Mahindra Holidays & Resorts India Ltd. Consolidated Revenue up 10% YoY 3 New Managed Resorts

Mahindra Holidays & Resorts India Ltd. announces its financial results for Q4 2025. Discover insights into the leading leisure hospitality provider's performance.

29 Jan 2026 15:57 IST

New Update

Mumbai, 29^th Jan 2026: Mahindra Holidays & Resorts India Ltd. ('Company'), India's leading leisure hospitality provider, reported its standalone and consolidated financials for the quarter ending 31^st Dec 2025.

Highlights

· New simplified & flexible membership product KEYSTONE launched

· Double digit growth in resort revenue*, Rs 125 Cr (+16% YoY); occupancy of 81.5%

· New managed resorts Amba Ghat, Kolhapur (Mah.), Bandhavgarh National Park (MP) and Corbett National Park (UK)

· Room Inventory base crossed 6k mark with addition of 273 keys

· Membership Sales Value at Rs. 145 Cr, Average Unit Realization (AUR) at Rs 9.7L (+58% YoY)

· Addition of 1493 new members; cumulative member base of 3,04,351

· Cash Position at Rs. 1470 Cr as on 31^st Dec’25

· Deferred Revenue stands at Rs. 5,754 Cr

Note: *- Includes all subsidiaries except HCRO

MHRIL Standalone (Under Indian Accounting Standards)

Particulars (In Rs Cr)	Q3 FY26	Q3 FY25	YoY
Total Income	415.0	391.4	6.0%
EBITDA	149.1	127.0	17.4%
PBT	74.0	68.7	7.7%
PAT	54.9	50.7	8.3%

PAT excl. forex and one-time Labour Code impact	61.1	52.4	16.7%

MHRIL Consolidated (Under Indian Accounting Standards)

Particulars (In Rs Cr)	Q3 FY26	Q3 FY25	YoY
Total Income	782.5	710.4	10.1%
EBITDA	173.9	177.7	-2.1%
PBT	11.5	48.0	-76.0%
PAT	1.4	35.4	-96.0%

PAT excl. forex and one-time Labour Code impact

16.5

19.1

-13.6%

Commenting on the performance, Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd., stated, "We had a good quarter with revenue up 10% YoY. This was led by strong resort revenue growth of 16% year on year in our India business.
Our journey of premiumization continued with the launch of the simplified and flexible new membership product, KEYSTONE. This product has found a good initial response from our prospects and members. Membership upgrades continued their strong momentum achieving double digit growth over year. In line with our inventory expansion strategy, we added 3 new resorts during the quarter and added 273 rooms to our inventory base. Our India standalone business profits grew 8% despite an exceptional charge on account of the labour code changes.
Our European operations HCRO has been impacted by economic headwinds and adverse weather conditions in Finland, which has had a negative impact on consolidated profitability.
We continue to pursue our strategy of scaling the core and building the new."