumulative member base stood at 3,03,906. Membership upgrades reached Rs 292 crore in FY26 (up 17% YoY). Acquisition: The Board approved the 100% acquisition of Aditatva Estates Private Limited for a cash consideration of Rs 37.5 crore. Aditatva owns a ~50 acre coffee plantation in Chikmagalur, Karnataka, which MHRIL intends to utilize for leisure resort development. Financial Position: Deferred Revenue stands at Rs 5,779 crore and Cash at Rs 1,446 crore as on March 31, 2026. Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India, said: "In our India business, we continued to execute on all aspects of our growth strategy. Network expansion with enhanced quality accelerated with 7 new managed resort additions during the year. Resort revenue continues its double-digit growth trajectory while utilization sustained at 80%+ levels. In our premiumization journey, strong reception of our new product KEYSTONE has led to robust growth in upgrades, combined with higher average unit sales realization this quarter. Our profit growth has been robust with FY26 standalone profit excluding one off growing by 22% and our margin expanding by 220 basis points." “Our international operations continued to be impacted by geo-political headwinds, a slowdown in the Finnish economy and adverse weather conditions during the year. In FY26 we also saw one time impacts due to the labour code implementation in India and forex loss due to the depreciation of the rupee in our international operations. The management team is focused on improving the operating performance of our international operations in the coming quarters.” Result PDF
Conference Call with Mahindra Holidays & Resorts India Management and Analysts on its entry into the leisure hospitality business and the scaling-up of its core vacation ownership business. Listen to the full call transcript.