Hotels company Mahindra Holidays & Resorts India announced Q2FY25 results Standalone Financial Highlights: Total Income at Rs 371 crore (+12% YoY). EBITDA at Rs 120 crore (+13% YoY); EBITDA Margin at 17.2% (+30 bps YoY). PAT at Rs 47 crore (+14% YoY); PAT Margin at 12.7% (+30 bps YoY). Deferred Revenue stands at Rs 5,685 crore. Cash Position at Rs 1452 crore as on 30th Sept'24 Consolidated Financial Highlights: Total Income at Rs 706 crore (+5% YoY). EBITDA at Rs 159 crore (+4% YoY); EBITDA Margin at 22.5%. PAT at Rs 11.5 crore (PAT excluding forex impact at Rs 27 crore, +36% YoY) Operational Highlights: Member additions at 3,583; cumulative members base of 3,02,274 members. Average Unit Realisation (AUR)1 at Rs 5.04 L (+28% YoY). Membership Sales Value1 at Rs 180 crore. 3 new managed resorts added to the network- Bharatpur (Rajasthan), Pavagadh, (Gujarat) and Mysuru (Karnataka). Inventory expanded by 219 keys to 5492 keys. Resort performance stable YoY with Occupancy at 77.3% despite disruptions due to inclement weather in certain locations. Tripadvisor Travellers’ Choice Award 2024 for being in the Top 10% worldwide received for Barbeque Bay (Saj Mahabaleshwar & Madikeri), Ascot (Ooty), Seashellz (Puducherry). New 5-year tenure product GoZest-5 launched. Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India, said: " In line with our aspiration of 10,000 keys by FY30, we had a strong inventory addition of 219 keys this quarter. We have also added three managed resorts at Bharatpur (Rajasthan), Pavagadh (Gujarat) and Mysuru (Karnataka). Our focus on premiumization continues with higher sales realization. Our margins expanded & standalone profit grew by 14% YoY.” Result PDF
Hotels company Mahindra Holidays & Resorts India announced Q1FY25 results: Consolidated: Total Income at Rs 686 crore (+5% YoY) EBITDA at Rs 139 crore (+14% YoY); EBITDA margin at 20.2% (+160 bps YoY) PAT at Rs 6 crore Standalone: Total Income at Rs 384 crore (+8% YoY); Resort Income at Rs 94 crore EBITDA at Rs 113 crore (+17% YoY); EBITDA Margin at 29.5% (+220 bps YoY) PAT at Rs 45 crore (+19% YoY); PAT Margin at 11.8% (+110 bps YoY) Cash Position at Rs 1,437 crore as on 30th June'24 Operational Highlights: Member additions at 3,692; AUR at Rs 4.9L (+31% YoY) Membership Sales Value at Rs 182 crore (+3% YoY) Cumulative member base grows to 3 Lakh+ Resort occupancy stable at 90% on expanded inventory base Operations commenced at two Resorts, ~200 keys (Pelling, Sikkim and Agra) One new expansion project commenced at Treehouse, Jaipur in addition to two ongoing Greenfield projects at Ganpatipule, MH and Theog, HP and one expansion project at Kandaghat, HP. Commenting on the performance, Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India, said, " Its been a robust quarter on multiple parameters. We have added new members at higher realization and now have 3 lakh plus members. We delivered 90% occupancy while being on track in terms of inventory expansion. Our profit margins expanded by 110 bps while standalone PAT grew 19%" Commenting on European operations, He added, "Holiday Club Resorts (HCR), our European Subsidiary, has delivered a stable performance despite the adverse macroeconomic situation. We continue to focus on improving operating metrics" Result PDF
Hotels company Mahindra Holidays & Resorts India announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Consolidated: Total Income at Rs 828 crore (+13% YoY). EBITDA at Rs 211 crore (+8% YoY) PBT at Rs 102 crore (+28% YoY); PBT Margin at 12.3% {+140 bps YoV) Standalone: Total Income at Rs 378 crore (+14% YoY) EBITDA at Rs 96 crore (+14% YoY); EBITDA Margin at 25.4% (+20 bps YoY) PBT at Rs 47 crore (+23% YoY); PBT Margin at 12.5% (+100 bps YoY) PAT at Rs 35 crore (+25% YoY); PAT Margin at 9.4% (+90 bps YoY) Resort Income at Rs 86 crore FY24 Financial Highlights: Consolidated: Highest ever Total Income at Rs 2,810 crore Highest ever EBITDA at Rs 623 crore PBT at Rs 154 crore Standalone: Total Income at Rs 1,424 crore (+12% YoY) EBITDA at Rs 406 crore (+15% YoY); EBITDA Margin at 28.5% (+90 bps YoY) PBT at Rs 213 crore (+16% YoY); PBT Margin at 15% (+ 60 bps YoY) PAT at Rs 158 crore (+16% YoY); PAT Margin at 11.1% (+ 50 bps YoY) Resort Income at Rs 337 crore Deferred Revenue stands at Rs 5,595 crore ( up by Rs 269 crore YoY) Cash position at Rs 1,383 crore as on 3i5t March'24. Income Tax Refund received of Rs 66 crore. (includes interest of Rs 6.5 crore) Commenting on the performance, Kavinder Singh, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India said, "We have achieved exceptional results in FY24 with highest ever Total Income, Resort Income, EBITDA, PBT & PAT along with improved profit margins on VoV basis. Our consistent delivery of immersive family vacation experiences helped us cross a significant milestone of adding ~20,000 members and reach a cumulative member base of 2.98 Lakhs. We have also accelerated our inventory additions & have expanded the inventory base by 387 keys to 5327 keys." Commenting on European operations, He added, "Holiday Club Resorts {HCR), our European Subsidiary, has delivered robust Q4 performance, achieving an operating profit of €6.8 Mn in Q4 leading to a full-year operating profit of€ 5.0 million, despite the adverse macroeconomic situation. Further highlighting Consolidated FY24 performance, he elaborated, Overall, Total Income & Operating profit, excluding one-offs, is the highest ever in our history." Result PDF