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Mahindra Holidays & Resorts India Limited Q1 FY26 earnings call summary

NSE: MHRIL · BSE: 533088

Earnings call of 24 Jul 2025, summarised by AI from the filing.

Standalone PAT up 69% YoY to ₹76 cr; 1,000-room addition target by March 2026 reiterated.

Key takeaways

  1. Standalone PAT ₹76 cr, up 69% YoY, with PAT margin expanding by 680 bps.
  2. Room additions Goal of 1,000 rooms by March 2026 reiterated; pipeline back-ended to H2.
  3. Resort revenue ₹114 cr, double-digit growth, driven by rentals and F&B price hike.
  4. FOREX impact Consolidated PAT includes FOREX impact of ₹28 cr due to Euro-INR movement.

Original filing on BSE

Mahindra Holidays & Resorts India Limited Q1 FY27 results

As filed: Revenue ₹733 cr (+5% year on year), EBITDA ₹113 cr (−8% year on year), PAT −₹8.6 cr (−222% year on year), EBITDA margin 15.4% (−215 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹820 cr (+5% year on year), EBITDA ₹197 cr (−3% year on year), PAT ₹41.5 cr (−43% year on year), EBITDA margin 24.0% (−215 bps). Score 21 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA growth was well below it; profit growth was below it. EBITDA margin fell 215 bps year on year. Other income 36% of PBT. Tax rate 36%. Share price after the results: −15.3% in 30 days (Nifty 500: +1.8%).
  • Q3 FY26: Revenue ₹753 cr (+11% year on year), EBITDA ₹144 cr (−1% year on year), PAT ₹1.4 cr (−54% year on year), EBITDA margin 19.2% (−238 bps). Score 22 of 100, Below trend. Revenue growth was well above the company's own trend; EBITDA and profit before exceptional items growth were well below it. EBITDA margin fell 238 bps year on year. Other income 265% of PBT. Tax rate 90%. Consolidated profit -96% but standalone +8%. Profit fell 38% from last quarter. Share price after the results: −2.8% in 29 days (Nifty 500: +0.4%).
  • Q2 FY26: Revenue ₹717 cr (+7% year on year), EBITDA ₹153 cr (+23% year on year), PAT ₹17.0 cr (+55% year on year), EBITDA margin 21.3% (+286 bps). Score 46 of 100, In line with trend. Revenue and profit growth were in line with the company's own trend; EBITDA growth was above it. EBITDA margin rose 286 bps year on year. Other income 89% of PBT. Tax rate 50%. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Share price after the results: −3.4% in 28 days (Nifty 500: +0.9%).
  • Q1 FY26: Revenue ₹701 cr (+7% year on year), EBITDA ₹123 cr (+16% year on year), PAT ₹7.0 cr (+17% year on year), EBITDA margin 17.6% (+131 bps). Score 38 of 100, Below trend. Revenue growth was above the company's own trend; EBITDA growth was in line with it; profit growth was below it. EBITDA margin rose 131 bps year on year. Other income 144% of PBT. Tax rate 70%. Revenue fell 10% from last quarter. Share price after the results: +0.5% in 30 days (Nifty 500: −1.4%).
  • Q4 FY25: Revenue ₹779 cr (−3% year on year), EBITDA ₹204 cr (+9% year on year), PAT ₹73.0 cr (−12% year on year), EBITDA margin 26.2% (+281 bps). Score 18 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA and profit growth were below it. EBITDA margin rose 281 bps year on year. Other income 27% of PBT. Consolidated profit -12% but standalone +73%. Share price after the results: +20.9% in 28 days (Nifty 500: +4.3%).
  • Q3 FY25: Revenue ₹678 cr (+7% year on year), EBITDA ₹146 cr (+39% year on year), PAT ₹35.0 cr (+218% year on year), EBITDA margin 21.5% (+500 bps). Score 58 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA growth was well above it. EBITDA margin rose 500 bps year on year. Other income 67% of PBT. Consolidated profit +218% but standalone -25%.
  • Q2 FY25: Revenue ₹671 cr (+2% year on year), EBITDA ₹124 cr (−9% year on year), PAT ₹11.0 cr (−48% year on year), EBITDA margin 18.5% (−228 bps). Score 2 of 100, Below trend. EBITDA margin fell 228 bps year on year. Other income 121% of PBT. Tax rate 59%. Consolidated profit -48% but standalone +15%. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Mahindra Holidays & Resorts India Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.