Highest-ever Annual Performance in FY24 at Standalone level, excl. one-offs¹
Holiday Club Resorts Oy delivers operating profit of € 6.8 Mn in Q4 and € 5.0 Mn in FY24.
Highest-ever Consolidated Income of Rs 2,810 Crs & EBITDA of Rs 623 Crs in FY24, excl. one-offs
Mumbai, 26th April 2024 : Mahindra Holidays & Resorts India Ltd. (‘Company’), India’s leading leisure hospitality provider, reported its standalone and consolidated financials for the fourth quarter and financial year ending 31st March 2024.
Operational Highlights (Standalone)
Member Additions
Q4 FY24 FY24
FY24
Resorts/Room Inventory
Q4 FY24
High resort occupancy at 87.3% vs 85% in Q4 FY23
⚫ New resorts at domestic destinations such as Pelling (Sikkim), Kaziranga (Assam), and international destinations such as Istanbul (Turkey), Nairobi (Kenya), Hua Hin & Khao Lak (Thailand), Tbilisi (Georgia)
Standalone Financial Highlights-
Q4 FY24 (excluding one-offs’)
FY24 (excluding one-offs’)
Consolidated Financial Highlights
Note : 1. Refer Table “MHRL one-offs “for details
“We have achieved exceptional results in FY24 with highest ever Total Income, Resort Income, EBITDA, PBT & PAT along with improved profit margins on YoY 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.”- Kavinder Singh, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd
“We have achieved exceptional results in FY24 with highest ever Total Income, Resort Income, EBITDA, PBT & PAT along with improved profit margins on YoY 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.”-
“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 Mn, 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.” Kavinder Singh, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd
“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 Mn, 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.”
About Mahindra Holidays & Resorts India Limited
Mahindra Holidays & Resorts India Limited (MHRIL) India’s leading leisure hospitality company offers quality family holidays primarily through vacation ownership. MHRIL offers a 25-year membership along with other products – Bliss, Go Zest, Club Mahindra Fundays for corporates, through its flagship brand Club Mahindra. As on March 31, 2024, MHRIL has 110 resorts across India & abroad and its subsidiary, Holiday Club Resorts Oy (HCR), Finland, a leading vacation ownership company in Europe has 33 Timeshare Properties (Including 9 Spa Resorts) across Finland, Sweden, and Spain.
Visit us at www.clubmahindra.com
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