Mahindra Holidays & Resorts India announced Q2FY24 results:<br><br>1. Operational Highlights (Standalone) - Q2 FY24:<br>- Highest ever Q2 member additions at 4,881, up by 11% YoY.<br>- Membership sales value at Rs. 192 crores, up by 13% YoY.<br>- Highest ever Q2 upgrades at Rs. 47 crores, up by 15% YoY.<br>- Cumulative member base grows to 2,89,688, with 85% of the member base fully paid.<br>- Resort income at Rs. 70 crores, a 4% increase YoY.<br>- New greenfield project construction commenced at Theog, Himachal Pradesh.<br><br>2. Financial Highlights - Standalone Q2 FY24 (excl. one-offs):<br>- Total income at Rs. 333 crores, a 10% increase YoY.<br>- EBITDA at Rs. 99 crores, a 17% increase YoY.<br>- PBT at Rs. 49 crores, a 15% increase YoY.<br>- Cash position at Rs. 1,176 crores as of September 30, 2023.<br><br>3. Financial Highlights - Consolidated Q2 FY24 (excl. one-offs):<br>- Total income at Rs. 675.8 crores, a 10% increase YoY.<br>- EBITDA at Rs. 149.7 crores, a 10% increase YoY.<br>- PBT at Rs. 32.2 crores.<br><br>4. Operational Highlights - European Operations:<br>- Despite ongoing geo-political crisis, HCR delivers robust performance.<br>- Significant operating profit achieved due to summer holiday season and improved domestic travel in Finland.<br><br>Kavinder Singh, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd.: "Our sustained focus on delivering superlative member experiences & acceleration in member additions is reflected in the strong performance with the highest ever second-quarter total income, EBITDA, and PBT. Despite heavy rainfall & landslides affecting resort occupancies in North India, we have delivered the highest-ever resort income in Q2.<br><br>In line with our strategic objective of rapidly expanding the room inventory, we have commenced a new greenfield resort project this quarter, and with this currently, we have 5 projects/ 690 keys underway with an estimated capex of ~Rs 835 Crs."<br><br><br><br><br><br>Result PDF