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
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